Platinum

Posted By Steve On Sunday, December 27th, 2009 With 0 Comments
Exchange Tokyo Commodity Exchange
Type Commodity
Underlying Platinum 99.95% purity
Currency Japanese Yen (JPY)
Contract Size 500 grams (approximately 16.08 troy ounces)
Tick Size 1.0
Tick Value 500 JPY
Pre-Open 1
Trading Session 1 09:00 to 15:30
Pre-Open 2
Trading Session 2
Pre-Open T+1
Trading Session T+1 17:00 – 23:00
Last Trading Day The third business day prior to the Delivery Day.
Delivery Day 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 the preceeding business day.
Final Settlement Price
Settlement Type Physical
Deliverable Grade 99.95% pure. The Acceptable Weight Range of Deliverable Goods shall be +/-2% per contract.
Delivery Point Specified warehouses within Tokyo
Delivery Method The Party Making Delivery submits to the Exchange a warehouse receipt, issued by a TOCOM-designated warehouse. The Party Taking Delivery submits to the Exchange the Delivery Value based on the delivery price.
Contract Months All even months within a year. Feb, Apr, Jun, Aug, Oct, Dec
First Trading Day Day session on a business day following the Last Trading Day of the current contract month.
Position Limit Customers excluding commercials and investment funds:
1st contract month in an even month: 100 contracts
1st contract month in an odd month: 150 contracts
2nd contract month: 200 contracts
All contract months combined: 3,500 contracts
Commercials and investment funds:
1st contract month in an even month: 600 contracts
1st contract month in an odd month: 700 contracts
2nd contract month: 1,200 contracts
All contract months combined: 10,000 contracts
Block Size
Initial Margin (outright) Varies
Maintenance Margin (outright) Varies
Clearinghouse Margin (outright)  
Listed Spread No
Initial Margin (spread)  
Maintenance Margin (spread)  
Clearinghouse Margin (spread)  
Daily Price Limit Varies. It’s based on the settlement price of the previous clearing period
Options No
Exchange Symbol 13
Reuters Symbol TCE/JPL
Bloomberg Symbol JAA
ISIN Symbol  
SEDOL  
Notes  

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