1, deposit system
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The margin ratio of soybean futures contracts is 5% of the contract value. Trading margin shall be managed at different levels. With the approach of the delivery date of futures contracts and the increase of positions, the exchange gradually increases the trading margin. When the delivery date of soybean 1 and soybean No.2 contracts approaches, the collection standard of trading margin is as follows
Trading time (RMB/lot) 65438+ 00% of the contract value on the trading day one month before delivery 65438+05% of the contract value on the sixth trading day one month before delivery165438+20% of the contract value on the trading day one month before delivery.
2. Ascending stop system
(1) Upper mediation system: refers to the daily trading price fluctuation range allowed by futures contracts. Quotations beyond this upper mediation range are invalid and cannot be traded.
When futures contracts stop rising in the same direction for three consecutive times, the exchange will reduce the positions of futures contracts through certain principles and methods.
(2) Ups (downs) without continuous quotation on one side: a futures contract only has a stop-loss price to buy (sell) without a stop-loss price to sell (buy), or a stop-loss price is not offered within 5 minutes before the end of a trading day.
3. Restricted warehouse system
Limited positions refer to the unilaterally calculated positions held by members and customers as stipulated by the exchange.
4. Report of extended family
The exchange implements a big declaration system. When the speculative position of a member or customer holding a certain position contract reaches more than 80% (inclusive) of the speculative position limit stipulated by the exchange, the member or customer shall report the capital status and position to the exchange, and the customer shall report it through an intermediary member. The Exchange may adjust the reporting level of the position according to the market risk.
5. Bitter selling
Compulsory liquidation system: refers to the compulsory liquidation measures taken by the exchange when members and customers violate it.