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Contract Specifications

Exchanges

Osaka Exchange

Product Name/Code	Category	Specifications	Minimum Price Fluctuation	Daily Price Limit
$ OSAKA Nikkei Stock Average (JNI)	Futures	Index*1000 yen	10 points = 10,000 yen	futures 8%,12%,16% option 1~50 points 4% 50~200 points 6% 200~500 points 8% 500 points or more 11% Add 3% for each expansion The exchange publishes quarterly
Trading Months: 3,6,9,12 Local Trading Hours: 07:45~14:45 Cancellation is not allowed 1 minute before the opening T+1 electronic disk 16:00 ~ 05:00 Cancellation is not allowed 1 minute before opening and closing T and T+1 last five minutes call auction
$ OSAKA Nikkei Stock Average (JNM)	Futures	Index*100 yen	5 points = 500 yen	futures 8%,12%,16% option 1~50 points 4% 50~200 points 6% 200~500 points 8% 500 points or more 11% Add 3% for each expansion The exchange publishes quarterly
Trading Months: 3,6,9,12 Local Trading Hours: 07:45~14:45 Cancellation is not allowed 1 minute before the opening T+1 electronic disk 16:00 ~ 05:00 Cancellation is not allowed 1 minute before opening and closing T and T+1 last five minutes call auction
$ Nikkei 225 micro Futures (JNU)	Futures	Index*10 yen	5 points = 50 yen	futures 8%,12%,16% option 1~50 points 4% 50~200 points 6% 200~500 points 8% 500 points or more 11% Add 3% for each expansion The exchange publishes quarterly
Trading Months: 3,6,9,12 Local Trading Hours: 07:45~14:45 Cancellation is not allowed 1 minute before the opening T+1 electronic disk 16:00 ~ 05:00 Cancellation is not allowed 1 minute before opening and closing T and T+1 last five minutes call auction
$ TOPIX Futures (JTI)	Futures	Index*10,000 yen	0.5 points =5,000 yen	futures 8%,12%,16% option 1~50 points 4% 50~200 points 6% 200~500 points 8% 500 points or more 11% Add 3% for each expansion The exchange publishes quarterly
Trading Months: 3,6,9,12 Local Trading Hours: 07:45~14:45 Cancellation is not allowed 1 minute before the opening T+1 electronic disk 16:00 ~ 05:00 Cancellation is not allowed 1 minute before opening and closing T and T+1 last five minutes call auction
$ mini TOPIX Futures (JMT)	Futures	Index*1000 yen	0.25 points =250 yen	futures 8%,12%,16% option 1~50 points 4% 50~200 points 6% 200~500 points 8% 500 points or more 11% Add 3% for each expansion The exchange publishes quarterly
Trading Months: 3,6,9,12 Local Trading Hours: 07:45~14:45 Cancellation is not allowed 1 minute before the opening T+1 electronic disk 16:00 ~ 05:00 Cancellation is not allowed 1 minute before opening and closing T and T+1 last five minutes call auction
$ JPX-Nikkei Index 400 Futures (JNK)	Futures	Index*100 yen	5 points = 500 yen	futures 8%,12%,16% option 1~50 points 4% 50~200 points 6% 200~500 points 8% 500 points or more 11% Add 3% for each expansion The exchange publishes quarterly
Trading Months: 3,6,9,12 Local Trading Hours: 07:45~14:45 Cancellation is not allowed 1 minute before the opening T+1 electronic disk 16:00 ~ 05:00 Cancellation is not allowed 1 minute before opening and closing T and T+1 last five minutes call auction
# 10Year Japanese Govt Bond (JGB)	Futures	100 million yen	0.01 yen =10,000 yen	2.00 ¥、3.00 ¥
Trading Months: 3,6,9,12 Local Trading Hours: 07:45~10:02, 11:30~14:02 Call auction in the last two minutes T+1 electronic disk 14:30~05:00 T+1 collective bidding in the last five minutes
# Gold (JAU)	Futures	1kg	1 yen/gram = 1,000 yen	5%，10%，15%
Trading Months: Six consecutive even-numbered months Local Trading Hours: 07:45-14:45 Cancellations not allowed during the last minute before opening T+1 electronic trading 16:00 ~ 05:00 Cancellations not allowed during the last minute before opening and closing Final five minutes of T and T+1: Call auction
$ MINI GOLD (JAM)	Futures	100 grams	0.5 yen/gram =50 yen	5%，10%，15%
Trading Months: Six consecutive even-numbered months Local Trading Hours: 07:45-14:45 Cancellations not allowed during the last minute before opening T+1 electronic trading 16:00 ~ 05:00 Cancellations not allowed during the last minute before opening and closing Final five minutes of T and T+1: Call auction
# SILIVER (Not open yet) (JSV)	Futures	10kg Contract starting from June 24 30kg	0.1 yen/1 gram =1000 yen Contract starting from June 24 =3000 yen	10%，20 %，30%
Trading Months: Six consecutive even-numbered months Local Trading Hours: 07:45-14:45 Cancellations not allowed during the last minute before opening T+1 electronic trading 16:00 ~ 05:00 Cancellations not allowed during the last minute before opening and closing Final five minutes of T and T+1: Call auction
# Platinum (Not open yet) (JPL)	Futures	500 grams	1 yen/gram =500 yen	10%， 20%，30%
Trading Months: Six consecutive even-numbered months Local Trading Hours: 07:45-14:45 Cancellations not allowed during the last minute before opening T+1 electronic trading 16:00 ~ 05:00 Cancellations not allowed during the last minute before opening and closing Final five minutes of T and T+1: Call auction
$ Mini Platinum (Not open yet) (JPM)	Futures	100 grams	0.5 yen/gram =50 yen	10%， 20%，30%
Trading Months: Six consecutive even-numbered months Local Trading Hours: 07:45-14:45 Cancellations not allowed during the last minute before opening T+1 electronic trading 16:00 ~ 05:00 Cancellations not allowed during the last minute before opening and closing Final five minutes of T and T+1: Call auction
# Palladium (Not open yet) (JPA)	Futures	500 grams Contract starting from June 24 3kg	1 yen/gram =500 yen Contract starting from June 24 =3000 yen	10%，15%，20%
Trading Months: Six consecutive even-numbered months Local Trading Hours: 07:45-14:45 Cancellations not allowed during the last minute before opening T+1 electronic trading 11/5: 16:00 ~ 05:00 Cancellations not allowed during the last minute before opening and closing Final five minutes of T and T+1: Call auction
# Natural Rubber (JRU)	Futures	5,000kg	0.1 yen/kg =500 yen	10%
Trading Months: Continuous twelve months Main focus on the 5th and 6th months Local Trading Hours: 08:00-14:45 Cancellations not allowed during the last minute before opening T+1 electronic trading 16:00 ~ 18:00 Cancellations not allowed during the last minute before opening and closing Final five minutes of T and T+1: Call auction
# U.S Soybean (JAS)	Futures	25 metric tons	10 yen/metric ton =250 yen	10%
Trading Months: Six consecutive even-numbered months Local Trading Hours: 07:45-14:45 Cancellations not allowed during the last minute before opening T+1 electronic trading 16:00-05:00 Cancellations not allowed during the last minute before opening and closing Final five minutes of T and T+1: Call auction
# Corn (JCR)	Futures	50 metric tons	10 yen/metric ton =500 yen	8%
Trading Months: Six consecutive odd-numbered months Local Trading Hours: 07:45-14:45 Cancellations not allowed during the last minute before opening T+1 electronic trading 16:00-05:00 Cancellations not allowed during the last minute before opening and closing Final five minutes of T and T+1: Call auction
# RED BEANS (JRB)	Futures	2400kg =80 bags	10 yen/30kg =800 yen	8%
Trading Months: Continuous six months Local Trading Hours: 07:45-14:45 Cancellations not allowed during the last minute before opening T+1 electronic trading 16:00-05:00 Cancellations not allowed during the last minute before opening and closing Final five minutes of T and T+1: Call auction

