Shanghai International Energy Exchange (hereinafter referred to as “the Exchange”), the subsidiary of Shanghai Futures Exchange has released its circular on the Last Trading Day and Delivery Issues of SC1901 on December 7, 2018.
In accordance with Standard Crude Oil Futures Contract of the Shanghai International Energy Exchange, the Exchange notifies the adjustments of the last trading day, the delivery dates and the issues concerned for the crude oil futures contract SC1901 as follows:
1. The last trading day for SC1901 will be December 28, 2018, and the delivery dates will be 5 consecutive trading days after the last trading day.
2. In accordance with Circular on Price Limit Update for Crude Oil Futures Contracts SC1812 and SC1901 (INE Circular [2018] No.65), the price limit for SC1901 will be updated from ±8% to ±10% since December 26, 2018.
3. In accordance with the Article 142 of Delivery Rules of Shanghai International Energy Exchange, a natural person as a client shall close out all the positions of SC1901 before the market close on December 18, 2018.
Members shall remind the natural person clients to manage their positions by timely closing out.
4. In accordance with the Article 8 of Delivery Rules of the Shanghai International Energy Exchange, the clients who cannot issue or accept the prescribed invoices of the Exchange shall not make or take the crude oil futures delivery.
Members shall remind their clients of concerning rules and fully understand the clients' qualification and capability of delivery. Clients who cannot or will not make or take delivery shall be well reminded of the liquidity risk while approaching the delivery month. Clients intending to engage in the delivery shall complete the opening of standard warrant accounts through the Standard Warrant Management System. Clients as buyers shall get prepared for the payments, while clients as sellers shall get the standard warrants ready.
5. In accordance with the Article 31 of Delivery Rules of the Shanghai International Energy Exchange, the Exchange, in its sole discretion, may appoint specific Members, OSPs, Overseas Intermediaries or Clients to submit large trader position reports or other supporting materials.
Members shall know about their clients’ positions and manage risks in a sound manner.
All parties concerned shall abide by the relevant rules and make preparations for the sound delivery of SC1901.

Shanghai Futures Exchange
December 7, 2018