關(guān)于2022年勞動(dòng)節(jié)期間調(diào)整部分期貨合約交易保證金標(biāo)準(zhǔn)和漲跌停板幅度的通知
鄭商函〔2022〕212號
各會(huì)員單位：
根據(jù)《鄭州商品交易所期貨交易風(fēng)險(xiǎn)控制管理辦法》第九條規(guī)定，經(jīng)研究決定，對2022年勞動(dòng)節(jié)期間部分期貨合約的交易保證金標(biāo)準(zhǔn)和漲跌停板幅度作出如下調(diào)整：
一、自2022年4月28日結(jié)算時(shí)起，蘋果、甲醇、玻璃和純堿期貨合約的交易保證金標(biāo)準(zhǔn)調(diào)整為12%，漲跌停板幅度調(diào)整為10%，其中蘋果期貨2205合約的交易保證金標(biāo)準(zhǔn)仍為18%，玻璃期貨2205合約的交易保證金標(biāo)準(zhǔn)仍為15%；棉花和棉紗期貨合約的交易保證金標(biāo)準(zhǔn)調(diào)整為11%，漲跌停板幅度調(diào)整為9%；菜油、菜粕和尿素期貨合約的交易保證金標(biāo)準(zhǔn)調(diào)整為10%，漲跌停板幅度調(diào)整為9%，其中菜粕期貨2205、2207、2208、2209及2211合約的交易保證金標(biāo)準(zhǔn)仍為15%，尿素期貨2205合約的交易保證金標(biāo)準(zhǔn)仍為18%；白糖、花生、PTA和短纖期貨合約的交易保證金標(biāo)準(zhǔn)調(diào)整為10%，漲跌停板幅度調(diào)整為8%；動(dòng)力煤期貨2209合約的交易保證金標(biāo)準(zhǔn)調(diào)整為60%。
二、2022年5月5日恢復(fù)交易后，自品種持倉量最大的合約未出現(xiàn)漲跌停板單邊市的第一個(gè)交易日結(jié)算時(shí)起，菜油和菜粕期貨合約的交易保證金標(biāo)準(zhǔn)調(diào)整為9%，漲跌停板幅度調(diào)整為8%，其中菜油期貨2209合約的交易保證金標(biāo)準(zhǔn)仍為10%，漲跌停板幅度仍為9%，菜粕期貨2207、2208、2209及2211合約的交易保證金標(biāo)準(zhǔn)仍為15%；尿素期貨合約的交易保證金標(biāo)準(zhǔn)調(diào)整為8%，漲跌停板幅度調(diào)整為7%，其中尿素期貨2206、2207、2208及2209合約的交易保證金標(biāo)準(zhǔn)仍為10%，尿素期貨2205、2206、2207、2208及2209合約的漲跌停板幅度仍為9%；動(dòng)力煤期貨2209合約的交易保證金標(biāo)準(zhǔn)仍為60%；其他期貨合約的交易保證金標(biāo)準(zhǔn)和漲跌停板幅度恢復(fù)至調(diào)整前水平。
按規(guī)則規(guī)定執(zhí)行的交易保證金標(biāo)準(zhǔn)和漲跌停板幅度高于上述標(biāo)準(zhǔn)的，仍按原規(guī)定執(zhí)行。
請各會(huì)員單位加強(qiáng)資金和持倉風(fēng)險(xiǎn)管理，提醒投資者強(qiáng)化風(fēng)險(xiǎn)意識，加強(qiáng)風(fēng)險(xiǎn)防范。
特此通知。
附件：2022年勞動(dòng)節(jié)期間交易保證金標(biāo)準(zhǔn)和漲跌停板幅
度調(diào)整情況
鄭州商品交易所
2022年4月26日
附 件
2022年勞動(dòng)節(jié)期間交易保證金標(biāo)準(zhǔn)和漲跌停板幅度調(diào)整情況
品種/合約 | 調(diào)整前 （交易保證金標(biāo)準(zhǔn)/漲跌停板幅度） | 4月28日結(jié)算時(shí)起 （交易保證金標(biāo)準(zhǔn)/漲跌停板幅度） | 勞動(dòng)節(jié)后 （交易保證金標(biāo)準(zhǔn)/漲跌停板幅度） |
蘋果 | 8%/6%（其中2205合約為18%/9%，2210合約為10%/9%） | 12%/10%（其中2205合約交易保證金標(biāo)準(zhǔn)為18%） | 8%/6%（其中2205合約為20%/9%，2210合約為10%/9%） |
甲醇 | 8%/7%（其中2205合約為10%/9%） | 12%/10% | 8%/7%（其中2205合約為20%/9%） |
玻璃 | 9%/8%（其中2205合約為15%/10%） | 12%/10%（其中2205合約交易保證金標(biāo)準(zhǔn)為15%） | 9%/8%（其中2205合約為20%/10%） |
純堿 | 9%/8%（其中2209合約為12%/9%） | 12%/10% | 9%/8%（其中2209合約為12%/9%） |
棉花 | 7%/6%（其中2205至2209合約為10%/9%） | 11%/9% | 7%/6%（其中2205合約為20%/9%，2207及2209合約為10%/9%） |
棉紗 | 7%/6%（其中2205至2210合約為10%/9%） | 11%/9% | 7%/6%（其中2205合約為20%/9%，2206至2210合約為10%/9%） |
菜油 | 8%/7%（其中2209合約為10%/9%） | 10%/9% | 9%/8%（其中2209合約為10%/9%） |
