The margin ratio of soybean futures contracts is 5% of the contract value. The trading margin is managed at different levels. As the delivery date of futures contracts approaches and the positions increase, the exchange will gradually increase the trading margin.

When the delivery date of soybean 1 and soybean No.2 contracts approaches, the collection standard of the trading deposit is:

Trading margin for trading hours (RMB/lot)

The first trading day one month before the delivery month 10% of the contract value.

The sixth trading day one month before the delivery month 15% of the contract value.

Pay 20% of the contract amount on the 1 1 trading day one month before the delivery month.

Pay 25% of the contract amount on the16th trading day one month before the delivery month.

Pay 30% of the contract value on the first trading day of the delivery month.

When the position of the soybean number. 1 and soybean No.2 contract change, and the transaction margin collection standard is:

Total bilateral position in contract month (n) Trading margin (RMB/lot)

N ≤ 5% of the contract value of 400,000 batches.

400,000 lots

500 thousand lots

600,000 hands. 1. Price limit system: refers to the maximum fluctuation range of daily trading price allowed by futures contracts, and quotations exceeding this fluctuation range will be considered invalid and cannot be traded.

When a futures contract has three consecutive price limits in the same direction, the exchange will implement compulsory lightening of the futures contract according to certain principles and methods.

1. Unilateral up (down) stop without continuous quotation: refers to the situation that a futures contract has a buy (sell) declaration with a stop price, a sell (buy) declaration with or without a stop price, or a deal is made as soon as a sell (buy) declaration is made, but a stop price is not offered within 5 minutes before the closing of the trading day.

Comparison of daily limit of soybean No.2 and 1

Transaction status: soybean 1 soybean 2.

Overall situation 4% 4%

8% 8% on the first day of listing

Delivery month 6% 6%

Comparison of adjustment standards between margin and price limit

Trading status of the day, daily limit, margin at margin settlement, 1 stop loss board, soybean 1, 4%, 5%, 6%.

Yellow soybean No.2 4% 5% 6%

Second stop soybean 1 4% 6% 7%

Yellow soybean No.2 4% 6% 7%

Third stop soybean 1 4% 7% *

The 4% 7% * position limit of Soybean No.2 refers to the maximum amount of a contract position that a member or customer can hold according to the regulations of the Exchange.

Position limit of soybean 1 and 2 members

General monthly contract unilateral position of members > unilateral position 65438+100000 contracts < 65438+million contracts.

Broker member

Non-brokerage member < =10%10,000 lots.

customer

Note: In case of overstocking of members, the Exchange will determine the number of positions closed by relevant customers according to the ratio between the number of overstocked members and the number of speculative positions held by members. If multiple members have overstocked positions, the positions that need to be closed by force shall be selected as the objects of forced closing according to the order of the overstocked members from large to small; If customers overstock, the overstocked positions of customers will be forced to close their positions; If the customer holds positions in multiple members, the members will be forced to close their positions in the order of the number of positions held by the customers. If both members and customers overstock at the same time, close the overstocked customers first, and then close the positions according to the method of overstocked members.