Shanghai Gold Exchange: Notification On Market Risk Control Of Ag(T+D)

Because of the large fluctuation of intraday silver price, Ag(T+D) contract has already hit its price limit, according to the “Measures for the Administration of Risk Control of Shanghai Gold Exchange”, SGE is going to make adjustments on Ag (T+D) contract’s margin rate and price limit, please find the details below:

If the limit-locked market occurs on Ag(T+D) today, as of after-hours clearing on July 22nd 2020 (Wednesday), the margin rate will be adjusted from 10% to 13%, and its price limit will be adjusted from 9% to 12% starting from the next trading day.

SGE will publish a separate announcement on recovery details of margin rate and price limit.

All members are supposed to conduct relevant preparations and customer notifications in advance. Please adjust the margin rate properly posted on the customers per the positions and risks. In addition, please remind the investors to be cautious and rational towards market turbulence, together with position control and risk prevention to ensure the smooth operation of the market.