Notice on Adjusting the Percentage of Deposit and Maximum Licensed Quantity of Partial Commodities
Date : 2016-07-15
All E-trading Markets, Enterprise Trading Centers, Merchandise Bank Institutes, Key Listed Companies and Dealers:
In order to further standardize the order of the trading market, it was decided after study that the percentage of deposit and maximum licensed quantity of copper and nickel will be adjusted as follows after operation suspension on July. 22, 2016 (Friday) in accordance with Management Rules for Risk Control of TEEX Listed Spots E-trading Business (Trial):
The new percentage of deposit and maximum licensed quantity shall come into effect from July 25, 2016 (Monday) and the licensed occupancy deposit for copper and nickel shall be increased and the licensed quantity for them shall be reduced accordingly, which will decrease the account risk rate and even bring about the risk of mandatory liquidation.
TEEX would like to remind the above institutions and dealers to make sound trade planning, capital arrangement and risk control in advance.
It is hereby announced.
Tianjin Exchange for Electronic Materials and Products Co., Ltd.
July. 15, 2016