Trading ownership requires applicants who have obtained hedging quotas to report spot and futures transactions.
Article 12 The Exchange shall supervise and manage the use of hedging quotas approved by members or customers.
Article 13 If the hedging future positions of a member or customer exceeds its corresponding spot asset ratio, the transaction ownership requires it to be adjusted within a time limit; If the adjustment is not made within the time limit or still does not meet the requirements after the adjustment, the transaction ownership shall be adjusted or the hedging amount shall be cancelled, and measures such as limiting the opening of positions, closing positions within a time limit and forcibly closing positions may be taken when necessary.
Article 14 If the total hedging position of each contract in the same direction exceeds the approved hedging amount in that direction, the member or customer shall make self-adjustment before the end of the first period of the next trading day. If it fails to adjust within the time limit or still fails to meet the requirements after adjustment, the owner of the transaction shall take measures such as adjusting or canceling the hedging amount, limiting the opening of positions, closing positions within a time limit, and forcibly closing positions.
Article 15 A member or customer shall apply to the Exchange for a new hedging quota no later than five trading days before the expiration of the hedging quota; If the application is not made within the time limit, the member or customer shall settle the hedging position before the expiration of the validity period of the hedging quota; If the position is not closed within the time limit, the trading obligee shall take measures such as limiting the position opening, closing the position within a time limit and forcibly closing the position.
Article 16 If a member or customer who has obtained the hedging quota frequently opens or closes positions within the hedging quota, the transaction owner shall take measures such as talking reminder, written warning, adjusting or canceling the hedging quota, restricting opening positions, closing positions within a time limit, and forcibly closing positions.
Article 17 If a member or customer commits fraud or other acts in violation of the provisions of the exchange when applying for hedging, the trading ownership will not accept his hedging application, adjust or cancel his hedging quota, and partially or completely liquidate his established hedging position, which shall be handled in accordance with the relevant provisions of the Measures for Handling Violations and Breaches of Contract of China Financial Futures Exchange.