| Items |
Specifications |
| Exchange |
CME |
| Underlying Stock Index |
Nikkei 225 Futures (Dollar based) |
| Contract Size |
US$5 times the Nikkei Stock Average |
| Minimum Price Fluctuation |
5.00=US$25.00 |
| Contract Month |
Four months in the March Quarterly Cycle. Mar, Jun, Sep, Dec. |
| Daily Price Limits |
The Daily Price Limit shall be based on the settlement price of the lead month futures contract on the last business day of the preceding month:
| Lead Month Settlement |
Daily Limit (Index points) |
| 0 - 20,000 |
1,000 |
| 20,005 - 30,000 |
1,500 |
| 30,005 and up |
2,000 |
|
| Trading Hrs |
Singapore Time:
Floor:
9pm - 4:15am
Globex:
Standard Time: 3pm - 4:15am, reopening from 4:30am - 5:30am (Monday through Saturday)
Daylight Savings Time: 4pm - 4:15am, reopening from 4:30am - 5:30am, closing from 5:30am - 6am, reopening from 6am - 7am |
| Trading Hours on Last Trading Day |
N.A |
| Last Trading Day |
The business day immediately proceeding the day of determination of the Final Settlement Price. The Final Settlement Price is determined on the second Friday of the contract month by the Osaka Securities Exchange. |
| Final Settlement |
Cash Settlement
Clearing members holding open positions in a Nikkei Stock Average futures contract at the time of termination of trading in that contract shall make payment to or receive payment from the Clearing House in accordance with normal variation performance bond procedures based on a settlement price equal to the final settlement price. |
| Close |
