All members:

As the prices of gold and silver deferred contracts are stable in recent trading days, SGE will adjust the margin rates and price limits of Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, NYAuTN12 and Ag(T+D) according to the Measures for the Administration of Risk Control of the Shanghai Gold Exchange. Detailed adjustments are as below:

As of after-hours clearing on October 8th (Friday) 2021, margin rates of Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, NYAuTN12 will be reduced from 10% to 8%, and the price limits will be reduced from 9% to 7% starting from the following trading day; margin rate of Ag(T+D) will be reduced from 14% to 12%, and the price limit will be reduced from 13% to 11% starting from the following trading day.

Please properly control the market risk, duly adjust margin requirements based on your customers’ positions and risk profiles; remind your investors to keep prudent and rational during trading, and appropriately manage positions so as to ensure the healthy and stable operation of the market.