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Updated on Mar 04,2022

Circular on Adjusting Trading Margin Rates and Price Limits of Futures Contracts

All related parties,
  In accordance with Risk Management Rules of the Shanghai International Energy Exchange, Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby notifies the trading adjustments as follows:
  As from March 7, 2022, 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 SC2204, SC2205, SC2206, LU2204, LU2205, LU2206 futures contracts will be 12% of the contract value and the price limit will be ±10% from the settlement price of that day.
  In the case that the above adjusted trading margin rates and price limits vary from the current ones, the higher ones will prevail.
  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 Futures Contracts

Shanghai International Energy Exchange
March 4, 2022
 

Appendix

The Adjustment of Trading Margin Rates and Price Limits of Futures Contracts 

Futures Contracts
Delivery Month
Price Limits(%)
Trading Margin Rates(%)
Before
After
Before
After
Crude Oil
(SC)
2204
8
10
10
12
2205
2206
Low Sulfur Fuel Oil(LU)
2204
8
10
10
12
2205
2206
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