According to the announcement of our holiday closing arrangement, our office will be closed from February 11 (Thursday) to February 17 (Wednesday), and will open as usual from February 18 (Thursday), and there will be no night market trading on the evening of February 10 (Wednesday).
In order to prevent the sharp fluctuation of gold and silver prices in the international market during the festive period, according to the relevant provisions of the risk Control and Management measures of the Shanghai Gold Exchange, our institute adjusts the margin ratio and the limit for the trading of gold and silver extended contracts. The relevant matters are hereby notified as follows:
1. As of Tuesday, February 9, 2021, the margin ratio for contracts such as, Au (traded D), mAu (traded), Au (T+N1), Au (T+N2), NYAuTN06, NYAuTN12, etc., will be adjusted from 12% to 14%. The margin limit for the next trading day will be adjusted from 11% to 13% to 21%, and the margin limit for the next trading day will be adjusted from 15% to 19%.
If a unilateral market appears on February 9, and the margin and the limit of rise and fall adjusted in accordance with the relevant provisions of the measures for risk Control and Management of the Shanghai Gold Exchange are higher than the above-mentioned standards, they will be carried out according to a higher standard.
II. After the resumption of trading on Thursday, February 18, 2021, the margin ratio of contracts such as, Au (traded D), mAu (traded D), Au (T+N1), Au (T+N2), NYAuTN06, NYAuTN12, etc., will be restored to 12% from the first trading day when there is no unilateral market, and the limit of rise and fall will be restored to 11% on the next trading day. The margin ratio of the contract will be restored to 16%, and the limit of rise and fall will be restored to 15% from the next trading day.
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
February 4, 2021
