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Circular of Shanghai International Energy Exchange on Trading Margin Rate and Price Limit Updates of Crude Oil Futures Contracts

       Shanghai International Energy Exchange, the subsidiary of Shanghai Futures Exchange has released its circular on trading margin rate and price limit updates of crude oil futures contracts on November 26, 2018 as follows:
     The trading margin rate for crude oil futures contracts will be updated from 7% to 10% of the contract value and the price limit will be updated from ±5% to ±8% from the settlement price of that day since the daily clearing process begins on November 28, 2018.
       In the case that the above adjusted trading margin rate and price limit vary from the current ones, the higher ones will prevail.
    Please refer to Risk Management Rules of the Shanghai International Energy Exchange for implementing other provisions concerning the trading margin and the price limit.
       In the event of any inconsistency between the Chinese version and English translation, the Chinese version shall prevail.

Shanghai Futures Exchange
November 26, 2018