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Terms of crude oil futures account of institutional investors?
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: 1. Relevant business personnel have the basic knowledge of futures trading, understand the relevant business rules of the energy center, and pass relevant tests; 2. Having more than 65,438+00 simulated domestic futures trading records with a total of not less than 65,438+00 trading days, or having more than 65,438+00 domestic futures trading records 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 five working days before applying for the transaction code shall not be less than RMB 654.38+0,000 yuan or equivalent foreign currency; 4. It has a sound futures trading management system, including futures trading decision-making system, futures trading order placing, fund allocation, physical delivery and other business management systems and futures trading risk control systems; 5. It has a sound information notification system, including a mechanism to provide and update the information of the department heads and relevant business personnel responsible for futures trading to the account-opening institutions in a timely manner; 6. Persons who have no serious bad credit record or who have been banned from entering the futures market by the competent regulatory authorities; 7. There are no laws, regulations, rules and business rules of the energy center to prohibit or restrict futures trading.