Notice on Listing and Trading of Polished Round-grained Rice Futures Contracts
According to DCE, the polished round-grained rice futures is scheduled to be listed on DCE on August 16, 2019. In order to ensure the smooth operation of the polished round-grained rice futures contract, the relevant issues related to the listing and trading of the polished round-grained rice futures contract are hereby notified as follows:
I Listing Time
The polished round-grained rice futures contract will be listed on August 16, 2019 (Friday). The trading hours are from 9:00-10:15 a.m., 10:30-11:30 a.m. and 13:30-15:00 p.m. The night session trading will start on the night of August 16 (Friday), and the trading hours will be 21:00-23:00 p.m.
II Listing Contracts
The contracts will be listed on the first trading day are RR2001, RR2002, RR2003, RR2004, RR2005, RR2006, RR2007 and RR2008. The benchmark price of the new contracts will be announced by the Exchange on the trading day prior to listing day.
III Trading Margin and Price Limit
The trading margin of the polished round-grained rice futures contract is 5% of the contract value, and the price limit is 4% of the settlement price of the previous trading day. The price limit of the new contracts on the first trading day is 8% of the benchmark price. Other provisions on trading margin and price limit shall be implemented in accordance with the “Measures for Risk Management of Dalian Commodity Exchange”.
IV Trading Commission
The trading commission for the polished round-grained rice futures contract is 4 Yuan/lot.
V Standard Warehouse Receipt Transfer Payment Business Fee
The business fee for transferring standard warehouse receipts of the polished round-grained rice futures is 1 yuan/ton.
VI Open Interest Information
After settlement on each trading day, the exchange will announce the relevant trading volume and open interest of the polished round-grained rice futures contract.
VII Storage Fees
The storage fee for polished round-grained rice is 1 yuan/ton per day.
VIII Designated Quality Inspection agencies
The Standards Technical Service Co., Ltd., China Inspection and Certification Group Liaoning Co., Ltd. and Dalian Huazheng Inspection Co., Ltd. are the designated quality inspection agencies for polished round-grained rice.
The list of designated quality inspection agencies and the maximum price limit for inspection and sampling are detailed in Attachment 1.
IX Designated Delivery Warehouse and Mill Warehouse
China Hualiang Logistics Group Beiliang Co., Ltd. and Jinzhou Port Co., Ltd. are the designated delivery warehouse for polished round-grained rice;
Yihai (Jiamusi) Grain and Oil Industry Co., Ltd., Weiwei Tangwanghe Ecological Agriculture Co., Ltd., Heilongjiang Yufuren and Rice Industry Co., Ltd. Heilongjiang Liushuixiang Ecological Agriculture Co., Ltd., Heilongjiang Qinglong Rice Industry Co., Ltd., Heilongjiang Xuenahong Rice Industry Co., Ltd., Heilongjiang Yihua Rice Industry Co., Ltd. and COFCO Rice Industry (Dalian) Co., Ltd. are the designated delivery mill warehouse for polished round-grained rice (Please see attachment 2 for more details).
The above-mentioned designated delivery warehouse (mill warehouse) shall be used from the date of listing and trading of the polished round-grained rice futures contract. The maximum price limit for load-in and load-out of the warehouse is shown in Attachment 1.
Attachment 1: List of designated quality inspection institutions and delivery related fees for the Dalian Commodity Exchange
Attachment 2: List of designated delivery warehouses (factory warehouses) of Dalian Commodity Exchange.
News Link: http://www.dce.com.cn/dalianshangpin/yw/fw/jystz/ywtz/6177470/index.html