To whom it may concern:

To meet investor needs and improve market efficiency, Shanghai International Energy Exchange (hereinafter referred to as the Exchange) will offer Trade at Settlement (hereinafter referred to as TAS) orders starting from 9:00 a.m., October 12, 2020.

TAS order is only available to the first and the second nearby crude oil futures contracts (hereinafter referred to as the eligible contracts), and is only for the current day’s settlement price of the eligible contract. TAS order will no longer be available after the market closes on the eighth trading day preceding the last trading day of the eligible contract. Please see the appendix for more details of this order.

Any adjustment shall be announced by the Exchange.

Appendix: Instructions on Trade at Settlement (TAS) Orders

Shanghai International Energy Exchange
September 28, 2020