Trading Rules for Egg Futures

10:31, November 11, 2013    Sina Finance micro-blog

(1) Margin system The minimum trading margin of an egg futures contract is 5% of the contract value. The margin for newly opened positions shall be collected as the trading margin at the time of settlement on the previous trading day. The trading margin shall be managed at different levels. As the delivery period of futures contracts approaches and the amount of positions increases, the Exchange will gradually increase the proportion of trading margin.

Table 4.1: Trading Margin Collection Standards for Egg Futures Contracts Near the Delivery Period

Transaction period Transaction margin ratio
The tenth trading day of the month before the delivery month 10% of contract value
The first trading day of the delivery month 20% of contract value

Table 4.2: Margin collection standard when the position of egg futures contract changes

Bilateral position in contract month (N) Transaction margin ratio
N ≤ 80000 hands 5% of contract value
N> 80000 hands 7% of contract value

(2) Price limit system The price limit of the egg contract is 4% of the settlement price of the previous trading day, and the price limit of the delivery month is 6% of the settlement price of the previous trading day.

(3) The position limitation system refers to the maximum amount of a certain contractual speculative position that members or clients can hold according to the provisions of the Exchange and calculated unilaterally. The same customer has opened multiple transaction codes at different futures company members, and the total of all positions on each transaction code shall not exceed the position limit of one customer.

Table 4.3: Position limit of egg futures in different periods

  Members of futures companies Non members of futures companies customer
Unilateral position ≥ 15000 hands    
Limited warehouse unit

Transaction period

% hand hand
Contract general month 25%×N three hundred three hundred
From the first trading day of the month before the delivery month one hundred one hundred
From the tenth trading day of the month before the delivery month thirty thirty
Delivery month five five

Note: N is the position limit coefficient of members of futures companies.

The Exchange may adjust the proportion of its position limit according to the relevant conditions of the members of futures companies, and the measures will be announced separately.

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