Posted By Steve On Sunday, December 27th, 2009 With 0 Comments
Exchange Tokyo Commodity Exchange
Type Energy
Underlying Regular gasoline of JIS K2202 Grade
Currency Japanese Yen (JPY)
Contract Size 50 kiloliters (approximately 13,210 US gallons)
Tick Size 10.0
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 Trading session on the 25th of the month preceding the current contract month. If the Last Trading Day is a holiday the preceeding business day will serve as the Last Trading Day.
Delivery Day Throughout the delivery month
Final Settlement Price The contract price shall be inclusive of the cost of delivery into refineries or oil tanks located in Tokyo Bay area but exclusive of gasoline tax and consumption tax.
Settlement Type Physical
Deliverable Grade Regular gasoline of JIS K2202 Grade 2, which is refined within Japan or cleared through the customs. ±2% of the volume per delivery. 100 kl (Delivery unit = 2 contract units).
Delivery Point Refineries and oil tanks located in Tokyo, Kanagawa and Chiba, provided with barge delivery facilities, and appointed by the Exchange
Delivery Method Option of delivery points: Seller
Delivery method: Delivery into barge
Option of delivery day: Buyer in principle
Matching of Buyer and Seller: Determined by drawing lots, except when parties to Delivery parties find their counterparts by themselves during the period from Last Trading Day to Lottery Day.
Divided delivery: Delivery can be divided
Contract Months Six consecutive months.
First Trading Day Trading session on the last business day following the Last Trading Day of the current contract month.
Position Limit Customers excluding commercials and investment funds:
Current contract month: 250 contracts
2nd contract month: 500 contracts
Other contract months (each): 1,500 contracts
Commercials and investment funds:
Current contract month: 2,000 contracts
2nd contract month: 3,000 contracts
Other contract months (each): 5,000 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 31
Reuters Symbol TCE/JGL
Bloomberg Symbol JVA
ISIN Symbol  

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