Rules & Regulations
Rules & Regulations(Translation)
While the originals of TFX's rules, regulations and forms of agreements are prepared in Japanese only, the English translations are provided on this website for reference purpose.
Rules & Regulations
| No |
File Name |
Format |
Effective Date |
| a-01 |
Articles of Incorporation |
PDF204KB |
June 22, 2011 |
| a-02 |
Trading Member Regulations |
PDF400KB |
June 9, 2017 |
| a-03 |
Trading Regulations |
PDF445KB |
June 9, 2017 |
| a-04 |
Special Provisions for Trading Regulations for FX Daily Futures Transactions |
PDF276KB |
June 9, 2017 |
| a-05 |
Special Provisions for Trading Regulations for Equity Index Daily Futures Transactions |
PDF229KB |
June 9, 2017 |
| a-06 |
Brokering Terms |
PDF291KB |
June 26, 2017 |
| a-07 |
Special Provisions for Trading Regulations and Brokering Terms for Options |
PDF222KB |
June 9, 2017 |
| a-08 |
Clearing Regulations |
PDF691KB |
June 9, 2017 |
| a-09 |
Regulations for Margin and Unsettled Market Derivatives Contracts |
PDF353KB |
June 9, 2017 |
| a-10 |
Regulations for Margin and Unsettled Contracts for FX Daily Futures Transactions |
PDF309KB |
June 26, 2017 |
| a-11 |
Regulations for Margin and Unsettled Contracts for Equity Index Daily Futures Transactions |
PDF224KB |
June 26, 2017 |
Rules & Regulations related to Articles of Incorporation
| No |
File Name |
Format |
Effective Date |
| b-01 |
Rules for Advisory Committees |
PDF160KB |
October 1, 2010 |
Rules & Regulations related to Trading Member Regulations
| No |
File Name |
Format |
Effective Date |
| b-02 |
Enforcement Regulations for Trading Member Regulations |
PDF318KB |
February 27,2017 |
| b-03 |
Schedule of Default Interest Rates under TFX Clearing Agreement |
PDF35KB |
February 27,2017 |
| b-04 |
Regulations for Eligible Securities for Market Entry Deposit |
PDF392KB |
January 10, 2017 |
| b-05 |
Inspection Regulations |
PDF106KB |
September 30, 2007 |
| b-06 |
Mediation Regulations |
PDF18KB |
April 1, 2004 |
| b-07 |
Joint Mediation Regulations |
PDF11KB |
April 1, 2004 |
| b-08 |
Regulations for Trading Registration Fees and Other Charges |
PDF248KB |
February 27,2017 |
Rules & Regulations related to Trading Regulations
| No |
File Name |
Format |
Effective Date |
| b-09 |
Enforcement Regulations for Trading Regulations |
PDF143KB |
February 27,2017 |
| b-10 |
Enforcement Regulations for Special Provisions for Trading Regulations for FX Daily Futures Transactions |
PDF177KB |
August 1, 2011 |
| b-11 |
Enforcement Regulations for Special Provisions for Trading Regulations for Equity Index Daily Futures Transactions |
PDF127KB |
June 27,2017 |
| b-12 |
Market Maker Regulations |
PDF149KB |
April 23,2012 |
| b-13 |
Market-Making Regulations for FX Daily Futures Transactions |
PDF104KB |
October 27, 2008 |
| b-14 |
Market-Making Regulations for Equity Index Daily Futures Transactions |
PDF42KB |
June 27,2017 |
Rules & Regulations related to Brokering Terms
| No |
File Name |
Format |
Effective Date |
| b-15 |
Schedule of Default Interst Rates under the Agreement concerning Establishment of Interest Rate Futures Transactions Account, the Agreement concerning Establishment ofFX Daily Futures Transactions Account and the Agreement concerning Establishment of Equity Index Daily Futures Transactions |
PDF70KB |
October 1, 2010 |
Rules & Regulations related to Special Provisions for Options
| No |
File Name |
Format |
Effective Date |
| b-16 |
Enforcement Regulations for Special Provisions for Trading Regulations and Brokering Terms for Options |
PDF143KB |
February 3,2014 |
Rules & Regulations related to Clearing Regulations
| No |
File Name |
Format |
Effective Date |
| b-17 |
Enforcement Regulations for Clearing Regulations |
PDF399KB |
