FROM: Shanghai Futures Exchange

TO: All Members

SUBJECT: Notice on the Adjustments to Transaction Fees and Margin Requirements on Fuel Oil Contracts

FILING SERIAL: SQF [2017] NO. 142

Upon our consideration, it has been decided that the following adjustments shall be made to the transaction fees and margin requirement on fuel oil contracts in accordance with Article 4 of the Risk Management Rules of Shanghai Futures Exchange: 

Effective from the time of market closing on September 1, 2017, the margin requirements on fuel oil contracts shall be adjusted from 20% to 40%, and the transacation fees shall be adjusted from 0.2? of the turnover to 2‰ of the turnover.