All Members,
In accordance with the relevant provisions of the Measures for the Administration of Inventory Swaps of the Shanghai Gold Exchange (Amended) and the Measures for the Administration of Safe Deposit Vaults of Shanghai Gold Exchange (Amended in November 2019), SGE will charge members and customers a transfer fee for inventory swaps of gold and clearings and transfers of Safe Deposit Vault bullions for OTC trades. The collection period will start when the end-of-day clearing is over on the last trading day in December of 2024. The transfer fee rate will be RMB 12/kg , payable to SGE by both parties to the relevant transaction based on the weight of the bullions involved.