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Operational Procedures for Settlement by Delivery Related to Commodity Futures Contracts

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Operational Procedures for Settlement by Delivery Related to Commodity Futures Contracts Operational Procedures for Settlement by Delivery related to Commodity Futures Contracts ＜September, 2021 Revised Version＞ All Rights Reserved, Copyright Ⓒ JPX Group, Inc. September, 2021 Revised Version Operational Procedures for Settlement by Delivery related to Commodity Futures Contracts Update History Version No. Effective Page No. Description (Summary) Date Draft Version 2020.3.24 Draft version published in March 2020 Version 1 2020.6.30 Established Version 1. December, 2020.11.13 Annex 1 Revised in association with the specification 2020 Revised change of the report on TOCOM-CUBE. Version April, 2021 2021.4.1 5, 7, 61 ・Revisions associated with Cessation of Six Cash- Revised Version settled Oil Futures Commodities ・ Revisions associated with the Demutualization of ODE July, 2021 2021.7.1 5, 11, 12 Revisions associated with revisions of Revised Version TOCOM Energy Delivery Detailed Rules and TOCOM Chukyo-oil Delivery Detailed Rules August, 2021 2021. 8. 10 3, 5,61 Revisions associated with the change in the Revised Version name of ODE September,2021 2021.9.21 10,11,52 Revised in association with the specification Revised Version change of TOCOM-CUBE. All Rights Reserved, Copyright © JPX Group, Inc. September, 2021 Revised Version 1 Operational Procedures for Settlement by Delivery related to Commodity Futures Contracts Table of Contents I. INTRODUCTION ................................................................................. 5 II. Outline of Settlement by Delivery of Commodity Futures Contracts ........... 5 1. Subject Transactions to Settlement by Delivery of Commodity Futures Contracts ............................. 5 (1) Subject Transactions ................................................................................................................... 5 (2) Type of Settlement by Delivery ................................................................................................... 6 2. Handling of Delivery/Receipt of Goods / Fund Settlement .............................................................. 8 (1) Delivery/Receipt of Goods .......................................................................................................... 8 (2) Fund Settlement ......................................................................................................................... 8 3. Margin related to Settlement by Delivery of Commodity Futures Contracts ...................................... 9 (1) Distribution of Delivery Clearing Margin Requirements ................................................................ 9 (2) Delivery Clearing Margin Application Period ............................................................................. 10 4. Utilization of TOCOM-CUBE in Settlement by Delivery of Commodity Futures Contracts ............. 11 5. Delivery / Quality Committee ..................................................................................................... 11 III. Precious Metal Market ........................................................................12 1. Good Delivery Materials / Warehouse Receipts ............................................................................ 12 2. Delivery Points / Approved Warehouses ...................................................................................... 14 3. Operational Procedures of Settlement by Delivery ........................................................................ 14 4. Other Matters to be Noted .......................................................................................................... 15 IV. Rubber Market (RSS3) ........................................................................17 1. Good Delivery Materials / Warehouse Receipts ............................................................................ 18 2. Delivery Points / Approved Warehouses*58 ................................................................................... 20 3. Operational Procedures of Settlement by Delivery ........................................................................ 20 4. Other Matters to be Noted .......................................................................................................... 21 V. Rubber Market (TSR20) .......................................................................23 1. Good Delivery Materials / Delivery Documents ........................................................................... 23 2. Delivery Point / Approved Warehouse*67 ..................................................................................... 24 3. Operational Procedures of Settlement by Delivery ........................................................................ 25 4. Other Matters to be Noted .......................................................................................................... 28 VI. Energy Market (Oil), Chukyo Oil Market ..............................................29 1. Requirement for Good Delivery Materials ................................................................................... 29 2. Delivery Point / Approved Warehouse*86 ..................................................................................... 31 3. Operational Procedures of Settlement by Delivery ........................................................................ 31 4. Other Matters to be Noted .......................................................................................................... 34 VII. Agricultural Market (Soybeans) ..........................................................37 1. Good Delivery Materials / Warehouse Receipts ............................................................................ 37 2. Delivery Point / Approved Warehouse ......................................................................................... 39 All Rights Reserved, Copyright © JPX Group, Inc. September, 2021 Revised Version 2 Operational Procedures for Settlement by Delivery related to Commodity Futures Contracts 3. Operational Procedures of Settlement by Delivery ........................................................................ 39 VIII. Agricultural Market (Azuki) ..............................................................41 1. Good Delivery Materials / Warehouse Receipts ............................................................................ 41 2. Delivery Point / Approved Warehouse ......................................................................................... 42 3. Operational Procedures of Settlement by Delivery ........................................................................ 43 IX. Agricultural Market (Corn) ..................................................................45 1. Good Delivery Materials / Delivery Documents ........................................................................... 45 2. Delivery Point / Approved Warehouse ......................................................................................... 46 3. Operational Procedures of Settlement by Delivery ........................................................................ 46 4. Other Matters to be Noted .......................................................................................................... 49 X. Other Operational Points of Attention concerning Settlement by Delivery of Commodity Futures Contracts ...................................................................50 1. Delivery Method other than Standard Delivery............................................................................. 50 (1) Settlement by Delivery through Early Delivery ........................................................................... 50 (2) Settlement by Delivery through Declared Delivery ..................................................................... 51 (3) Settlement by Delivery through Customized Delivery ................................................................. 52 (4) Settlement by Delivery via ADP ................................................................................................ 53 (5) Delivery on Request for Rolling Spot Futures Contract (Precious Metals)..................................... 53 (6) Delivery on Request in Energy Market ....................................................................................... 54 2. Close-out Quantity Report when Special Contracts are Entered into cCran ..................................... 55 3. Treatment when Participant Fails Delivery ................................................................................... 55 4. Handling of Claim of Deficiency ................................................................................................ 55 5. Loss or Damage after Submission of Delivery Goods ................................................................... 60 6. Handling of Inability to Deliver .................................................................................................. 60 XI. Handling of Osaka Dojima Exchange , Inc Listed Products .....................61 XII. Procedures upon Failure of TOCOM-CUBE and other System ...............62 1. Procedures upon Failure of TOCOM- CUBE ............................................................................... 62 2. Procedures upon Failure of Communication Devices on Participant Side ....................................... 62 Annex 1 Unit for Settlement of Delivery Payment Annex 2 List of Account for Payment of Delivery Payment Annex 3 List of Combination of Product/Method Subject to Delivery Clearing Margin Annex 4 Warehouse Storage Charge Collection Service Annex 5 Precious Metals
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