TOCOM Silver

From MarketsWiki
Jump to: navigation, search
Not impressed? Tell us how to improve it or sign up to edit.
Cbot-logo.jpg

TOCOM Silver futures trade on the Tokyo Commodity Exchange (TOCOM). They were launched on January 26, 1984[1].

Each TOCOM Silver futures contract represents 30 kilograms of deliverable grade silver, which is defined as fine silver of minimum 99.99% purity, and its delivery date is set as the last day of each even month except December (the 24th for December). If the day is a holiday or a half-holiday, Delivery Day is advanced.

As of July 2008, each TOCOM Silver futures contract is subject to a margin rate of 162,000 yen for the spot month and 108,000 yen for the other months[2].

In 2007, TOCOM Silver futures traded 536,583 contracts (-37.5 percent YOY), and, in June 2008, traded 18,791 contracts (-69.5 percent YOY).



TOCOM Silver futures
Exchange Tokyo Commodity Exchange
Settlement Physically delivered
Contract Size 30 kg
Pricing Unit 300 yen
Tick Value 300 yen
Contract Months All even months within a year
Last Trading Day The third 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.
Ticker Symbol N/A N/A
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[3].

Notes

Resources

Tokyo Commodity Exchange Silver Futures Contract Specifications

References

  1. Silver Contract. Tokyo Commodity Exchange.
  2. Margin and Price Limit. Tokyo Commodity Exchange.
  3. Margin and Price Limit. Tokyo Commodity Exchange.