Sàn Tocom - giao dịch cao su

Date of Listing
December 12, 1952

Delivery (sự giao hàng)
Physically Delivered Futures Transaction (giao dịch)

Standard (Tiêu chuẩn)
Ribbed Smoked Sheet (RSS) No.3 (RSS3)

Trading Method (Phương thức trading))
Computerized continuous trading

Contract Months (Hợp đồng)
Six consecutive (liên tiếp) months (On the day when a New Contract Month is generated, there will be six consecutive months starting from the month which the said day belongs to)

Last Trading Day (Ngày cuối cùng giao dịch)
Day session on the fourth business day preceding (trước) to the Delivery Day

First Trading Day of a New Contract Month
Day session on a business day following the Last Trading Day of the current contract month.

Delivery Day (Ngày giao hàng)
The last day of each even month except December (the 28th for December). If the day is a holiday or a half-day holiday, Delivery Day is advanced.

Deliverable Grades (Hạng)
RSS No.3 or 4 of International Standard Specifications, deliverable within a year of date of customs clearance (sự rời bến)

Delivery Points
Specified warehouses (kho hàng) (warehouses located in Tokyo, Kanagawa, Chiba, Ibaragi and Aichi)

Method of Delivery (Phương thức giao hàng)
The Party Making Delivery submits to the Exchange a warehouse receipt, issued by a TOCOM-designated warehouse, for the delivery goods. The Party Taking Delivery submits to the Exchange the Delivery Value based on the delivery price.

Trading Hours (Giờ giao dịch)
Day Session 9:00 a.m. to 3:30 p.m., (JST)
Night Session 5:00 p.m. to 7:00 p.m. (JST)

Contract Unit (Đơn vị hợp đồng)
5,000 kg (5 tonnes) / contract

Delivery Unit (Đơn vị giao hàng)
10,000 kg (10tonnes)
(Delivery unit = 2 contract units)
Minimum Price Fluctuation
JPY 0.1 per kg

Circuit (chu vi) Breaker Trigger Level

The CB trigger level is to be set everyday at the start of a clearing period (i.e.the start of a night session at 17:00) and is based on the settlement price of the previous clearing periond (or the settlement price of the preceding contract month, in case of a new contract month)

Maintenance Amount for Initial Clearing Margin (per contract)
Maintenance Amount for Initial Clearing Margin is determined every month based on a minimum amount that is calculated using the following formula:
"an amount determined based on price movement within a recent certain period of time" x "Contract Unit Multiplier" x 1.5

See Margins for the margins currently applied.

Extraordinary Clearing Margin
When the Exchange deems it necessary for market management purposes, Extraordinary Clearing Margins shall be imposed.

Customer Position Limit (for each long/short position)

Current Contract Month = 200 contracts (for each long/short position)
2nd contract month = 600 contracts (for each long/short position)
All Contract Months Combined = 10,000 contracts