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Platinum Mini Futures

Contract Specifications

Type of Trade Cash-settled Futures Transaction
Target of Trade price of platinum standard futures
Opening Date November 10, 2008
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 Nearest 6 contract months (February, April, June, August, October and December)
Last Trading Day Day Session on a business day preceding the Last Trading Day of the current contract month of the standard contract
Contract Unit 100g
Price Increment \0.5 per gram (\50 per Contract Unit)
Price Limits
  1. The price limit range shall be calculated by multiplying the reference price of price limits by the following rates.
    Normal 10%
    1st Expansion 20%
    2nd Expansion 30%
    (Note) The price limits will be expanded to the 1st expansion of price limits, and then to the 2nd expansion of price limits (Only price limits in one direction, up or down, will be expanded.)
    Price Limits/ Circuit Breaker Rule
    (Note) OSE may review price limit temporarily considering market conditions and other factors.
  2. Immediately Executable Price Range (DCB) : LTP ±\40
    ※However, the DCB Price Range for Opening Auction and Closing Auction will be ±\120 and ±\80 respectively.
    Immediately Executable Price Range Rule
Circuit Breaker Rule
(SCB)		 Trading will be suspended while Platinum Standard Futures is in SCB state.
Price Limits/ Circuit Breaker Rule
Strategy Trades The calendar spread trading and the inter-commodity spread trading are available.
J-NET Trading Available（Tick size：\0.01, Minimum trading unit：1 unit）
J-NET Trading
Holiday Trading Available
Holiday Trading
Daily Settlement Price Settlement Price of the Physically Delivered Platinum Standard Futures whose contract month in the same Clearing Period
Final Settlement Price Opening price at the day session of the last trading day of the current contract month of the standard contract
Customer Position Limits (separately for long and short positions) No Position Limits
Margin Calculated by VaR Method
Margin Calculation Method (VaR Method) for Futures and Options (JSCC)
Settlement
  • Resale or repurchase
  • Final settlement (Cash Settlement based on Final Settlement Price)
Give-Up Available
Give-Up System
Position-Transfer Available
Position Transfer System
Position Reporting Not required