In order to better serve small and micro enterprises and provide more gold investment opportunities for small and medium-sized investors, the exchange will list the Mini gold deferred settlement contract on January 2, 214, with the contract code MAU (T+D);

at the same time, adjust the trading unit of the existing Au99.99 gold firm contract from 1g/lot to 1g/lot.

Extended information

Starting from the trading day of January 2, 214, individual customers can conduct Mini gold deferred settlement contract transactions through online banking or advanced trading terminals (hereinafter referred to as "mAu(T+D) contract"); For corporate customers, mAu(T+D) contract transactions can be conducted through the counter or advanced trading terminal. The relevant information of mAu(T+D) contract is as follows:

(1) contract code

(2) contract quotation

1. The trading unit of mAu(T+D) contract is 1g/lot, with the minimum single bid volume of 1 lot and the maximum single bid volume of 2, lots.

2. the benchmark price of mAu(T+D) contract on the first day is the settlement price of Au(T+D) contract on the previous trading day.

(iii) margin ratio

the margin ratio for mau (t+d) trading is 14%, and the margin ratio for strong leveling is 1%. The Bank may adjust the trading margin ratio and the margin ratio in a timely manner according to the Measures for the Administration of Risk Control of Shanghai Gold Exchange and relevant regulations of the Bank.

(4) standard rate

the standard of mAu(T+D) contract transaction fee rate for both individual and corporate customers is eight ten thousandths.

(V) Contract liquidation

The liquidation order of gold deferred contracts is Au(T+D) and mAu(T+D) in turn.

(6) The minimum delivery declaration for the contract delivery

mAu(T+D) is 1 lot, and the delivery variety is Au99.99 standard gold ingots. Standard gold ingots and bars of other specifications cannot be used as substitute delivery.

according to the contract liquidation order, the physical inventory can meet the remaining part after the delivery of the previous contract and then be used for the delivery of the next contract.

(VII) Limited warehouse management

According to the regulations of Shanghai Gold Exchange, the unilateral maximum number of positions with multiple and empty mAu(T+D) contracts for individual customers is 5, lots; The maximum unilateral limit of mAu(T+D) contracts for corporate customers is 1, lots.

Baidu encyclopedia -mAu(T+D)