- If the final contract prices of 3 or more futures contract months reach the upper or lower price limit in the same direction on 3 consecutive business days, in principle,
the Exchange will collect an additional amount of extraordinary margin of the amount
equal to 50% of Minimum Initial Margins (rounded to the nearest 10,000 yen) for
newly established positions on all contract months from the following business day.
However, above measures shall not be applied to in any of the following cases:
- If the Exchange does not recognize that a significant disparity exists relative to prices in overseas futures markets;
- If contract prices of all of futures contract months are established within the price limit during any of trading sessions on either the business day when such measures are taken, the business day before the day such measures are taken or the two business days prior to the day such measures are taken, and the Exchange acknowledges that any open short (long) positions may be offset even when trades are executed at the upper (lower) limit price; or
- If the Exchange deems it inappropriate to implement such measures for any reasons.
- For Azuki (Red Beans), Corn, Raw Silk, Refined Sugar and Soybean futures contracts, after the above measures are applied, if the final contract prices of all of the contract months are established within the price limit (not including the case when trades are executed at the upper or lower limit price in same directions by the drawing and allocation of lots in the call market) on the following business day, in principle, the Exchange will lift the collection of the extraordinary margin specified in Paragraph 1 above.
- For Arabica Coffee, Robusta Coffee and Raw Sugar futures contracts, after the above measures are applied, if the final contract prices of all of futures contract months after the following business day are established within the price limit (but not including the case when the prices close at the upper or lower limit price in same directions), in principle, the Exchange will lift the collection of the extraordinary margin specified in Paragraph 1 above.
These Provisions shall come into effect on October 15, 2008.
