Each TOCOM Rubber futures contract represents 5,000 kilograms of deliverable grade rubber, which is defined as Ribbed Smoked Sheet (RSS) No.3, and its delivery date is set as the last business day of each month except December (the 28th for December). TOCOM Rubber futures contract also has a minimum delivery unit requirement of 10,000 kilograms.
As of July 2008, each TOCOM Rubber futures contract is subject to a margin rate of 112,500 yen for the spot month and 75,000 yen for the other months.
In 2007, TOCOM Rubber futures traded 7,062,252 contracts (-26.9 percent YOY), and, in June 2008, traded 662,304 contracts (-4.8 percent YOY).
|TOCOM Rubber futures|
|Exchange||Tokyo Commodity Exchange|
|Trade Unit||5,000 kg|
|Point Value||5,000 yen|
|Tick Value||500 yen|
|Contract Months||Six consecutive months from the current month|
|Last Trading Day||The fourth business day prior to the Delivery Day|
|Note: This contract is electronic ONLY -- no open outcry|
|No Open Outcry||Electronic|
|Trading Hours||N/A||9:00 a.m. to 11:00 a.m. , 12:30 p.m. to 5:30 p.m.|
|Price Limits||N/A||Daily Price Fluctuation Limits are determined based on the largest market price movement within a certain period of time and are set at a level where the probability that they will be reached is very low.|