Thirtieth methods of compulsory burden reduction
(1) If the same customer (including trading members engaged in self-operated business, the same below) holds two-way positions in the same contract, the liquidation declaration of the net position will participate in the calculation of forced lightening, and other liquidation declarations will automatically hedge their reverse positions.
(two) to determine the number of liquidation declaration
The number of declared positions closed refers to all positions declared in the exchange system after the close of D2 trading day, and the unit net position loss of customer contract is greater than or equal to 10% of the settlement price of D2 trading day.
Customers who are unwilling to close their positions according to the above methods can withdraw their orders before the market closes.
(III) Determine the profit and loss of the net position of the client's contract unit.
The unit net position profit and loss of a customer contract refers to the sum of the position profit and loss of the customer in the contract divided by the net position. The sum of profit and loss of customer positions in this contract refers to the sum of profit and loss of all positions of customers in this contract, which is calculated according to the difference between the actual transaction price and the settlement price of D2 trading day, combined with the settlement prices of D0 trading day, D/KLOC-0 trading day and D2 trading day.
(4) Determine the liquidation scope of profitable customers with net positions.
According to the above method, the net position of customers whose profit per unit net position is greater than zero is included in the liquidation scope.
(5) Distribution principle of the number of closed positions.
1. Divided into three levels according to the profit within the liquidation scope, and distributed step by step.
Firstly, it is allocated to the position whose unit net profit is greater than or equal to 10% of the settlement price of D2 trading day (hereinafter referred to as the position whose profit is greater than 10%); Secondly, the net profit of the positions allocated to the unit is less than 10% of the settlement price on the D2 trading day and greater than or equal to 6% (hereinafter referred to as positions with a profit of more than 6%); Finally, the profit of the net position allocated to this unit is less than 6% of the settlement price of D2 trading day but greater than zero (hereinafter referred to as the position with profit greater than zero).
2. The distribution ratio at all levels above shall be distributed according to the proportion of declared liquidation quantity (remaining declared liquidation quantity) and the number of closeable profit positions at all levels.
If the number of positions with profit exceeding 10% is greater than or equal to the declared number of positions closed, the declared number of positions closed shall be allocated to positions with profit exceeding 10% according to the ratio of the declared number of positions closed to the number of positions with profit exceeding 10%.
If the number of positions above profit 10% is less than the declared liquidation quantity, the positions above profit 10% shall be distributed to the declared liquidation customers according to the ratio of positions above profit 10% to the declared liquidation quantity; Then the remaining declared positions are allocated to positions with a profit of more than 6% and positions with a profit of more than 0 in turn according to the above allocation method; There are still some left, so I won't send them.
(six) the implementation of compulsory load shedding.
The forced liquidation shall be conducted after the close of D2 trading day, and the result of the forced liquidation shall be regarded as the trading result of the member on D2 trading day.
(7) Compulsory price reduction.
The compulsory lightening price is the daily limit price of D2 trading day of this contract.
The losses caused by compulsory liquidation in accordance with this article shall be borne by members and their customers.
Article 31 If the risk of this contract has not been lifted after the above measures are taken, the Exchange will declare that it has entered an abnormal situation and take emergency measures in accordance with relevant regulations.