Platinum Standard Futures
Contract Specifications
| Type of Trade | Physically Delivered Futures Transaction | |||||||||||||||
| Standard | Platinum of minimum 99.95% fineness | |||||||||||||||
| Opening Date | January 26, 1984 (Note) transferred from TOCOM on July 27, 2020 |
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| Trading Hours | 8:45-15:45, 17:00-6:00
(Note) An order acceptance period ("pre-closing") is established for 5 minutes before the Itayose on close. Trading Hours |
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| Contract Months | Nearest 6 contract months (February, April, June, August, October and December) | |||||||||||||||
| Last Trading Day | Day session on the third business day preceding the Delivery Day | |||||||||||||||
| Contract Unit | 500g/ contract (approximately 16.08 troy ounces) | |||||||||||||||
| Price Increment | JPY 1 per gram (JPY 500 per Contract Unit) | |||||||||||||||
| Delivery Unit | 500g | |||||||||||||||
| Price Limits |
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| 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：JPY 0.01, Minimum trading unit：1 unit）
J-NET Trading |
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| Holiday Trading | Available Holiday Trading |
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| Daily Settlement Price | Final Execution Price of Individual Auction (Note)Regardless of the above, SP may be revised as the figure deemed appropriate by Japan Securities Clearing Corporation (JSCC) . |
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| Settlement Price of Last Trading Day (Delivery Price) | The volume-weighted average price calculated based on execution prices and volume formed through Individual Auction during the Day Session on the Last Trading Day | |||||||||||||||
| Delivery Day and Time | Until noon of the last day of each even month except December (the 28th for December). If the day falls on an Exchange holiday or the last business day of the year, Delivery Day will be the immediately preceding business day. | |||||||||||||||
| Good Delivery | Bullions matching the standard, hallmarked with a trade name, among other marks, designated by the Exchange. The Acceptable Weight Range of Deliverable Goods shall be +/-2% per contract. | |||||||||||||||
| Delivery Points | Specified warehouses (warehouses located in Tokyo) | |||||||||||||||
| Method of Delivery | The Party Making Delivery submits to JSCC a warehouse receipt, issued by a OSE-designated warehouse, for the delivery good. The Party Taking Delivery pays the Delivery Value based on the delivery price to JSCC.
（Note)Customized Delivery, Declared Delivery, Early Delivery and ADP are available besides Basic Delivery. Operational Procedures for Settlement by Delivery related to Commodity Futures Contracts |
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| Customer Position Limits (separately for long and short positions) |
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| Margin | Calculated by VaR Method Margin Calculation Method (VaR Method) for Futures and Options (JSCC) |
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| Settlement | ・Resale or repurchase ・Final settlement (physical delivery) |
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| Give-Up | Available
Give-Up System |
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| Position-Transfer | Available
Position Transfer System  |
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| Position Reporting | Applicable contract months: All contract months Parties required to report: Trading Participants and Eligible Intermediaries, when short or long positions entrusted by a single client exceed the reporting criteria below Information to be reported: Short positions and long positions for all contract months for the relevant issues (Even if only one of the short or long position for one contract month exceeds the reporting criteria, it is necessary to report the quantities of both short and long positions in all contract months.)
Measurement date: Every business day (at the end of the day session) |
(Note)
- ･Commercials are those who commercially engage in trade, intermediary, brokerage, agency, production, processing or use of commodities.
- ･Eligible Intermediaries are brokers, foreign securities services providers, or foreign commodity futures brokers who are subject to the application of special measures concerning limits on the quantity of positions.