(1) After the settlement agreement expires, the settlement members and trading members will not renew their contracts;
(2) The settlement member and the trading member terminate the settlement agreement in advance;
(3) A general settlement member or a special settlement member is unable to make settlement for trading members for any reason.
(4) A trading member is changed to a clearing member or a clearing member is changed to a trading member.
(5) Other circumstances as determined by the Exchange.
Article 58 In case of Item (1) of Article 57, the trading member and the transfer-in clearing member shall submit the following materials to the Exchange no later than 30 days before the settlement agreement between the trading member and the transfer-out clearing member expires:
(1) An application for changing the clearing member of a trading member.
(2) The settlement agreement signed by the trading member and the settlement member who moved in;
(3) Other materials as stipulated by the Exchange.
In the case of Item (2) and Item (3) of Article 57, in addition to the materials specified in the preceding paragraph, the trading member and the transfer-in settlement member shall also submit the dissolution agreement of the settlement agreement between the trading member and the transfer-out settlement member.
In the case of Item (4) of Article 57, a member shall go through the procedures for changing the membership in accordance with the relevant provisions of the Measures for the Administration of Members of China Financial Futures Exchange and submit an application for changing the settlement relationship.
Article 59 The Exchange shall examine the application materials submitted by its members. After the approval of the exchange, notify the relevant members to change the agreed date of the settlement relationship.
Article 60 After the settlement on the agreed date, the Exchange will change the settlement relationship for the relevant members, transfer the positions and the corresponding trading margin, and provide the transfer list to the relevant members for verification and confirmation.
After the settlement on the agreed date, if there are significant risks in the market or other circumstances identified by the exchange, the exchange may suspend the procedures for changing the settlement relationship.
Article 61 In the process of changing the settlement relationship, trading members and settlement members shall cooperate with each other. Before the settlement is completed, the clearing member who moves out has the obligation to fulfill the settled position.
Article 62 The Exchange shall charge a change fee according to the number of transferred positions. The handling fee is RMB 65,438+00 per lot, which is deducted from the settlement reserve of the settlement member who moves in. Transaction ownership adjustment fee standard.