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In order to effectively improve the functions of gold market infrastructure, accurately serve market participants, and effectively perform the duties of a qualified central counterparty, Shanghai Gold Exchange is going to launch performance-guarantee price asking trading on September 22, 2022. Details are as follows:
1.In order to support the launch of performance-guaranteed Price Asking Trading, the Detailed Rules for Performance-Guarantee Price Asking Trading of Shanghai Gold Exchange and the Supplementary Provisions for Performance-Guarantee Price Asking Spot, Forward, and Swap Contracts of Shanghai Gold Exchange are now released to the market. (Appendix 1 and 2) and Guidelines for Participating in Performance-Guarantee Price Asking Transactions of Shanghai Gold Exchange (Appendix 3), all relevant market participants shall follow the above.
2.The listed contract of performance-guarantee price asking trading is CAu99.99, and the corresponding deliverable bullion is Au99.99.
3.The proprietary seats of market participants with the intention to participate in performance-guarantee price asking trading shall apply for access of performance-guarantee price asking trading according to rules and regulations of performance-guarantee price asking trading.
4.The reference price and settlement price of CAu99.99 contract of listing day are calculated and determined by the corresponding "Shanghai Gold" benchmark price PM and SGE gold price forward curve(deliverable bullion of Au99.99).
5.The margin and fee schedule of performance-guarantee price asking trading are as follows：
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Schedule |
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Margin, Penalty |
Margin：45,000 yuan/lot Penalty：30,000 yuan/lot |
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Transaction fee |
Spot, Forward：115 yuan/lot Swap：[TOM, SPOT]：1.5 yuan/lot （SPOT, 2W]：6 yuan/lot (2W, +∞)：150 yuan/lot From listing date to December 31, 2022, the transaction fee of the performance-guarantee price asking trading will be temporarily exempted. |
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Position limit |
Per proprietary seat：4,000lots |
Contact: 021-33128884, 021-33128676
Appendix
1、Detailed Rules for Performance-Guarantee Price Asking Trading of Shanghai Gold Exchange
2、Supplementary Provisions for Performance-Guarantee Price Asking Spot, Forward, and Swap Contracts of Shanghai Gold Exchange
3、Guidelines for Participating in Performance-Guarantee Price Asking Transactions of Shanghai Gold Exchange
