Shanghai Gold Exchange: Notification On Adjusting Margin Rates And Price Limits On Deferred Contracts

After the market opens on May 6th , 2020 (Wednesday), the trading of gold and silver deferred contracts tends to be stable, according to the “Measures for the Administration of Risk Control of the Shanghai Gold Exchange”, SGE is going to adjust trading margins and price limits of the deferred contracts including Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, NYAuTN12 and Ag(T+D). Please find detailed information below:

As of after-hours clearing on May 6th , 2020 (Wednesday), margin rates for Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, NYAuTN12 will be adjusted from 10% to 8%, and their price limits will be adjusted from 9% to 7% starting from the following trading day. Margin rate for Ag(T+D) will be adjusted from 13% to 10%, and its price limit will be adjusted from 12% to 9% starting from the following trading day.

All members are supposed to properly manage the risk, and duly adjust the margin posted on your customers’ positions and risk profiles; please kindly remind your customers to keep prudent and rational when trading, and manage the scales of the positions at the best endeavor so as to ensure the healthy and stable operation of the market.