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Shanghai INE：adjust trading margin rates and price limits of futures contracts

All related parties,

　　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 and the price limit will be ±8% 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 and the price limit will be ±8% 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.
　　In the event of any inconsistency between the Chinese version and English translation, the Chinese version shall prevail.


For the Appendix please check http://www.ine.cn/upload/20200821/1598009147123.docx


For China derivatives market access and more market information please contact sherry_ustc@163.com

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