Type of Trade Physically Delivered Futures Transaction
Standard Ribbed Smoked Sheet (RSS) No.3
Opening Date December 12, 1952
(Note) transferred from TOCOM on July 27, 2020
Trading Hours 9:00-15:15, 16:30-19:00
(Note) An order acceptance period (pre-closing) is established for 5 minutes before the Itayose on close.
Trading Hours
Contract Months Nearest 6 contract months
Last Trading Day The fourth business day preceding the Delivery Day.
Contract Unit 5,000kg
Price Increment /0.1 per kilogram(/500 per 1 Contract Unit)
Delivery Unit 5,000kg
Price Limits
  1. The price limit range:/20
    (Note)No expansion
    Current Price Limits
    Price Limits/ Circuit Breaker Rule
    (Note) OSE may review price limit temporarily considering market conditions and other factors.
  2. Immediately Executable Price Range (DCB) : LTP ± /5
    Immediately Executable Price Range Rule
Circuit Breaker No trading Halt
Strategy Trades The calendar spread trading is available.
J-NET Trading Available(Tick size:/0.001, Minimum trading unit:1 unit)
J-NET Trading
Daily Settlement Price Final Execution Price of Individual Auction
(Note)Regardless of the above, SP may be revised as the figure deemed appropriate by Japan Securities Clearing Corporation (JSCC) .
Settlement Price of Last Trading Day (Delivery Price) The volume-weighted average price calculated based on execution prices and volume formed through Individual Auction during the Day Session on the Last Trading Day
Delivery Day Until noon of the last day of each even month except December (the 28th for December). If the day falls on an Exchange holiday or the last business day of the year, Delivery Day will be the immediately preceding business day.
Deliverable Grades RSS No.3 or 4 of International Standard Specifications, deliverable within a year of date of customs clearance
Delivery Points Specified warehouses (warehouses located in Tokyo, Kanagawa, Chiba and so on)
Method of Delivery The Party Making Delivery submits to JSCC a warehouse receipt, issued by a OSE-designated warehouse, for the delivery good. The Party Taking Delivery pays the Delivery Value based on the delivery price to JSCC.
(Note)Customized Delivery, Declared Delivery,and ADP are available besides Basic Delivery.
Operational Procedures for Settlement by Delivery related to Commodity Futures Contracts
Customer Position Limits (separately for long and short positions)
Current contract month 2nd contract month All contract months combined
Customers 300 contracts 600 contracts 10,000 contracts
Commercials, Investment trusts and Market maker 400 contracts 600 contracts 10,000 contracts
Margin Calculated by using SPAN®
(Margin offsetting with other commodity futures and options contracts is allowed.)
Settlement ・Resale or repurchase
・Final settlement (physical delivery)
Give-Up Available
Give-Up System
Position-Transfer Available
Position Transfer System

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