| Type of Trade |
Physically Delivered Futures Transaction |
| Standard |
Ribbed Smoked Sheet (RSS) No.3 |
| Opening Date |
December 12, 1952
(Note) transferred from TOCOM on July 27, 2020 |
| Trading Hours |
9:00-15:15, 16:30-19:00
(Note) An order acceptance period ("pre-closing") is established for 5 minutes before the Itayose on close.
Trading Hours
|
| Contract Months |
Nearest 12 contract months |
| Last Trading Day |
The fourth business day preceding the Delivery Day. |
| Contract Unit |
5,000kg |
| Price Increment |
\0.1 per kilogram（\500 per 1 Contract Unit） |
| Delivery Unit |
5,000kg |
| Price Limits |
- The price limit range shall be calculated by multiplying the reference price of price limits by 10%.
(Note)No expansion
Price Limits/ Circuit Breaker Rule
(Note) OSE may review price limit temporarily considering market conditions and other factors.
- Immediately Executable Price Range (DCB) : LTP ± \5
※However, the DCB Price Range for Opening Auction and Closing session will be ±\15 and ±\10 respectively.
Immediately Executable Price Range Rule
|
| Circuit Breaker |
No trading Halt |
| Strategy Trades |
The calendar spread trading is available. |
| J-NET Trading |
Available（Tick size：\0.001, Minimum trading unit：1 unit）
J-NET Trading
|
| Holiday Trading |
Available
Holiday Trading |
| 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) . |
| 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 |
Until noon of the last day of each 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. |
| Deliverable Grades |
RSS No.3 or 4 of International Standard Specifications, deliverable within a year of date of customs clearance |
| Delivery Points |
Specified warehouses (warehouses located in Tokyo, Kanagawa, Chiba and so on) |
| 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,and ADP are available besides Basic Delivery.
Operational Procedures for Settlement by Delivery related to Commodity Futures Contracts |
| Customer Position Limits (separately for long and short positions) |
|
Current contract month |
2nd contract month |
All contract months combined |
| Customers |
300 contracts |
600 contracts |
10,000 contracts |
| Commercials, Investment trusts and Market maker |
400 contracts |
600 contracts |
10,000 contracts |
|
| Margin |
Calculated by VaR Method
Margin Calculation Method (VaR Method) for Futures and Options (JSCC)
|
| Settlement |
・Resale or repurchase
・Final settlement (physical delivery) |
| Give-Up |
Available
Give-Up System |
| Position-Transfer |
Available
Position Transfer System |
| 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.)
|
Entrusted by other Trading Participants or Eligible Intermediaries |
Entrusted by customers other than these |
| Reporting criteria |
1 contract |
51 contracts |
Measurement date: Every business day (at the end of the day session)
|
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