The circuit breaker (“CB”) for Rice futures for the Clearing Period of August 10,2011 shall be as follows:
- The base price for the CB level:
The settlement price of the August 9 clearing period (JPY16,950 for the Nov. ’11 contract month, JPY16,120 for Dec. ’11 and JPY15,870 for Jan. ’12) - The initial CB shall be JPY400 and expanded CB level shall be JPY400.
*In a clearing period where the initial circuit breaker and the expanded circuit has been enlarged and the settlement price has reached the upper limit or lower limit of the circuit breaker level for 1 contract month or less (excluding the spot month), the initial circuit
breaker of the following clearing period shall be as follows:
- If the initial circuit breaker of the clearing period is JPY500, then the initial circuit breaker of the following clearing period JPY400.
- If the initial circuit breaker of the clearing period is JPY400, then the initial circuit breaker of the following clearing period JPY300.
However, if the Exchange deems it necessary, the suspension time and expanded circuit breaker may change.