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Notification on Market Risk Control during Chinese New Year 2017

Date: 2017-01-19

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Dear Members,

According to the holiday schedule issued by SGE, the market will be closed from January 27th (Friday) to February 2nd (Thursday), and there will be no evening trading session on January 26th (Thursday). The market will be opened on February 3rd (Friday).
Detailed adjustments of margin rates and price limits for deferred contracts are hereby set as below.
As of after-hours clearing on January 25th 2016 (Wednesday):

List of Contracts Margin Rates Adjustments Price Limits Adjustments
Au(T+D), Au(T+N1),
Au(T+N2) , mAu(T+D)
will be adjusted
from 7% to 11%
will be adjusted from 6% to 10%
(starting from the next trading day)
Ag(T+D) will be adjusted
from 9% to 13%
will be adjusted from 8% to 12%
(starting from the next trading day)

Note: When a Limit-Locked Market occurs for a specific deferred contract on January 25th 2016 (Wednesday), the margin rate and price limit of the contract will be calculated according to the Measures for the Administration of Risk Control of SGE. SGE will adopt the margin rate and price limit of the higher level for the contract.

After trading resumes on February 3rd (Friday), as of the first trading day when a Limit-Locked Market does not occur:

List of Contracts Margin Rates Adjustments Price Limits Adjustments
Au(T+D), Au(T+N1),
Au(T+N2) , mAu(T+D)
will be restored to 7%
will be restored to 6%
(starting from the next trading day)
Ag(T+D) will be restored to 9%
will be restored to 8%
(starting from the next trading day)

Thank You.






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