Tokyo Commodity Exchange: Extraordinary Margins On Gold And Gold Options

At the Precious Metals Market Management Committee held on December 12, 2005, the decisions were made to impose Extraordinary Margins for existing and newly established positions in the gold market on December 14 for all the contract months. 

Lifting of the Extraordinary Margins will be determined taking into considerations of the price movements, and will be notified as soon as the decesion is made.

Commodity	Contract Month	Extraordinary Trading Margin / lot (Proprietary, General Customer, Member Customer)
Gold	All Contract Months (Existing Positions)	JPY 25,000
	All Contract Months (New Positions)	JPY 50,000
Gold Options (sellers only)	All Contract Months (Existing Positions)	JPY 12,500
	All Contract Months (New Positions)	JPY 25,000

* Existing Positions: Positions which were made before December 14.
* New Positions: Positions newly established on and after December 14.