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Notice on Customers' Opening of Trading Authority for Low-Sulfur Fuel Oil Futures

Fang submitted 2020-06-02 10:05:47

To Relevant Companies and Departments:

According to the general arrangement for the listing of low-sulfur fuel oil futures, from now on, eligible customers may apply to members of futures companies, overseas special broker participants and overseas intermediaries to open trading codes or open trading rights for low-sulfur fuel oil futures.
The client who would like to open the trading permission for low-sulfur fuel oil futures should meet the eligibility management standards stipulated in the "Futures Trading Participant Eligibility Management Rules of the Shanghai International Energy Exchange". Among them, the requirements for available funds should meet "the balance of available funds in the margin account shall not be less than 100,000 RMB or equivalent foreign currency for five consecutive trading days before applying for opening a transaction code or opening a trading authority."
Futures company members, overseas special brokerage participants, and overseas intermediaries should implement in accordance with the relevant provisions of the "Shanghai International Energy Exchange Center Futures Trader Suitability Management Rules" and "Shanghai International Energy Exchange Center Futures Trader Suitability System Operation Guidelines" These participants should implement the appropriate management requirements for futures traders.

Hereby notified.

Shanghai International Energy Exchange Center
May 29, 2020

Source: Shanghai Futures Exchange






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