February 27,2017 |
| b-18 |
Regulations for Eligible Securities for Clearing Deposit |
PDF139KB |
February 27,2017 |
| b-19 |
Japanese Yen Settlement Regulations |
PDF223KB |
April 23,2012 |
| b-20 |
Enforcement Regulations for Regulations for Margin and Unsettled Market Derivatives Contracts |
PDF149KB |
December 1, 2011 |
| b-21 |
FX Exchange Margin Settlement Regulations |
PDF188KB |
February 27,2017 |
| b-22 |
Equity Index Exchange Margin Settlement Regulations |
PDF258KB |
February 27,2017 |
| b-23 |
Percentage Figures to Calculate FX Margin Reference Amount for Individual Customer |
PDF71KB |
August 1, 2011 |
As of June 30, 2017
Forms of Agreements(Translation)
| No |
File Name |
Format |
Effective Date |
| c-01 |
TFX Clearing Agreement(Interest Rate Futures contracts version) |
Word116KB |
October 1, 2010 |
| c-02 |
Agreement concerning Establishment of Interest Rate
Futures Transactions Account *1 |
Word82KB |
October 1, 2010 |
| c-03 |
TFX Clearing Agreement(FX Daily Futures contracts version) |
Word85KB |
February 27,2017 |
| c-04 |
TFX Clearing Agreement(Equity Index Daily Futures contracts version) |
Word85KB |
February 27,2017 |
∗1 The document entitled 'Agreement concerning Establishment of Interest Rate Futures Transactions Account' is not a translation and is in its original form. This document was submitted to the FSA independently.
Before starting give-up trades, a give-up agreement needs to be entered into among a Customer, an Executing Member and a Carrying Member to specify the fees, payment terms, conditions for the rejection of take-up trades, etc, in accordance with Article 7-4 of the Brokering Terms. The form of International Uniform Brokerage Execution Service (Give-up) Agreement prepared by FIA (Futures Industry Association) is available for reference and can be used as the give-up agreement among a Customer, an Executing Member and a Carrying Member if the parties agree so. For details, please see the following website (https://tech.fia.org/standard-give-agreements).
Outline of Rules(Translation)
| No |
File Name |
Format |
Effective Date |
| d-01 |
Outline for Three-month Euroyen Futures |
PDF259KB |
February 26, 2018 |
| d-02 |
Outline for Three-month Euroyen futures option contract |
PDF280KB |
July 24, 2017 |
| d-03 |
Outline for Six-month Euroyen LIBOR Futures |
PDF221KB |
April 1, 2014 |
| d-04 |
Outline for Over-Night Call Rate Futures |
PDF182KB |
December 24, 2015 |
| d-05 |
Outline for Margin Regulations (Interest Rate Futures contracts) |
PDF253KB |
March 20, 2014 |
| d-06 |
Block Trade Schemes |
PDF193KB |
February 3, 2014 |
| d-07 |
Outline of Rules for New TFX System on Interest Rate Futures Trading |
PDF433KB |
February 19,2014 |
The originals of all the rules, regulations, forms of agreements, and outline of rules of TFX have been prepared in the Japanese language only and the Japanese language texts shall govern for all purposes and in all respects.
Accordingly, all questions that may arise within or without courts of law in regard to the meaning of the words, provisions and stipulations of the rules, regulations and agreements shall be decided in accordance with the Japanese language texts.Whilst reasonable care has been taken to ensure that these translations are accurate and free from errors, no liability is accepted by TFX in any circumstances.
ICE BENCHMARK ADMINISTRATION LIMITED MAKES NO WARRANTY,EXPRESS OR IMPLIED, EITHER AS TO THE RESULTS TO BE OBTAINED FROM THE USE OF ICE LIBOR AND/OR THE FIGURE AT WHICH ICE LIBOR STANDS AT ANY PARTICULAR TIME ON ANY PARTICULAR DAY OR OTHERWISE. ICE BENCHMARK ADMINISTRATION LIMITED MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE FOR USE WITH RESPECT TO THE 6-MONTH EUROYEN LIBOR FUTURES.
