China INE to lower both margin and price limit for crude oil and fuel oil futures

Discussion in 'Commodity Futures' started by optquant, Aug 24, 2020.

  1. optquant

    optquant

    From https://qmhedging.blogspot.com/2020/08/shanghai-ineadjust-trading-margin-rates.html

    In accordance with Risk Management Rules of the Shanghai International Energy Exchange, Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby notifies the trading adjustments as follows:
      As from August 24, 2020, INE will adjust the trading margin rates and the price limits for the contracts listed below since the daily clearing process begins:
      The trading margin rate of Crude Oil Futures Contracts except for SC2009 will be 10% of the contract value (down from 12%) and the price limit will be ±8% ( down from ±10%) from the settlement price of that day.
      The trading margin rate of Low Sulfur Fuel Oil Futures Contracts will be 10% of the contract value (down from 12%) and the price limit will be ±8% ( down from ±10%) from the settlement price of that day.
      In the case that the above adjusted trading margin rate and price limit vary from the current ones, the higher ones will prevail.
      Please refer to Risk Management Rules of the Shanghai International Energy Exchange for implementing other provisions concerning the trading margin and the price limit.

    Currently foreign investors can trade crude oil, low sulfur fuel oil,PTA,No.20 natural rubber and iron ore futures in China market.

    for news about these futures, can check https://www.fangquant.com/node/daily-morning
     
  2. Sang15512

    Sang15512

    Great Information.Thanks for sharing