1. HOME
  2. Derivatives
  3. Products
  4. Rubber
  5. TSR20 Rubber Futures
  6. Contract Specifications

TSR20 Rubber Futures

Contract Specifications

Type of Trade Physically Delivered Futures Transaction
Standard STR 20 produced in approved TSR factories and that meets the STR 20 quality standard as defined by the official organization in the designated producing country, Thailand.
Opening Date October 9, 2018
(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 last business day of the month immediately preceding the delivery month.
Contract Unit 5,000kg
Price Increment \0.1 per 1kg（\500 per 1 Contract Unit）
Delivery Unit 20,000kg
Price Limits
  1. 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.
  2. 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 Delivery (including completion of delivery and acceptance of documents) needs to be completed by nine business days counting from the Ship Loading Date (between the 10th business day of the current contract month until the 15th of the following month)
Deliverable Grades
  1. STR20 produced in OSE approved TSR factories in Thailand within 3 months from the production date at the time of the delivery
  2. Packaging form: Shrink-wrap packing
  3. Attaching a quality inspection certificate issued within 3 months at the time of the delivery by the approved factories designated to conduct quality inspection by an official organization designated by Thailand
  4. Meeting the latest TSR quality requirements mandated by the official organization of Thailand
Delivery Points FOB Bangkok Port , Laem Chabang Port or Penang Port
（Note)Customized Delivery, Declared Delivery,and ADP are available besides Basic Delivery.
Method of Delivery On-board ship designated by delivery taker (FOB)
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 500 contracts 1,000 contracts 10,000 contracts
Commercials, Investment trusts and Market maker 1,000 contracts 2,000 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 Systemicon-block
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)

(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.