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List of risk management measures for wire rod futures
The risk management measures of wire rod futures include trading margin, price limit, position limit, forced liquidation, large household report and risk early warning. _ Wire futures trading margin trading margin refers to the funds in the account of a member exchange that have been occupied by the contract to ensure the performance of the contract. The minimum trading margin for wire rod futures contracts is 7% of the contract value. According to the different positions of a wire futures contract and the different stages of listing operation (that is, the date of the new listing of the contract to the last trading day), the exchange formulates different trading margin collection standards. _ The price limit of wire rod futures refers to the maximum intraday price fluctuation range allowed by futures contracts, and quotations exceeding this fluctuation range are deemed invalid and cannot be traded. The fluctuation range of wire rod futures contracts shall not exceed 5% of the settlement price of the previous trading day, and the exchange may adjust its fluctuation range according to market risks. _ Wire futures limit position Wire futures limit position refers to the maximum number of unilateral positions held by members or customers on a contract as stipulated by the exchange. In different periods, the specific provisions on the proportion and position limit of various futures contracts for futures company members, non-futures company members and customers are different. _ Forced liquidation of wire rod futures Forced liquidation of wire rod futures refers to the forced liquidation of positions held by members and customers by the exchange when one of the forced liquidation situations stipulated by the exchange occurs. _ Report of large wire rod futures company The report of large wire rod futures company means that when the speculative position of a certain position contract of a member or customer reaches more than 80% (inclusive) of the speculative position limit stipulated by the exchange or the exchange requires to report, the member or customer shall report his capital and position to the exchange, and the customer shall report through the futures company member. _ Wire futures risk warning Wire futures risk warning refers to one or more measures that can be taken by the Exchange when it deems it necessary, such as requiring reports, talking reminders, written warnings, public condemnation, and issuing risk warning announcements. , respectively or at the same time, risk warning and resolution.