菜粕 | 8%/7%（其中2205至2211合約為15%/8%） | 10%/9%（其中2205至2211合約交易保證金標(biāo)準(zhǔn)為15%） | 9%/8%（其中2205合約為20%/8%，2207至2211合約為15%/8%） |
尿素 | 7%/6%（其中2205合約為18%/9%，2206至2209合約為10%/9%） | 10%/9%（其中2205合約交易保證金標(biāo)準(zhǔn)為18%） | 8%/7%（其中2205合約為20%/9%，2206至2209合約為10%/9%） |
白糖 | 7%/6% | 10%/8% | 7%/6% |
花生 | 8%/7% | 10%/8% | 8%/7% |
PTA | 7%/6%（其中2205合約為10%/7%，2209合約為8%/7%） | 10%/8% | 7%/6%（其中2205合約為20%/7%，2209合約為8%/7%） |
短纖 | 8%/7% | 10%/8% | 8%/7% |
動(dòng)力煤2209合約 | 50%/10% | 60%/10% | 60%/10% |
Notice on Adjustments to Margins and Price Limits of ZCE Products during 2022 International Labor Day
To Members:
According to Article 9 of the Measures for the Administration of Risk Control of Zhengzhou Commodity Exchange, Zhengzhou Commodity Exchange (ZCE) hereby adjusts margins and price limits of some futures as follows:
From the settlement on April 28, 2022, margins and price limits of Fresh Apple, Methanol, Flat Glass and Soda Ash will be 12% and ±10% respectively. In which, margins of AP2205 will still be 18%, margins of FG2205 will still be 15%. Margins and price limits of Cotton and Cotton Yarn will be 11% and ±9% respectively. Margins and price limits of Rapeseed Oil, Rapeseed Meal and Urea will be 10% and ±9% respectively. In which, margins of RM2205, RM2207, RM2208, RM2209 and RM2211 will still be 15%, margins of UR2205 will still be 18%. Margins and price limits of White Sugar, Peanut Kernel, Purified Terephthalic Acid and Polyester Staple Fiber will be 10% and ±8% respectively. Margins of ZC2209 will be 60%.
Trading will be resumed on May 5, 2022. From the settlement of the first trading day on which limit-locked market does not occur on the contract with the largest open interest of such product, margins and price limits of Rapeseed Oil and Rapeseed Meal will be 9% and ±8% respectively. In which, margins and price limits of OI2209 will still be 10% and ±9% respectively, margins of RM2207, RM2208, RM2209 and RM2211 will still be 15%. Margins and price limits of Urea will be 8% and ±7% respectively. In which, margins of UR2206, UR2207, UR2208 and UR2209 will still be 10%, price limits of UR2205, UR2206, UR2207, UR2208 and UR2209 will still be ±9%. Margins of ZC2209 will still be 60%. Margins and price limits of other futures contracts will be restored to standards before the adjustments.
