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Notice on Transaction Fee Rates Adjustment in 2023

Date: 2022-12-27

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All Members,

In order to implement the major decisions and arrangements of the Party Central Committee, the State Council and the Party committee of the People's Bank of China on financial support for the real economy, Shanghai Gold Exchange will continue to take various measures in 2023 to reduce the transaction cost of investors, effectively improve the market liquidity, implement the purpose of serving the industry, the market and the members, and ensure the sustainable and healthy development of market. The specific measures are as follows:
From January 1, 2023 to December 31, 2023, the transaction fee rates of Au(T+D), mAu(T+D) and Ag(T+D) will be 0.015%, the transaction fee rates of Au(T+N1), Au(T+N2), NYAuTN06 and NYAuTN12 will be 0.01%.
From January 1, 2023 to December 31, 2023, the transaction fee rates of physical gold products including Au99.99、Au99.95、Au100g、Au99.5 will be ?0.03%. Meanwhile, SGE will also continue to exempt members from transaction fee of Ag99.99 during such period.
From January 1, 2023 to December 31, 2023, members are exempted from transaction fee of Shanghai Gold and Shanghai Silver benchmark price trading contracts, performance-guarantee price asking trading contracts and PGC30g contract.?
From January 1, 2023 to December 31, 2023, the transaction fee rates of International Board price matching contracts including iAu99.99, iAu99.5, and iAu100g will be 0.005%. Meanwhile, the transaction fee rates of International Board price asking contracts including spot/forward transactions ofiPAu99.99, iPAu99.5 and iPAu100g with physical delivery will be 0.01%, while the transaction fee with cash settlement will be waived.
From January 1, 2023 to December 31, 2023, for international members participating in the International Board price asking contract iPAu99.99, iPAu99.5 and iPAu100g swap transactions with physical delivery, the discounted rate will be applied based on the far leg maturity date in SGE system, details are as follows: TOM (inclusive) to SPOT (inclusive) fee rate is 0.0002%, 1D (inclusive) to 2W (excluded) fee rate is 0.001%, 2W (inclusive) to 3W (excluded) fee rate is 0.0025%, 3W (inclusive) to 2M (excluded) fee rate is 0.005%, and 2M (inclusive) or above fee rate remains unchanged at 0.01%.
SGE hereby notifies the above.

Shanghai Gold Exchange
December 23, 2022

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