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Notice on Continuing to Strengthen Market Risk Control of Deferred Contracts

Date: 2022-03-09

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All Members,

In view of the recent sharp fluctuations in gold and silver prices, in accordance with the relevant provisions of the Measures for the Administration of Risk Control of Shanghai Gold Exchange, SGE will adjust the margin rate and price limit for deferred contracts. The relevant matters are hereby notified as follows:

As of after-hours clearing on March 10, 2022 (Thursday), the margin rate of the Ag (T+D) contract will be adjusted from 12% to 14%, and the price limit will be adjusted from 11% to 13% from the next trading day.

As of after-hours clearing on March 10, 2022 (Thursday), margin ratefor Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, NYAuTN12 contracts will be adjusted from 8% to 10%, and the price limit will be adjusted from 7% to 9%  from the next trading day.

All members shall properly control risk, adjust the margin rates based on customer’s position and risk exposure, remind investors to be prudent and rational during trading, and appropriately manage open interests so as to ensure healthy and stable operation of the market. 

Shanghai Gold Exchange

March 9, 2022

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