In case the above adjusted margins and price limits vary from the current ones, the higher one will prevail.
All members are required to strengthen capital and position risks management, and to remind clients to improve risk awareness.
Zhengzhou Commodity Exchange
April 26, 2022
Disclaimer: This English version may be used for reference only. If there is any discrepancy between the English version and the Chinese version, the Chinese version shall prevail.
Attachment
Adjustments of Margins and Price Limits of ZCE Products During 2022 International Labor Day
Futures/Contracts | Present (margin/price limit) | From the settlement on April 28 (margin/price limit) | After the holidays (margin/price limit) |
Fresh Apple | 8%/6% (margins and price limits of AP2205 are 18%/9%, margins and price limits of AP2210 are 10%/9%) | 12%/10% (margins of AP2205 will still be 18%) | 8%/6% (margins and price limits of AP2205 are 20%/9%, margins and price limits of AP2210 are 10%/9%) |
Methanol | 8%/7% (margins and price limits of MA2205 are 10%/9%) | 12%/10% | 8%/7% (margins and price limits of MA2205 are 20%/9%) |
Flat Glass | 9%/8% (margins and price limits of FG2205 are 15%/10%） | 12%/10% (margins of FG2205 will still be 15%) | 9%/8% (margins and price limits of FG2205 are 20%/10%） |
Soda Ash | 9%/8% (margins and price limits of SA2209 are 12%/9%) | 12%/10% | 9%/8% (margins and price limits of SA2209 are 12%/9%) |
Cotton | 7%/6% (margins and price limits of CF2205,CF2207 and CF2209 are 10%/9%) | 11%/9% | 7%/6% (margins and price limits of CF2205 are 20%/9%, margins and price limits of CF2207 and CF2209 are 10%/9%) |
Cotton Yarn | 7%/6% (margins and price limits of CY2205, CY2206, CY2207, CY2208, CY2209 and CY2210 are 10%/9%) | 11%/9% | 7%/6% (margins and price limits of CY2205 are 20%/9%, margins and price limits of CY2206, CY2207, CY2208, CY2209 and CY2210 are 10%/9%) |
Rapeseed Oil | 8%/7% (margins and price limits of OI2209 are 10%/9%） | 10%/9% | 9%/8% (margins and price limits of OI2209 are 10%/9%) |
Rapeseed Meal | 8%/7% (margins and price limits of RM2205, RM2207, RM2208, RM2209 and RM2211 are 15%/8%) | 10%/9% (margins of RM2205, RM2207, RM2208, RM2209 and RM2211 are 15%) | 9%/8% (margins and price limits of RM2205 are 20%/8%, margins and price limits of RM2207, RM2208, RM2209 and RM2211 are 15%/8%） |
Urea | 7%/6% (margins and price limits of UR2205 are 18%/9%, margins and price limits of UR2206, UR2207, UR2208 and UR2209 are 10%/9%) | 10%/9% (margins of UR2205 will still be 18%) | 8%/7% (margins and price limits of UR2205 are 20%/9%, margins and price limits of UR2206, UR2207, UR2208 and UR2209 are 10%/9%) |
White Sugar | 7%/6% | 10%/8% | 7%/6% |
Peanut Kernel | 8%/7% | 10%/8% | 8%/7% |
Purified Terephthalic Acid | 7%/6% (margins and price limits of TA2205 are 10%/7%, margins and price limits of TA2209 are 8%/7%) | 10%/8% | 7%/6% (margins and price limits of TA2205 are 20%/7%, margins and price limits of TA2209 are 8%/7%) |
Polyester Staple Fiber | 8%/7% | 10%/8% | 8%/7% |
ZC2209 | 50%/10% | 60%/10% | 60%/10% |