As announced on TOCOM Market News dated November 11, 2009, TOCOM Changes Contract Unit for Silver Contract, price quoting unit of Silver contract will be changed to one gram from ten grams applicable from Silver December 2010 contract which will be listed on December 24, 2009.
Due to this change, Circuit Breaker Base Price for the new listing of Silver December 2010 contract will be calculated from dividing the settlement price of Silver October 2010 on December 22 by ten and rounding to the nearest tenth.
Example:
|
Settlement Price of October Contract on December 22 |
CB Base Price for December Contract on December 24 |
10 grams |
1 gram |
|
1 |
JPY 540.4 |
JPY 54.0 |
2 |
JPY 540.5 |
JPY 54.1 |