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Risk management of methanol futures
The risk management system of methanol futures includes: margin system, price limit system, position limit system, large household reporting system, forced liquidation system and risk early warning system. ? The minimum trading margin standard of the margin system is 6% of the futures contract value. The trading margin standard of futures contracts is managed in turn according to the three periods of futures contracts, namely "general month" (the month before the delivery month), "the month before the delivery month" and "the delivery month". ? Price limit system The price limit of methanol futures contract refers to the maximum daily price fluctuation range. The fluctuation of methanol futures contracts is limited to 4% of the settlement price of the previous trading day. ? The limit position system of methanol futures refers to the maximum number of positions that members or customers can hold in a futures contract calculated unilaterally by the exchange. According to the difference of the general month, the month before the delivery month and the delivery month of futures contracts, different warehouse limit standards are applied to the number of futures contracts. ? Bulk declaration system The bulk declaration system of methanol futures refers to that if the number of members or customers holding a futures contract reaches more than 80% (inclusive) of the position limit set by the exchange or the exchange requires to declare, they shall declare their funds and positions to the exchange. According to the market risk situation, the exchange can adjust the level of position declaration. ? Forced liquidation system Forced liquidation of methanol futures refers to the compulsory measures taken by the exchange to close the relevant futures contracts held by members and customers in violation of the relevant business regulations of the exchange. ? Risk warning system The risk warning system of methanol futures means that the exchange can take measures such as requesting to report the situation, talking to remind, and issuing a risk warning letter. When necessary, it shall be carried out separately or simultaneously to warn and resolve risks.