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Notification on Market Risk Control during Chinese New Year 2018

Date: 2018-02-06

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Dear Members,

According to the holiday schedule issued by SGE, the market will be closed from February 15th (Thursday) to February 21st (Wednesday), and there will be no evening trading session on February 14th (Wednesday). The market will be opened on February 22nd (Thursday).

To mitigate market risk during the holiday, SGE will adjust to the margin rates and price limits of deferred products according to Measures for the Administration of Risk Control of the Shanghai Gold Exchange. Detailed adjustment is hereby given as below:

1.As of after-hours clearing on February 13th 2018 (Tuesday), margin rates for Au(T+D), Au(T+N1), Au(T+N2) and mAu(T+D) will be adjusted from 7% to 10%, and their price limits will be adjusted from 6% to 9% starting from the next trading day. Margin rate for Ag(T+D) will be adjusted from 9% to 12%, and its price limit will be adjusted from 8% to 11% starting from the next trading day.

When a Limit-Locked Market occurs for a specific deferred product on February 13th 2018 (Tuesday), the margin rate and price limit of the product will be calculated according to the Measures for the Administration of Risk Control of the Shanghai Gold Exchange. The Exchange will adopt the margin rate and price limit of the higher level for the product.

2.After trading resumes on February 22nd (Thursday), as of the first trading day when a Limit-Locked Market does not occur, margin rates for Au(T+D), Au(T+N1), Au(T+N2) and mAu(T+D) will down to 6%, and their price limits will down to 5% starting from the next trading day. Margin rate for Ag(T+D) will down to 7%, and its price limit will down to 6% starting from the next trading day.

All members are requested to properly conduct risk control, duly increase margin requirement based on customers’ position and risk profile, and remind customers of risk control, prudent operation and rational investment.


Thank You.

Shanghai Gold Exchange
February 6th 2018




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