Clearing Rules of the Shanghai Futures Exchange(Amended)

Updated on 2018-11-28

Article 60     The final settlement price of a futures contract shall be the settlement price of the futures contract on its last trading day, but the method for computing the final settlement price of the fuel oil futures contract, the gold futures contract, the natural rubber futures contract and the bleached softwood kraft pulp (BSKP) futures contract, and the bitumen futures contract will be found in Article 22 of the Fuel Oil Futures Delivery Rules of the Shanghai Futures Exchange (Trial), Article 24 of the Gold Futures Delivery Rules of the Shanghai Futures Exchange (Trial), the Delivery Rules of the Shanghai Futures Exchange, and the Bitumen Futures Delivery Rules of the Shanghai Futures Exchange(Trial) respectively. Deliverable commodities shall be priced at the final settlement price plus price differentials owing to the difference in grades, qualifications and the location of the certified delivery warehouses (like benchmark delivery warehouses versus non-benchmark delivery warehouses).

Clearing Rules of the Shanghai Futures Exchange(Amended)

Updated on 2018-11-28

Article 60     The final settlement price of a futures contract shall be the settlement price of the futures contract on its last trading day, but the method for computing the final settlement price of the fuel oil futures contract, the gold futures contract, the natural rubber futures contract and the bleached softwood kraft pulp (BSKP) futures contract, and the bitumen futures contract will be found in Article 22 of the Fuel Oil Futures Delivery Rules of the Shanghai Futures Exchange (Trial), Article 24 of the Gold Futures Delivery Rules of the Shanghai Futures Exchange (Trial), the Delivery Rules of the Shanghai Futures Exchange, and the Bitumen Futures Delivery Rules of the Shanghai Futures Exchange(Trial) respectively. Deliverable commodities shall be priced at the final settlement price plus price differentials owing to the difference in grades, qualifications and the location of the certified delivery warehouses (like benchmark delivery warehouses versus non-benchmark delivery warehouses).

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