Detailed rules on the opening authority of specific futures varieties (iron ore, PTA, No.20 rubber, crude oil, commodity options, stock index futures/options).
I. Opening a futures account for the first time
Variety: iron ore, PTA, No.20 glue, commodity options.
Condition: 1. Funds: the available funds in the futures account after daily settlement for five consecutive trading days before the application date shall not be less than10w; ;
2. Trading experience: firm trading records of futures/options above 10;
3. Knowledge test: 80 points or above.
Variety: crude oil futures
Condition: 1. Funds: The available funds in the futures account after daily settlement for five consecutive trading days before the application date shall not be less than 50W；;
2. Trading experience: firm trading records of futures/options above 10;
3. Knowledge test: 80 points or above.
Variety: Stock Index Futures/Options
Condition: 1. Funds: The available funds in the futures account after daily settlement for five consecutive trading days before the application date shall not be less than 50W；;
2. Trading experience: firm trading records of futures/options above 10;
3. Knowledge test: 80 points or above.
2. I have also opened a futures account before.