Tokyo Grain Exchange Azuki (Red Bean)

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TGE Azuki (Red Bean) futures trade on the Tokyo Grain Exchange (TGE). They were launched on October 10, 1952[1].

Each TGE Azuki (Red Bean) futures contract represents 2,400 kilograms (80 bags) of standard or deliverable Azuki (Red Bean), which is defined in accordance with the Exchange rules, and its delivery date is set as the business day prior to the last business day of the delivery month (December 24th for the December contract; if not a business day, the delivery day is moved up to the nearest business day).

As of July 2008, each TGE Azuki (Red Bean) futures contract is subject to a margin rate of 82,000 yen (122,000 yen after July 15) for the spot month and 62,000 yen for the next month, and 42,000 yen for the other months.

In June 2008, TGE Azuki (Red Bean) futures traded 29,408 contracts (-21 percent YOY) and its turnover amounted to 50.3 billion yen (+4.2 percent YOY).



TGE Azuki (Red Bean) futures
Exchange Tokyo Grain Exchange
Settlement Physically delivered
Contract Size 2,400 kilograms (80 bags)
Pricing Unit ¥80 per contract
Tick Value ¥800 per contract
Contract Months 6 consecutive months
Last Trading Day Two business days prior to the delivery day.
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A 9:00 a.m., 11:00 a.m., 1:00 p.m. and 3:00 p.m.
  • 9:00 a.m. and 11:00 a.m. on the last trading day
Ticker Symbol N/A N/A
Price Limits N/A
  • Contracts of under ¥8,000 = ¥300
  • Contracts from ¥8,000 to ¥16,000 = ¥350
  • Contracts of ¥16,000 or more = ¥400
  • No price limits in the spot month from the 15th of the delivery month.

Notes

Resources

Tokyo Grain Exchange Azuki (Red Bean) Futures Contract Specifications

References

  1. Azuki (Red Bean) Futures Contract Specifications. Tokyo Grain Exchange.