Shanghai International Energy Exchange, the subsidiary of Shanghai Futures Exchange has released its Circular on Trading Margin Rate and Price Limit Updates of Crude Oil Futures Contracts on March 11, 2020.

 

The trading margin rate for crude oil futures contracts will be updated to 11% of the contract value and the price limit will be updated to ±10% from the settlement price of that day since the daily clearing process begins on March 11, 2020.

 

Please refer to Risk Management Rules of the Shanghai International Energy Exchange for implementing other provisions concerning the trading margin and the price limit.

 

In the event of any inconsistency between the Chinese version and English translation, the Chinese version shall prevail.