Shanghai Gold Exchange Issues Silver Unilateral Treatment Measures

Early Monday, Shanghai gold (1572.40, -67.40, -4.11%) exchange varieties silver Ag (T+D) contract limit opened, plus last Friday's limit, has been two consecutive trading days.

Member units:

The Ag (T+D) contract closed at the end of September 23rd.

If in September 26th and September 27th, the silver postponed paction continued to limit in the same direction, that is, three consecutive days to reach the limit plate, there will be third consecutive unilateral markets.

According to "Shanghai gold"

Measures 1: in September 28th, the Exchange decided whether to adopt unilateral or bilateral, proportional or different proportion, part of the members or all members to increase trading margin, suspend some members or all members from opening new positions, adjust the rate of increase (down), limit some or all of the members' withdrawal of funds, liquidate the stock in a specified period, forcibly liquidate, stop the market and other measures to resolve market risks.

The relevant measures will be announced through the website of the exchange before 12 noon on September 28th, and the 28 day end of September.

Measure two: in September 28th, the exchange closed the agreement on members holding positions in the silver postponed paction.

The specific method is: the exchange will declare the untraded silver delayed paction declarations at the time limit of September 27th (third unilateral cities) closed down with the limit price. The settlement price of September 26th (second unilateral cities) will be matched by the profit margin of the net profit margin holders of the contract, and the positions that are not declared at the September 27th price limit will not enter the scope of the agreement.

It is suggested that long holders who are ready to liquidate their positions will sell their positions at the price limit before the market closes in September 27th. Once the exchange adopts the measure two, it will be used as the basis for the closing of the agreement.

If the same customer holds a two-way position, he will first position his own position and then liquidate it according to the above method.

In the case of three consecutive unilateral markets, which measures should be adopted specifically, the exchange will be announced through the website of the stock exchange before 12 noon on September 28th according to the market situation. All members should be consulted in time and prepared accordingly.

When the market closed in September 27th, there were no three consecutive unilateral pactions in the delayed trading of silver, and the normal opening trading in September 28th, and the margin ratio was 18%, and the limit of the limit was 15%.

The exchange particularly cautions that, in view of the sharp fluctuations in the price of the silver market and the uncertainty of the measures adopted by the exchange, in order to safeguard the interests of investors, investors should be reminded to carefully understand the risk control measures of the exchange and to enter the market cautiously.