Usually, the natural rubber we refer to refers to the natural latex collected from Brazilian rubber trees, which is made into elastic solids through curing, drying and other processing procedures. Natural rubber is a kind of natural polymer compound with polyisoprene as the main component, and its molecular formula is (C5 natural rubber H8) N. Its rubber hydrocarbon (polyisoprene) content is above 90%, and it also contains a small amount of protein, fatty acid, sugar and ash.
Natural rubber futures margin system
Trading margin refers to the funds in the account of the member exchange to ensure the performance of the contract, that is, the occupation margin. The minimum trading margin of the standard contract of natural rubber is 5% of the contract value.
According to the different positions of a standard contract and the different stages of listing operation (that is, the date of the new listing of the contract to the last trading day), the exchange sets different trading margin collection standards. The specific provisions are as follows:
In the course of trading, when the position of standard contract reaches a certain level of total position, the trading margin collection standard will not be adjusted temporarily. At the time of settlement on the same day, if the position of a standard contract reaches a certain level of the total position, the exchange will charge the trading margin corresponding to the total position for all positions of the contract. If the margin is insufficient, it shall be supplemented before the market opens on the next trading day.
When the standard contract reaches the standard that the trading margin should be adjusted, the exchange shall settle all historical positions of the contract according to the new trading margin standard when settling on the trading day before the implementation of the new standard. If the margin is insufficient, it shall be added before the market opens on the next trading day.
After entering the delivery month, the seller can use the standard warehouse receipt as the performance guarantee for the standard contract positions with the same number in the delivery month as shown in the figure, and do not charge the trading margin corresponding to the positions.
Natural rubber standard contract