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DCE: Notice on Matters Concerning Foreign Traders Participating in RBD Palm Olein Futures Trading

 With the approval of the China Securities Regulatory Commission (CSRC), RBD palm olein futures is determined to be a specific domestic product. Dalian Commodity Exchange (DCE) will introduce foreign traders to participate in RBD palm olein futures trading. The relevant matters are notified as follows:

1. Implementation Time

From 09:00 on December 22, 2020 Beijing time.

2. Contracts for Trading

P2101 and subsequent contracts.

3. Matters Concerning Foreign Exchange Funds as Margin

Foreign traders can use RMB, standard warehouse warrants, treasury bonds and foreign exchange funds as margin.

Currently, the currency of foreign exchange that can be used as margin is US dollars, with a haircut of 5%.

Before market close of the day, the market value of foreign exchange should be calculated based on the China Foreign Exchange Trade System (CFETS) CNY Central Parity Rate published on the previous trading day.

At daily settlement, the current-day CNY Central Parity Rate published by the CFETS should be used as the benchmark price for calculating the market value of the foreign exchange and adjust the value after haircut.

All relevant entities are requested to make preparations, strengthen risk prevention, and ensure the smooth operation of the market.


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

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