SMM Network News: all member units:
In view of the fact that the sharp fluctuations in silver prices have touched the limit today, according to the relevant provisions of the risk Control and Management measures of the Shanghai Gold Exchange, I intend to adjust the margin ratio and the limit board of Ag (traded D) contracts according to the situation of the unilateral market. The relevant matters are hereby notified as follows:
If there is a unilateral market for Ag contracts today, the margin ratio for, Ag (contracts will be adjusted from 10% to 13% from Wednesday, July 22, 2020, and the limit for the rise and fall of the contract will be adjusted from 9% to 12% from the next trading day.
The exchange will inform you separately when the margin ratio and limit for Ag (Tender D) contracts will return to their pre-adjustment levels.
All member units are requested to do a good job in risk prevention, appropriately adjust the proportion of margin collection according to customers' positions and risks, and remind investors to operate cautiously, invest rationally, and reasonably control the scale of positions to ensure the stable and healthy operation of the market.
I hereby inform you.
Shanghai Gold Exchange
July 22, 2020
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