HOME
中文版

Notice on Market Risk Control During National Day of 2022

Date: 2022-09-27

Type size
S
M
L

All members,
According to the holiday schedule of SGE, the market will be closed from October 1 (Saturday) to October 9 (Sunday), the market will reopen on October 10 (Monday), and there will be no night trading session on September 30th (Friday). 
In order to prevent the fluctuation of gold and silver prices in the international market during the holiday period, according to the relevant provisions of the Measures for the Administration of Risk Control of Shanghai Gold Exchange, the exchange has adjusted the margin rate and price limit for gold and silver deferred contracts, as well as the margin for performance-guaranteed price asking contracts. The relevant matters are hereby notified as follows: 
1. As of after clearing on September 29, 2022 (Thursday), margin rate of Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, NYAuTN12 will be adjusted from 10% to 12%, and the price limit will be adjusted from 9% to 11% from the next trading day. The margin rate of Ag (T+D) will be adjusted from 14% to 16%, and the price limit will be adjusted from 13% to 15% from the next trading day. The margin of CAu99.99 contract will be adjusted from 45,000 yuan per lot to 50,000 yuan per lot.
If a limit-locked market occurs on September 29, higher margin rates and price limits between the rates mentioned above and the rates in accordance to the Measures for the Administration of Risk Control of the Shanghai Gold Exchange will be adopted.
2. After the resumption of trading on October 10, 2022 (Monday), margin rate of Au (T+D), mAu (T+D), Au (T +N1), Au(T+N2), NYAuTN06, NYAuTN12 will be restored to 10%, and price limit will be restored to 9%from the next trading day. Margin rate of Ag (T+D) will be restored to 14%, the price limit will be restored to 13% from the next trading day. The margin of CAu99.99 contract will be restored to 45,000 yuan per lot.
All members shall raise risk control awareness, make proper and detailed risk prevention plan, and remind investors of risk management, make rational position management and investment, so as to ensure the stable and healthy operation of the market.

 Shanghai Gold Exchange   
     September 27, 2022

Copyright © 2016 Shanghai Gold Exchange All rights reservedIPV6 Enabled