There are two systems, namely, trading margin system and position limit system. The trading margin system includes the trading margin standard when the soybean meal futures approach the delivery date and the position changes; The position limit system includes two kinds of position limit standards: soybean meal futures general month and delivery month.

Trading margin system

The minimum trading margin of soybean meal futures contract is 5% of the contract value. Trading margin shall be managed at different levels. With the approach of the delivery date of futures contracts and the increase of positions, the exchange will gradually increase the trading margin ratio.

Include that trading margin when the soybean meal contract approach the delivery date and the trading margin when the position of the soybean meal contract changes.

Position restriction system

Limited position refers to the maximum number of speculative positions in a contract that a member or customer can hold according to the regulations of the exchange.

Including: soybean meal contract general monthly position limit system and soybean meal contract position limit system one month before delivery month and during delivery month.

The position limit standard of futures contracts in a trading period shall be implemented from the settlement of the trading day at the beginning of the trading period.

Hedging trading positions are subject to examination and approval system, and positions are not restricted.