Tokyo Commodity Exchange, Inc. (TOCOM) announced the applicable amounts for Trading Participant Registration Fee (tax not included) and other fees at the meeting of the board of directors held on 1 December as follows.
1. Trading Participant Registration Fee
a. Broker Trading Participant and Market Trading Participant
Fee per market: JPY 10 million
Fee for multiple markets (cap): JPY 25 million
* For the Aluminum market, the fee is JPY 5 million until further notice.
b. General Trading Participant
Fee per market: JPY 1 million
2. Fee for Registered Name Amendment JPY 1 million
3. Trading Participation Fees
(1)Membership Fees for fiscal year 2008
a. Broker Trading Participant: JPY 360,000 per market / half year
b. Market Trading Participant: JPY 300,000 per market / half year
c. General Trading Participant: JPY 60,000 per market / half year
(2) Exchange Fees for fiscal year 2008
a. Gold Mini and Platinum Mini JPY 14 per trade* (one way)
* However, to promote the launch of these contracts, the Exchange Fee is set at JPY 9 per trade (one way) for the time being.
b. Gold Options JPY 19 per trade (one way)
c. Other products JPY 39 per trade (one way)
JPY 99 per delivery (except crude oil)
d. Volume Discount Program
When a Trading Participant’s accumulated transaction volume within a month exceeds the number of trades set forth in the below tiers; the following discounted Exchange Fees will apply to the trades in excess of each tier.
| Tier 1 | Tier 2 | |||||
| Level 1 (No. of Trades) | Discount(JPY) | Exchange Fee(JPY) | Level 2 (No. of Trades) | Discount(JPY) | Exchange Fee(JPY) | |
| Gold | 300,000 | 5 | 34 | 600,000 | 10 | 29 |
| Silver | 10,000 | 5 | 34 | 15,000 | 10 | 29 |
| Platinum | 200,000 | 5 | 34 | 300,000 | 10 | 29 |
| Palladium | 10,000 | 5 | 34 | 15,000 | 10 | 29 |
| Aluminum | 2,000 | 5 | 34 | 4,000 | 10 | 29 |
| Gasoline | 100,000 | 5 | 34 | 200,000 | 10 | 29 |
| Kerosene | 50,000 | 5 | 34 | 100,000 | 10 | 29 |
| Crude Oil | 30,000 | 5 | 34 | 45,000 | 10 | 29 |
| Rubber | 140,000 | 5 | 34 | 210,000 | 10 | 29 |
| Gold Mini | 30,000 | 2 | 7 | 60,000 | 4 | 5 |
As for the Platinum Mini contract (Platinum Cash-settled Futures Transaction), the tier levels and discount amounts will be determined based on actual transaction records until March 2009. The volume discount program will then apply to trades in April 2009 and thereafter.
4. Exchange Fee for December 2008
A refund of JPY 0.5 per trade shall apply to the JPY 39 Exchange Fee. The Exchange Fee for January 2009 and thereafter will be discussed and determined by the board of directors at a later date.
