Osaka Securities Exchange: Rule Amendments For Daily Price Limit For Stock Index Futures

Taking into consideration the current condition of Japan's markets which continuously move below a stock price level assumed when introducing the current rules for daily price limit for Stock Index Futures, OSE will make the following amendments to the rules for Daily Price Limit for Stock Index Futures.

Summary of Rule Amendments

(1)

Nikkei 225 Futures & Nikkei 225 mini (yen)

Standard price	Daily Price Limit
Less than 7,500	±1,000
7,500 - less than 10,000	±1,500
10,000 - less than 12,500	±2,000
12,500 - less than 17,500	±3,000
17,500 - less than 22,500	±4,000
22,500 - less than 27,500	±5,000
27,500 - less than 32,500	±6,000
32,500 - less than 37,500	±7,000
37,500 - less than 42,500	±8,000
42,500 or more	±9,000

* Amended parts are shown in bold.

(2)

Nikkei 300 Futures (points)

Standard price	Daily Price Limit
Less than 150	±20
150 - less than 175	±25
175 - less than 200	±30
200 - less than 250	±40
250 - less than 300	±50
300 - less than 350	±60
350 - less than 400	±70
400 - less than 450	±80
450 - less than 500	±90
500 or more	±100

* Amended parts are shown in bold.

(3)

MSCI JAPAN Futures & RN Prime Index Futures (points)

Standard price	Daily Price Limit
Less than 500	±80
500 - less than 750	±120
750 - less than 1,000	±160
1,000 - less than 1,500	±240
1,500 - less than 2,000	±320
2,000 - less than 2,500	±400
2,500 - less than 3,000	±480
3,000 - less than 3,500	±560
3,500 or more	±640

* Amended parts are shown in bold.

Effective Date

The amended rules will be enforced on November 5, 2008.