(2) Futures trading margin provides financial guarantee for the performance of futures contracts. The margin system can ensure that every transaction and every position in all accounts has funds that are suitable for the risks faced, and the profits and losses that occur in the transaction are constantly dealt with accordingly, thus putting an end to the debt phenomenon. Therefore, the strict implementation of this system provides a safe and reliable guarantee for the performance of futures contracts.
(3) Margin is an important means for the exchange to control the scale of speculation. Speculators and speculative activities are the lubricants of the futures market, but excessive speculation will increase the risk of midfield and be conducive to the stable operation of the futures money market. When speculation is excessive, the market cost can be increased by raising the margin, thus curbing speculation and controlling the scale and risk of the transaction. On the contrary, when the futures market is depressed and the trading scale is too small, we can attract more market participants and enliven the trading atmosphere by appropriately lowering the margin.
Legal basis: Measures for the Administration of Deposit Payment and Use of Direct Selling Enterprises issued by the Ministry of Commerce and the State Administration for Industry and Commerce.
Article 2 An enterprise applying for direct selling shall submit a certificate of its special deposit account with an amount of 20 million yuan in a designated bank. The deposit is cash.
Article 3 The special deposit account agreement signed between a direct selling enterprise and a designated bank shall include the following contents:
(a) the designated bank shall pay the deposit according to the written decision of the Ministry of Commerce and the State Administration for Industry and Commerce (hereinafter referred to as the State Administration for Industry and Commerce);
(two) direct selling enterprises shall not use the deposit without authorization in violation of the provisions of direct selling management, and shall not use the deposit for external guarantee or debt repayment in violation of the provisions of direct selling management;
(3) The designated bank shall promptly notify the Ministry of Commerce and the State Administration for Industry and Commerce of the margin account, and the Ministry of Commerce and the State Administration for Industry and Commerce may inquire about the margin account of the direct selling enterprise;
(four) the rights and obligations of direct selling enterprises and designated banks and the dispute settlement methods.
When applying for establishment, an enterprise shall submit an agreement signed with a designated bank to open a special deposit account.