Shanghai International Energy Exchange has released its Circular on Adjusting Trading Margin Rates and Price Limits of Containerized Freight Index (Europe Service) 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 June 24, 2024, 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 EC2502, EC2504 futures contracts will be 18% of the contract value and the price limit will be ±16% 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 Adjustments of Trading Margin Rates and Price Limits of Containerized Freight Index (Europe Service) Futures Contracts

Shanghai International Energy Exchange
June 20, 2024