TOPIX and TOPIX Sector Index Futures

TOPIX Sector Index Futures - Contract Specification

Update : Nov. 21, 2011

	TOPIX Electric Appliance Index Futures	TOPIX Banks Index Futures
Underlying index	TOPIX Electric Appliance Index	TOPIX Banks Index
Date of listing	January 23, 1998	April 10, 1998
Trading hours	9:00-11:35 11:45-15:15 16:30-23:30
Contract months	March, June, September, December cycle (three contract months up to nine months)
Contract months	The business day prior to the second Friday of each contract month (the day shall be moved up if the second Friday is a holiday)
Trading unit	TOPIX Electric Appliances Index X 10,000 yen	TOPIX Banks Index X 10,000 yen
Minimum fluctuation	0.5 points	0.1 points
Payment and receipt	Settlement of open position by offset transaction: On the business day following the day of the offset transactions Settlement of open position by final cash delivery: On the second business day following the last day of trading

Criteria for implementing daily price limit and temporary suspension

Base price or the final value of the targeted stock index of the previous day	Dynamic Price Range	Criteria for implementing temporary suspension
		First price range	Second price range
Less than 750 points	± 10.0 pts.	Over 50 points	Over 75 points
750 points or above, but less than 1,000 points	± 15.0 pts.	Over 75 points	Over 110 points
1,000 points or above, but less than 1,250 points	± 20.0 pts.	Over 100 points	Over 150 points
1,250 points or above, but less than 1,750 points	± 30.0 pts.	Over 150 points	Over 225 points
1,750 points or above, but less than 2,250 points	± 40.0 pts.	Over 200 points	Over 300 points
2,250 points or above, but less than 2,750 points	± 50.0 pts.	Over 250 points	Over 375 points
2,750 points or above, but less than 3,250 points	± 60.0 pts.	Over 300 points	Over 450 points
3,250 points or above, but less than 3,750 points	± 70.0 pts.	Over 350 points	Over 525 points
3,750 points or above	± 80.0 pts.	Over 400 points	Over 600 points