Margins and Price Limits to be applied for the trades in December 2008 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 |
DEC'08 |
75,000 |
37,500 |
- |
- |
0.3 |
1.0 |
JAN'09 |
75,000 |
- |
- |
16.0 |
|||
Gold |
DEC'08 |
135,000 |
67,500 |
- |
- |
3 |
8 |
FEB'09 |
135,000 |
- |
- |
150 |
|||
Gold |
DEC'08 |
18,000 |
- |
- |
- |
3 |
8 |
FEB'09 |
18,000 |
- |
- |
150 |
|||
Gold Options |
All series |
67,500 |
- |
- |
- |
3 |
8 |
67,500 |
- |
- |
150 |
||||
Silver |
DEC'08 |
108,000 |
54,000 |
- |
- |
0.7 |
2.0 |
FEB'09 |
108,000 |
- |
- |
40.0 |
|||
Platinum |
DEC'08 |
150,000 |
150,000 |
- |
- |
3 |
10 |
FEB'09 |
150,000 |
- |
- |
300 |
|||
Platinum |
DEC'08 |
40,000 |
- |
- |
- |
3 |
10 |
FEB'09 |
40,000 |
- |
- |
300 |
|||
Palladium |
DEC'08 |
60,000 |
60,000 |
- |
- |
3 |
10 |
FEB'09 |
60,000 |
- |
- |
80 |
|||
Crude Oil |
DEC'08 |
210,000 |
- |
- |
- |
30 |
200 |
JAN'09 |
210,000 |
- |
- |
3,600 |
|||
Gasoline |
JAN'09 |
210,000 |
105,000 |
- |
- |
30 |
200 |
FEB'09 |
210,000 |
- |
- |
3,600 |
|||
Kerosene |
JAN'09 |
210,000 |
105,000 |
- |
- |
30 |
200 |
FEB'09 |
210,000 |
- |
- |
3,600 |
|||
Aluminum |
DEC'08 |
75,000 |
37,500 |
- |
- |
0.5 |
1.2 |
FEB'09 |
75,000 |
- |
- |
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 January 2009 contract of Rubber, Spot Month Additional Clearing Margins (JPY 37,500) shall be required on and after December 22, 2008.
* For the February 2009 contract of Gold (except Gold Mini and Gold Options), Silver, Platinum(except Platinum Mini) and Palladium, Spot Month Additional Clearing Margins (Gold: JPY 67,500, Silver: JPY 54,000, Platinum: JPY 150,000, Palladium: JPY 60,000) shall be required on and after December 19, 2008.
* For the February 2009 contracts of Gasoline and Kerosene, Spot Month Additional Clearing Margins (Gasoline: JPY 105,000, Kerosene: JPY 105,000) shall be required on and after December 26, 2008.
* For the February 2009 contract of Aluminum, Spot Month Additional Clearing Margins (JPY 37,500) shall be required on and after December 19, 2008.
<Price Limit>
* No price limit will be imposed on and after December 22, 2008 for the January 2009 contract of Rubber.
* No price limit will be imposed on and after December 26, 2008 for the February 2009 contracts of Gasoline and Kerosene.
* No price limit will be imposed on and after December 19, 2008 for the February 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.
