DCE:Notice on Charging the Order Submission Fee for RBD Palm Olein Futures Contracts

According to Article 38 of Measures for Clearing Management of Dalian Commodity Exchange, Exchange will collect the order submission fee for RBD Palm Olein futures, starting from the trading on December 23th, 2020 (namely, starting from the night trading session on December 22th,2020).

1. Applicable Object

Clients and non-futures company members who meet the submission fee threshold and daily traded more than 600 lots on RBD Palm Olein futures contracts. Market makers are exempt from order submission fee for market-making purpose.

2. Charging Standard

The order submission fee is charged daily, and the specific standards are as follows:

Order Submission Fee = the total lots placed on RBD palm olein futures contracts of non-futures company members or clients on the day × the charging standard of the day.

Daily Charging Standard
Order Traded Ratio（OTR）Message count	OTR≤1	OTR>1
Message count≤1000 times	0	0
1000 times < Message count≤1500 times	0	0.01 Yuan/lots
Message count >1500 times	0.01 Yuan/lots	0.02 Yuan/lots

Message Count = Order Submission Count+ Order Cancellation Count

OTR = Number of Orders /Traded Volume -1

For clients who have multiple trading code at different Futures Brokers, or clients and non-futures company members who have actual control relationship, the exchange shall calculate order submission count, order cancellation count, lots of orders, lots of order cancellation, traded volume and other indicators on a consolidated basis.

3. Collection Method

The submission fee shall be deducted from the member settlement reserve at the time of daily settlement.

4. Other Matters

In order to implement the above business, members shall complete the system upgrade before December 23th, 2020. For more details of the system upgrade, please confirm with the relevant system suppliers.

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

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