Shanghai International Energy Exchange has released its Circular on Adjusting Trading Margin Rates and Price Limits of SCFIS(Europe) Futures Contracts as follows:

All related parties,

Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby notifies the trading adjustments as follows:

As from December 27, 2023, INE will adjust the trading margin rates and the price limits for the contracts listed below since the daily clearing process begins:

The trading margin rate of EC2404, EC2406 futures contracts will be 22% of the contract value and the price limit will be ±20% from the settlement price of that day.

The trading margin rate of EC2408, EC2410, EC2412 futures contracts will be 20% of the contract value and the price limit will be ±18% from the settlement price of that day.

In case of the situation stipulated in Article 16 of Risk Management Rules of the Shanghai International Energy Exchange. the trading margin rates and the price limits will be adjusted on the basis of the above mentioned parameters.

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

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

Appendix: The Adjustment of Trading Margin Rates and Price Limits of SCFIS(Europe) Futures Contracts

Shanghai International Energy Exchange
December 27, 2023