For the trading months of options, please refer to the list of Last Trading Day. All of the above are in daylight saving time. For most of U.S., European, and Australian products, trading hours will be delayed by one hour during winter time.
According to the account opening and entrustment contract with our company, physical delivery of foreign futures contracts may not be accepted. Traders are required to close out positions within the timeframe specified by the company. Otherwise, the company reserves the right to offset positions upon expiration.
If electronic closeout is unavailable after the first notice day, please contact the trading desk at +886-2-2755-1326.
For cash-settled products, cash settlement will be executed after the market close on the last trading day in accordance with exchange rules.

Notes:

* A # before the product name indicates a physically delivered futures contract or futures options, while a $ indicates a cash-settled futures contract or cash options.

* Daily margin link; OSE rules; Reporting of Large Positions for JGB futures

* (Limit Up/Down): When the primary futures month reaches the limit, trading in all months and options is suspended for 10 minutes, after which the limit is expanded to the next level (excluding rubber and agricultural products, which do not expand). However, if this occurs within the last 20 minutes before market close or if deemed inappropriate by the exchange, trading will not be suspended. Price Limits/ Circuit Breaker Rule

* DCB：Duration of the temporary trading halt is at least 30 seconds (15 seconds for index options ). The trade halt will continue until the matching price falls within the DCB Price Range. Immediately Executable Price Range Rule (Dynamic Circuit Breaker (DCB))

* Closing Call Auction: For index-type instruments during the last 5 minutes of T and T+1 sessions, and for bond-type instruments during the last 2 minutes of the T session and the last 5 minutes of the T+1 session, call auctions do not accept 'spread orders.'

* Market Orders: Executed on a FaK (Fill and Kill) basis, matching as many contracts as possible, with any unfilled contracts automatically canceled.

* Limit Orders: Executed on a FaS (Fill and Store) basis, matching as many contracts as possible, with unfilled contracts remaining valid and available for trading within their validity period.

* Market with Protection: Immediately Executable Price Range Rule (Dynamic Circuit Breaker, DCB) When a trade is about to be matched beyond the DCB price range, the system will halt trading for at least 30 seconds before resuming the matching process. Market orders and stop-market orders placed with Fill-and-Kill (FaK) instructions will be automatically canceled if triggered during the halt. However, any market or stop-market orders placed during the suspension remain valid.

* DCB: Index is ± 0.8%, JGB is ± 0.1 ¥.

*(Final Settlement Price): The stock price index is calculated using Special Quotation, which is based on the individual opening prices of each component stock on the second business day following the last trading day.
*Options: Margin is calculated based on the announced NK225 guarantee for each exercise price. Daily margin announcement link.
*Day trading orders executed after 30 minutes before the product's closing will be offset to above the original margin. Customers are advised not to place closing orders after 30 minutes before the closing; if customers execute closing actions after 30 minutes prior to closing, they are responsible for any repeated positions! No day trading orders are accepted on the last trading day for cash-settled products.
*Market quotation information for related listed products at JPX Exchange is provided by Nissan Securities.

For detailed information, please refer to the websites of each exchange. This information is for reference only, and any relevant details are subject to exchange announcements. Users are responsible for any losses incurred from trading based on this information.