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Notification on Adjusting Margin Rates and Price Limits on Deferred Contracts

Date: 2020-10-09

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All members,

The trading of gold and silver deferred contracts tends to be stable after market reopens on October 9th , 2020 (Friday), . According to the “Measures for the Administration of Risk Control of the Shanghai Gold Exchange”, SGE is going to adjust trading margins and price limits of the deferred contracts including Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, NYAuTN12 and Ag(T+D). Please find detailed information below:

As of after-hours clearing on October 9th , 2020 (Friday), margin rates for Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, NYAuTN12 will be adjusted from 14% to 12%, and the price limits will be adjusted from 13% to 11% starting from the following trading day. Margin rate for Ag(T+D) will be adjusted from 19% to 16%, and the price limit will be adjusted from 18% to 15% starting from the following trading day.

All members are supposed to properly manage the risk, and duly adjust the margin rates based on your customers’ positions and risk exposures. Please kindly remind your customers of market risk, make rational investment and position management, so as to ensure the healthy and stable operation of the market.

Shanghai Gold Exchange
October 9th, 2020

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