When an account opening institution applies for opening an energy center transaction code for an individual customer, the individual customer shall meet the following standards:

(1) Having full capacity for civil conduct;

(2) Having the basic knowledge of futures trading, understanding the relevant business rules of the energy center and passing relevant tests;

(3) It has a trading record of no less than 10 trading days and more than 10 transactions; Or open an account in a domestic futures trading place or an overseas futures trading place supervised by the futures regulatory agency of the country (region) that signed a memorandum of understanding on regulatory cooperation with the China Securities Regulatory Commission, and the number of domestic or overseas futures transactions in the past three years has exceeded 65,438+00;

(4) The balance of available funds in the margin account is not less than RMB 500,000 yuan or equivalent foreign currency in the five working days before applying for the transaction code;

(5) Having no serious bad credit record or being declared as a person prohibited from entering the futures market by the competent regulatory authorities;

(six) there are no laws, regulations, rules and business rules of the energy center to prohibit or restrict futures trading.

Conditions of crude oil futures account (institution):

When an account opening institution applies for opening an energy center transaction code for a corporate customer, the corporate customer shall meet the following standards:

(a) the relevant business personnel have the basic knowledge of futures trading, understand the relevant business rules of the energy center, and pass the relevant tests;

(2) There are more than 65,438+00 simulated domestic futures transactions in a cumulative period of not less than 65,438+00 trading days, or more than 65,438+00 domestic futures transactions in the last three years; Or in the past three years, there are more than 65,438+00 futures trading records in overseas futures trading places supervised by the futures regulatory agencies of countries (regions) that have signed a memorandum of understanding on regulatory cooperation with China Securities Regulatory Commission (hereinafter referred to as China Securities Regulatory Commission);

(3) The balance of available funds in the margin account in the five working days before applying for the transaction code is not less than 6,543,800 yuan or equivalent foreign currency;

(4) Having a sound futures trading management system, including futures trading decision-making system, futures trading business management system such as placing orders, fund allocation and physical delivery, and futures trading risk control system;

(5) It has a sound information notification system, including a mechanism for providing and updating the information of department heads and relevant business personnel in charge of futures trading to account-opening institutions in a timely manner;

(6) Having no serious bad credit record or being declared as a person prohibited from entering the futures market by the competent regulatory authority;

(seven) there are no laws, regulations, rules and business rules of the energy center to prohibit or restrict futures trading.

Except as otherwise provided by the laws, administrative regulations and rules of China and the China Securities Regulatory Commission, the first three provisions of this article shall not apply to the account-opening institutions applying for transaction codes for special unit customers. Members of futures companies, participants of overseas special brokers and overseas intermediaries who participate in energy center futures trading shall, according to the conditions of crude oil futures accounts in the Futures Account Rules (Individual):

When an account opening institution applies for opening an energy center transaction code for an individual customer, the individual customer shall meet the following standards:

(1) Having full capacity for civil conduct;

(2) Having the basic knowledge of futures trading, understanding the relevant business rules of the energy center and passing relevant tests;

(3) It has a trading record of no less than 10 trading days and more than 10 transactions; Or open an account in a domestic futures trading place or an overseas futures trading place supervised by the futures regulatory agency of the country (region) that signed a memorandum of understanding on regulatory cooperation with the China Securities Regulatory Commission, and the number of domestic or overseas futures transactions in the past three years has exceeded 65,438+00;

(4) The balance of available funds in the margin account is not less than RMB 500,000 yuan or equivalent foreign currency in the five working days before applying for the transaction code;

(5) Having no serious bad credit record or being declared as a person prohibited from entering the futures market by the competent regulatory authority;

(six) there are no laws, regulations, rules and business rules of the energy center to prohibit or restrict futures trading.

Conditions of crude oil futures account (institution):

When an account opening institution applies for opening an energy center transaction code for a corporate customer, the corporate customer shall meet the following standards:

(a) the relevant business personnel have the basic knowledge of futures trading, understand the relevant business rules of the energy center, and pass the relevant tests;

(2) There are more than 65,438+00 simulated domestic futures transactions in a cumulative period of not less than 65,438+00 trading days, or more than 65,438+00 domestic futures transactions in the last three years; Or in the past three years, there are more than 65,438+00 futures trading records in overseas futures trading places supervised by the futures regulatory agencies of countries (regions) that have signed a memorandum of understanding on regulatory cooperation with China Securities Regulatory Commission (hereinafter referred to as China Securities Regulatory Commission);

(3) The balance of available funds in the margin account in the five working days before applying for the transaction code is not less than 6,543,800 yuan or equivalent foreign currency;

(4) Having a sound futures trading management system, including futures trading decision-making system, futures trading business management system such as placing orders, fund allocation and physical delivery, and futures trading risk control system;

(5) It has a sound information notification system, including a mechanism for providing and updating the information of department heads and relevant business personnel in charge of futures trading to account-opening institutions in a timely manner;

(6) Having no serious bad credit record or being declared as a person prohibited from entering the futures market by the competent regulatory authority;

(seven) there are no laws, regulations, rules and business rules of the energy center to prohibit or restrict futures trading.

Except as otherwise provided by the laws, administrative regulations and rules of China and the China Securities Regulatory Commission, the first three provisions of this article shall not apply to the account-opening institutions applying for transaction codes for special unit customers. Members of futures companies, participants of overseas special brokers and overseas intermediaries who participate in futures trading in energy centers shall, in accordance with the requirements of crude oil futures account rules, assess customers' cognitive level and risk tolerance for futures, and carefully select suitable customers to participate in futures trading.