Since October 19, 2020, government bonds will be accepted by Shanghai Futures Exchange (SHFE) as margin collaterals. In compliance with the Clearing Rules of the Shanghai Futures Exchange, SHFE hereby notifies the relevant issues as follows:

1. Processing Time

The application for posting or withdrawal of government bonds as margin collaterals shall be submitted to SHFE before 2:30 pm on each trading day.
Detailed processing time as follows: 

2. Fees

For government bonds posted as collateral, the fee rate is 5 basis points (annualized). Fees will be calculated based on the daily value after haircut and collected monthly.

For standard warrants posted as collateral, the fee rate is 50 basis points (annualized). Fees will be calculated based on the daily value after haircut and collected monthly.

Shanghai Futures Exchange
September 24, 2020