Second, the warehouse quota system

Note: The position limit of futures company members in the table is the base, and the exchange may adjust its position limit according to its net assets and operating conditions.

Third, the settlement system

The daily debt-free settlement system refers to the exchange's settlement of profits and losses, trading deposits, handling fees and taxes of all contracts at the settlement price of the day after the daily trading, and the net transfer of receivables and payables is implemented, and the settlement reserve of members is increased or decreased accordingly.

Fourth, the price limit system.

Price limit refers to the maximum intraday price fluctuation allowed by futures contracts. Quotations exceeding this fluctuation range are considered invalid and cannot be traded.

The fluctuation of vegetable oil contract is limited to 4% of the settlement price of the previous trading day.

If a futures contract has a unilateral market on a certain trading day (this trading day is called D 1 trading day, and the subsequent trading days are called D2, D3 and D4 trading days respectively), the trading margin standard of this futures contract will be increased by 50% on the basis of the original trading margin standard at the time of settlement on D 1 trading day; On D2 trading day, the price limit of the contract increased by 50% on the basis of the original price limit.

If there is no unilateral market in the same direction in the futures contract on the D2 trading day, the trading margin standard and price limit range on the D3 trading day will be restored to the pre-adjustment level; If there is a unilateral market in the same direction on the D2 trading day, the improved trading margin standard will remain unchanged on the settlement date and the D3 trading day, and the price limit of the D3 trading day will remain unchanged.

If there is no unilateral market in the same direction in the futures contract on the D3 trading day, the trading margin standard and price limit range on the D4 trading day will be restored to the pre-adjustment level; If the futures contract still has the same unilateral market on the D3 trading day (that is, the same unilateral market appears for three consecutive trading days), the futures contract will be suspended for one day on the D4 trading day.

Under special circumstances, the exchange will take risk control measures according to market conditions.

Verb (abbreviation for verb) compulsory liquidation system

When one of the following circumstances occurs to members or customers, the ownership of the transaction will be forced to close the position:

1, the balance of settlement reserve is less than zero and it is not replenished within the specified time;

2. The position exceeds the position limit;

3. Natural person position in the delivery month;

4. Being punished by the exchange for compulsory liquidation due to violation of regulations;

5. According to emergency measures, the exchange should be forced to close;

6. Others will be forced to close their positions.