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Treasury bond futures trading rules
1.T+0 is used for treasury bond futures trading. The last trading day is the second Friday of the month when the contract expires, with physical delivery. The last delivery date is the third working day after the last trading day.

2. Trading hours of treasury bonds futures: 9: 00 am15-1:30, afternoon13: 00-15:15, the last trading day: 9:/kloc.

3. Listed trading contracts and listing benchmark price: The first batch of listed contracts for 5-year treasury bonds futures are 201312 (TF1312), 20 14 March (TF 1403) and 20/4 March. The benchmark price of each contract is announced by the exchange on the trading day before the contract is listed.

4. Deliverable treasury bonds and conversion coefficient: The deliverable treasury bonds and conversion coefficient of a five-year treasury bond futures contract shall be announced by the Exchange before the contract is listed and traded.

5. Trading margin and price limit range: strictly control market risk, 3% of the initial trading guarantee contract value of five-year listed treasury bond futures contracts, 4% of the initial trading guarantee contract value at the end of the previous trading day in the intermediate delivery month and 5% of the contract value at the end of the previous trading day in the previous delivery month. On the first day of listing, the daily limit of each contract is 4% of the benchmark price of the plate.

6. Related expenses: The service fee standard for the 5-year treasury bond futures contract is tentatively set as 3 yuan/lot, and the delivery service fee standard is 5 yuan/lot. The transaction ownership adjusts the charging standard according to the market operation.