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Notice on Requesting Public Comments on Standard TSR 20 Futures Contract of the Shanghai International Energy Exchange and Related Implementing Rules

2019-07-08
In accordance with the Regulations on the Administration of Futures Trading, the Measures on the Administration of Futures Exchange and other relevant laws and regulations, INE has drafted TSR 20 Futures Contract of the Shanghai International Energy Exchange (for Public Consultation) and has amended related implementing rules, and requests public comment on these rules.
Please send opinions and advice on the rules mentioned above to the Shanghai International Energy Exchange in written or email forms before 16th July 2019.
 
Contact:
Email: ine.advice@ine.cn
Fax: +86 (21) 2076-7686
Tel.: +86 (21) 6840-0000
Postal address: Rm.2301, No.288 Xiangcheng Road, Pudong New District, Shanghai, China 200122
 
Appendix:
1. Revision Explanation
2. Standard TSR 20 Futures Contract (for Public Consultation)
3. INE Trading Rules (for Public Consultation) (clean version)
4. INE Trading Rules (for Public Consultation) (markup version)
5. NE Clearing Rules (for Public Consultation) (clean version)
6. INE Clearing Rules (for Public Consultation) (markup version)
7. INE Delivery Rules (for Public Consultation) (clean version)
8. INE Delivery Rules (for Public Consultation) (markup version)
9. INE Risk Management Rules (for Public Consultation) (clean version)
10. INE Risk Management Rules (for Public Consultation) (markup version)
 
 
News Link: http://www.ine.cn/en/news/notice/1783.html
http://www.ine.cn/news/notice/1782.html
 
Standard TSR 20 Futures Contract of the Shanghai International Energy Exchange (for Public Consultation)
 
Product TSR 20
Contract Size 10 metric tons/lot
Price Quotation (RMB) Yuan/metric ton (no tax or duty included in the quotation)
Minimum Price Fluctuation 5 Yuan/metric ton
Daily Price Limits ±5% from the settlement price of the previous trading day
 
Delivery Months
January, February, March, April, May, June, July, August, September, October, November, and December
 
Trading Hours
9:00-11:30 a.m., 1:30-3:00 p.m. (the Beijing Time), and other trading hours as prescribed by the Exchange
 
 
Last Trading Day
The 15th day of the delivery month (postponed accordingly if it is a national holiday or weekend; the Shanghai International Energy Exchange is entitled to adjust the last trading day in accordance
with the national holidays or weekends.)
Delivery Period Five (5) consecutive trading days after the last trading day
Grades and Quality Specifications  
Refer to Appendix for detailed quality standards
 
Delivery Venues
Delivery Storage Facilities designated by the Shanghai International Energy Exchange
Minimum Trading Margin 7% of contract value
Settlement Type Physical delivery
Product Symbol NR
Listing Exchange Shanghai International Energy Exchange