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Adjustment notice of trading margin rate and price limit during Spring Festival 2019

Fang submitted 2019-01-28 16:19:20

Spring Festival vacation: Feb 2 to Feb 10, 9 days altogether. Among which, Feb 4 and Feb 10 are the legal holiday. Feb 2 (Saturday) and Feb 3, 2019 (Sunday) are the weekends. Feb. 11 will be our first normal working day.

The market will be closed from 3:00 p.m. of February 1, 2019 to February 10, 2019.

The market will resume trading on February 11, 2019 with the central auction session from 8:55 a.m. to 9:00 a.m. and the continuous trading on the night of that day.

According to the Measures for Risk Management of Dalian Commodity Exchange, hereby notifies the trading adjustments for the Spring Festival 2019 as follows:

For Iron Ore futures, since Thursday, January 31, 2019, DCE will adjust the trading margin rate to 10%,and the price limit to ±8%;

The market will resume trading on Monday, February 11, 2019. As from the first trading day without the Limit-locked market of the two contracts with the largest holdings of each variety. the trading margin rate and the price limit will return to the original levels since the daily clearing process begins.

E.g.: the iron ore futures the trading margin rate and the price limit will return to 8% and ±6%.

http://www.dce.com.cn/dalianshangpin/yw/fw/jystz/ywtz/6151670/index.html


According to the Measures for Risk Management of Zhengzhou Commodity Exchange, hereby notifies the trading adjustments for the Spring Festival 2019 as follows:

For PTA futures, since Thursday, January 31, 2019, ZCE will adjust the trading margin rate to 10% of the contract value, and the price limit to ±7% from the settlement price of that day since the daily clearing process begins.

The market will resume trading on Monday, February 11, 2019.As from the first trading day without the Limit-locked market of the two contracts with the largest holdings of each variety. the trading margin rate and the price limit will return to the original levels since the daily clearing process begins.

E.g.: the PTA futures the trading margin rate and the price limit will return to 6% and ±5%.

http://www.czce.com.cn/cn/rootfiles/2019/01/24/1545635513204984-1545635513223851.pdf


In accordance with Trading Schedule during National Holidays for Year 2019 and Risk Management Rules of the Shanghai International Energy Exchange, Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby notifies the trading adjustments of crude oil futures contracts for Spring Festival 2019 as follows:
1. The market will be closed from 3:00 p.m. of February 1, 2019 to February 10, 2019.
The market will resume trading on February 11, 2019 with the central auction session from 8:55 a.m. to 9:00 a.m. and the continuous trading on the night of that day.
2. If the Limit-locked market does not occur on January 31, 2019, INE will adjust the trading margin rate to 12% of the contract value and the price limit to ±10% from the settlement price of that day since the daily clearing process begins.
In the case that the above adjusted trading margin rate and price limit vary from the current ones, the higher ones will prevail.
3. The market will resume trading on February 11, 2019. As from the first trading day without the Limit-locked market, the trading margin rate and the price limit will return to 10% and ±8% respectively since the daily clearing process begins.
Please refer to Risk Management Rules of the Shanghai International Energy Exchange for implementing other provisions concerning the trading margin and the price limit.
All Members and Overseas Special Participants shall manage risks in a sound manner to ensure the smooth functioning of the market.
In the event of any inconsistency between the Chinese version and English translation, the Chinese version shall prevail.
http://www.ine.cn/en/news/notice/1386.html

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