Tokyo Grain Exchange Raw Silk
Each TGE Raw Silk futures contract represented 60 kilograms of standard or deliverable raw silk, which was defined in accordance with the exchange rules, and its delivery date is set as the business day prior to the last business day of the delivery month (December 24th for the December contract; if not a business day, the delivery day is moved up to the nearest business day). TGE Raw Silk futures contract also had a minimum delivery unit requirement of 300 kilograms, equivalent to 5 contract units.
As of July 2008, each TGE Raw Silk futures contract is subject to a margin rate of 33,000 yen (53,000 yen after July 15) for the spot month and 23,000 yen for the next month, and 13,000 yen for the other months.
In June 2008, TGE Raw Silk futures traded 251 contracts (-4.6 percent YOY) and its turnover amounted to 102 million yen (-1.8 percent YOY).
|TGE Raw Silk futures|
|Exchange||Tokyo Grain Exchange|
|Contract Size||60 kilograms|
|Pricing Unit||¥6 per contract|
|Tick Value||¥60 per contract|
|Contract Months||6 consecutive months|
|Last Trading Day||Two business days prior to the delivery day.|
|Note: This contract is electronic ONLY -- no open outcry|
|No Open Outcry||Electronic|
|Trading Hours||N/A||9:45 a.m., 1:45 p.m.
- Raw Silk Futures Contract Specifications. Tokyo Grain Exchange.
- Japan Set To End 115-Year-Old Raw Silk Futures Trading. ZEENEWS.