Shanghai Jinke can refer to:
T+D
1. When buying and selling by installments, traders can choose to deliver on the contract trading day or postpone delivery. It can be understood as spot deferred trading in the form of margin.
2. You can declare delivery every day, and the contract that does not make delivery will be subject to deferred compensation, and the contract that holds the position for more than 20 days will be subject to overdue compensation.
3. You can open and close positions at any time and declare delivery once a day. For contracts that have not been closed or delivered, the profit and loss are calculated every day. If the loss is made up, the profit can be taken away.
4. According to the market situation, the liquidated damages can be positive, negative or zero. When the market is in short supply, the seller shall pay the buyer the compensation for delay. When the market supply exceeds demand, the buyer shall pay the delay compensation to the seller. When supply and demand are balanced, the compensation for delay is zero.
5. The overdue compensation shall be charged to both the buyer and the seller regardless of the direction.
Trading rules
Trading Place Shanghai Gold Exchange
7% down payment for the transaction
Trading unit 1 kg/hand
Quotation bits/gram
The lowest change price is 0.0 1 yuan/gram.
The trading time is 9: 45-11:3013: 30-15: 30 (Monday to Friday).
2 1: 15-23.30 (Monday to Thursday)
Deliverable color exceeds 99.95%
The initial delay compensation rate of delay compensation is tentatively set at two ten thousandths/day;
The overdue compensation rate is tentatively set as:
From the 20th day (including weekends), the extension of the contract is less than or equal to 40 days, and the overdue compensation fee is one ten thousandth/day.
If the contract is extended for 40 days (including weekends) but less than or equal to 60 days, the overdue compensation fee shall be three ten thousandths/day.
If the contract started on the 60th day (including the weekend) is postponed, the compensation for delay is tentatively set at 5/10000/day.
Forced liquidation system: When the customer has one of the following situations, the exchange will implement forced liquidation.
If the additional funds are not transferred to the account within the specified time, the balance of liquidation reserve is less than zero.
Being punished by the exchange for compulsory liquidation due to violation of regulations.
The compulsory liquidation shall be carried out in accordance with the emergency measures of the exchange.
Other circumstances that should force liquidation.