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INE:Trading Adjustments for the Mid-Autumn Festival and the National Day 2020

 Shanghai International Energy Exchange has released its Circular on Trading Adjustments for the Mid-Autumn Festival and the National Day 2020 as follows:

In accordance with the Trading Schedule during National Holidays for Year 2020, Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby notifies the trading adjustments for the Mid-Autumn Festival and the National Day 2020 as follows:

1. The market will be closed on September 27, 2020 and from 3:00 p.m. of September 30, 2020 to October 8, 2020.

The market will resume trading on October 9, 2020 with the central auction session from 8:55 a.m. to 9:00 a.m.

The market will be closed on October 10, 2020.

2. As from the first trading day without the Limit-locked market from September 29, 2020, INE will adjust the trading margin rates and the price limits for the contracts listed below when the daily clearing process begins:

The trading margin rate of TSR 20 Futures Contracts 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 Crude Oil Futures Contracts will be 13% of the contract value and the price limit will be ±11% from the settlement price of that day.

The trading margin rate of Low Sulfur Fuel Oil Futures Contracts will be 13% of the contract value and the price limit will be ±11% 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.

3. The market will resume trading on October 9, 2020. As from the first trading day without the Limit-locked market, INE will adjust the trading margin rates and the price limits for the contracts listed below when the daily clearing process begins:

The trading margin rate of TSR 20 Futures Contracts will return to 8% of the contract value and the price limit will be ±6% from the settlement price of that day.

The trading margin rate of Crude Oil Futures Contracts will return to 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 return to 10% of the contract value and the price limit will be ±8% from the settlement price of that day.

Please refer to the 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.

To read the appendix, please visit http://www.shfe.com.cn/en/AnnouncementandNews/SHFEAnnouncement/911338007.html


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

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