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

Standard for collecting margin for hard winter white wheat futures contract

Classification of deposit collection conditions and deposit collection ratio

General contract month: according to the contract month, the total bilateral positions (n, ten thousand lots) n ≤ 40.5%.

40

50

N & gt60 15%

Half a month before the delivery month 10%.

Mid-term 20%

25% late

Delivery month 30%

Price limit

The daily limit refers to the maximum fluctuation range of the daily trading price allowed by the wheat futures contract, and the quotation exceeding this fluctuation range will be regarded as invalid and cannot be traded.

When a futures contract has a buy (sell) declaration with a stop price, a sell (buy) declaration without a stop price, or a deal is made as soon as a sell (buy) declaration is made, but no stop price is offered within 5 minutes before the closing of a trading day, it is called an up (down) stop price without quotation, or it is called a unilateral market.

Position restriction system

Limited positions refer to the maximum number of speculative positions in wheat contracts that members or investors can hold according to the regulations of the exchange.

Hard winter white wheat futures contract position limit unit: hand

The general delivery month of the project is one month before the delivery month.

Unilateral positions above 654.38 +0.5 million lots; Unilateral positions below 654.38 +0.5 million lots; Morning, noon and evening.

Brokerage member ≤15% 2400016000 8000 4000 3000

Non-broker members ≤10%16000 6000 300015001000.

Investors ≤ 5% 8000 3000 1500 900 500