Shanghai International Energy Exchange has released its Circular on the Trading Margin Rates and Price Limits of Containerized Freight Index (Europe Service) Futures Contract as follows:
All related parties,
As from August 27, 2024, the trading margin rate of newly listed Containerized Freight Index (Europe Service) futures contract will be 18% of the contract value and the price limit will be ±16% from the settlement price of that day. On the first trading day, the price limit will be twice of that.
Please refer to the 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.
