Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Tokyo Commodity Exchange Price Limit And Margin For April 2009

Date 25/03/2009

Margins and Price Limits to be applied for the trades in April 2009 are as follows (Unit: JPY):

Commodity

Contract Month

Initial*1 Spot Month*2 Extra-ordinary*3 Price Limit

EPR*4(+/-Ref. Price*5)

WPR*6(+/-Ref. Price)

Rubber

APR'09

60,000 45,000

-

-

0.3

1.0

MAY'09
-OCT'09

60,000 -

-

16.0

Gold
(Standard)

APR'09

150,000 75,000

-

-

3

8

JUN'09
-APR'10

150,000 -

-

150

Gold
(Mini)

APR'09

20,000 -

-

-

3

8

JUN'09
-APR'10

20,000 -

-

150

Gold Options

All series

75,000 -

-

-

3

8

-

150

Silver

APR'09

90,000 45,000

-

-

0.7

2.0

JUN'09
-APR'10

90,000 -

-

40.0

Platinum

APR'09

105,000 105,000

-

-

3

10

JUN'09
-APR'10

105,000 -

-

300

Platinum
(Mini)

APR'09

28,000 -

-

-

3

10

JUN'09
-APR'10

28,000 -

-

300

Palladium

APR'09

30,000 30,000

-

-

3

10

JUN'09
-APR'10

30,000 -

-

80

Crude Oil

APR'09

195,000 -

-

-

30

200

MAY'09
-SEP'09

195,000 -

-

3,600

Gasoline

MAY'09

195,000 97,500

-

-

30

200

JUN'09
-NOV'09

195,000 -

-

3,600

Kerosene

MAY'09

195,000 97,500

-

-

30

200

JUN'09
-NOV'09

195,000 -

-

3,600

Aluminum

APR'09

60,000 30,000

-

-

0.5

1.2

JUN'09
-APR'10

60,000 -

-

16.0

*1 Initial : Maintenance Amount for Initial Clearing Margin
*2 Spot Month : Spot Month Additional Clearing Margin
*3 Extraordinary : Extraordinary Clearing Margin
*4 EPR : Executable Price Range
*5 RP: Reference Price
*6 WPR: Warning Point Range

<Spot Month Additional Clearing Margin>  
* For the May 2009 contract of Rubber, Spot Month Additional Clearing Margins (JPY 60,000) shall be required on and after April 24, 2009.  
* For the June 2009 contract of Precious Metals (except Gold Mini, Gold Options and Platinum Mini), Spot Month Additional Clearing Margins shall be required as follows on and after April 27, 2009.
-Gold: JPY 150,000 for customer and proprietary positions
-Gold: JPY 50,000 for consigned member positions
-Silver: JPY 90,000 for customer and proprietary positions
-Silver: JPY 45,000 for consigned member positions
-Platinum and Palladium: the same as for the April 2009 contact.
* For the June 2009 contracts of Gasoline and Kerosen, Spot Month Additional Clearing
Margins(JPY195,000 for customer and proprietary positions, JPY65,000 for consigned member positions) shall be required on and after April 27, 2009.  
* For the June 2009 contract of Aluminum, Spot Month Additional Clearing Margins (JPY60,000 for customer and proprietary positions, JPY20,000 for consigned member positions) shall be required on and after April 27, 2009.    

 <Price Limit>  
* No price limit will be imposed on and after April 24, 2009 for the May 2009 contract of Rubber.
* No price limit will be imposed on and after April 27, 2009 for the June 2009 contracts of Gasoline and Kerosene.
* No price limit will be imposed on and after April 27, 2009 for the June 2009 contract of Gold, Silver, Platinum, Palladium and Aluminum.
* With regards to Palladium, if the final contract price for all or a part of the contract months drops below JPY 400 to within the three hundred yen level, the price limits for Palladium shall be JPY 60 on and after the following business day.