Notice on adjustment the Trading authority and the Percentage of Deposit of Partial Commodities
Date : 2016-08-04
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 closed the delisting authority and the percentage of deposit of copper and nickel will be adjusted as follows after operation suspension on Aug. 5, 2016 (Friday) in accordance with Management Rules for Risk Control of TEEX Listed Spots E-trading Business (Trial):
The new percentage of deposit shall come into effect from Aug 8, 2016 (Monday) and the licensed occupancy deposit for copper and nickel will be increased, which decreases the account risk rate and even will 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.