In the trading of futures market, the buyers and sellers of futures must pay the deposit according to a certain proportion of the value of the futures contracts they buy (sell). The regulation in China is that 5% 15% is used for settlement and performance guarantee. In general, different types of contracts will lead to different requirements for deposits. Characteristics of China s futures margin system;

1 Different trading margin ratios are stipulated for different stages of futures contract listing operation. Generally speaking, the proportion of trading margin increases as the delivery period approaches. When the investor's contract position increases, the exchange will gradually increase the trading margin ratio required for the contract. When the futures contract has a continuous price limit, the trading margin ratio will also increase. When the price change of a product reaches a certain level for several consecutive trading days within one month based on the settlement price, the futures exchange will increase the trading margin level of some or all members' unilateral or bilateral positions in the same proportion or in different proportions according to market conditions, restrict some or all members from withdrawing funds, suspend some or all members from opening new positions, adjust the range of price limit, and take one or more measures to control risks, such as closing positions within a time limit or forcibly closing positions. The above are some characteristics of the margin system implemented by Bian Xiao in China domestic futures exchange. To sum up, these adjustments to the trading margin will be very beneficial to ensure the performance of the contract and help to realize the original intention of maintaining the value, which is suitable for investors and friends who pursue stable investment and maintaining the value.