Click on the link below for margin requirements and other contract information for products listed on overseas exchanges.

 http://www.commodity.co.jp/english/pdf/English_Product_List.pdf

Click on the link below to see the current margin requirements based on SPAN parameters for all TOCOM listed contracts:

https://trading.commodity.co.jp/online/userbox/SPANParameter.pdf

Commodity futures trading utilizes leverage as only a small percentage of the actual value of the contract is required to open a new position (generally between 3-20%) and is referred to as “initial margin”. Additionally, if a client has an open position in the nearby contract nearest expiration, additional spot month margin is sometimes required by the exchange or broker. Also, if the market moves against a client’s position and the net asset value of the account falls below the minimum required margin amount as calculated by the overall portfolio risk formula based on SPAN margin parameters, the client is required to deposit additional margin into their account within the deadline designated by Dot Commodity to maintain their open positions. This is referred to as a “margin call”. Clients are notified of a margin call only through the e-Formula trading system. The times and deadlines for margin calls are as follows:

TOCOM: Margin call notifications are sent out through the e-Formula trading system at about 4:30 p.m. (JST) and the deadline for remitting funds into the account is 8:40 a.m. (JST) the morning of the next business day.

Overseas Markets (CME Group, ICE, SGX):  Margin call notifications are sent out through the e-Formula trading system at about 8:30 a.m. (JST) and the deadline for remitting funds into the account is 5:00 p.m. (JST) the SAME business day.

If funds are not received by the above deadlines to bring the account into balance, all open positions of the client will be liquidated as a market order and any losses incurred will be the sole responsibility of the client.

You will be notified of a margin call only through the e-Formula trading system or by email for clients using an Independent Software Provider (ISV) at around the times listed below:

TOCOM: Margin call notifications are sent out through the e-Formula trading system or by email at about 4:45 p.m. (JST) and the deadline for remitting funds into the account is 8:40 a.m. (JST) the morning of the next business day.

Overseas Markets (CME Group, ICE, SGX):  Margin call notifications are sent out through the e-Formula trading system or by email at about 8:30 a.m. (JST) and the deadline for remitting funds into the account is 5:00 p.m. (JST) the SAME business day.

If funds are not received by the above deadlines to bring the account into balance, all open positions of the client will be liquidated as a market order and any losses incurred will be the sole responsibility of the client.

Therefore, it is necessary to check your account balances everyday  to check the status of your account.

The insufficient margin amount must be remitted to the bank account of Dot Commodity for deposit into your account by 8:40 a.m. the following business day for TOCOM positions after receiving notification of the margin call. For overwseas markets, the insufficient margin amount must be received by Dot Commodity by 5:00 p.m. on the same business day of receiving the margin call. If it is not possible to transfer the funds before the deadline you must liquidate some or all of your open positions to bring the account into balance before the deadline. If neither of these actions is taken, your open positions will be forcibly liquidated in the open market shortly after the deadline has passed as a market order and any losses thay may be incurred will be borne by the client.

All open positions will be forcibly liquidated after the deadline has passed as a market order and any losses that may be incurred will be borne by the client and normal commission fees will be charged.

If it is not possible to transfer the funds before the deadline you must liquidate some or all of your open positions to bring your account into balance before the deadline. If no action is taken, the client’s open positions will be forcibly liquidated as a market order after the deadline has passed and any losses that may be incurred will be borne by the client. Normal commission fees will apply.