Nikkei 225 Dividend Index Futures

Contract Specifications

Underlying Index Nikkei 225 Dividend Index
Opening Date July 26, 2010
Trading Hours 8:45-15:15, 16:30-6:00
(Note) An order acceptance period ("pre-closing") is established for 5 minutes before the Itayose on close.
Trading Hours
Contract Months Every December: 8 contract months. (Available for a period up to 8 years and 3 months. 9 contract months during January and March.)
Last Trading Day The last business day of March.
SQ Day The business day following the last trading day.
Contract Unit Nikkei 225 Dividend Index × ¥1,000
Tick size ¥0.1
Price Limits
  1. The price limit range is \50.
    (Note) The price limits will be expanded by \25 (Only price limits in one direction, up or down, will be expanded.)
    (Note) No limitation on how many times the price limit range will be expanded.
    Price Limits/ Circuit Breaker Rule
  2. Immediately Executable Price Range (DCB):LTP or BBO mid price ±\10
    ※However, the DCB Price Range for Opening Auction and Closing Auction will be ±\30 and ±\15 respectively.
    Immediately Executable Price Range Rule
Circuit Breaker Rule(SCB) In the case where there was a trade, etc. in the central contract month at the upper or lower price limit range, trading in all contract months will be suspended for at least 10 minutes. Price Limits/ Circuit Breaker Rule
Strategy Trades The calendar spread trading is available.
J-NET Trading Available (Tick size: ¥0.0001, Minimum trading unit: 1 unit)
J-NET Trading
Holiday Trading Available
Holiday Trading
Settlement Last traded price, etc. from 3:00 p.m. until the end of the Day Session
*If necessary, notwithstanding the above, the settlement price will be adjusted as deemed appropriate by JSCC.
Final Settlement Price Special Quotation
(SQ calculation is based on the total dividend of each component stock of Nikkei 225 Dividend Index.)
Margin Calculated by VaR Method
Margin Calculation Method (VaR Method) for Futures and Options (JSCC)
Settlement method
  1. resell or buy back
  2. final settlement
Give-Up Available
Give-Up System
Position-Transfer Available
Position Transfer System(JSCC)