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Contract Specifications For Futures Exchanges In China

2008/12/8 14:06:00 41866

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Metal Exchange

China.

Shanghai

The members have sold 25 tonnes (over 2%) today, which meet the following third requirements for copper No. 1 at the price of $tonnes per month and delivery month.

This contract is based on "Shanghai".

Metal trading

The Interim Regulations on management and the rules for the commodity futures trading of the Shanghai metal exchange are drawn up by you and

Shanghai

The metal exchange (hereinafter referred to as the "exchange"), as a party, accepts all obligations and stipulations of this contract, and agrees to perform its duties according to the following rules.

In order to ensure the strict performance of the contract, you must pay the initial margin to the exchange at the time of the paction.

According to market changes, when price fluctuation is not conducive to your change, you will be required to pay additional margin to compensate for the difference between the contract price and the settlement price.

If any of you fails to fulfill the above obligations, the exchange shall have the right to liquidate all or part of the contract held by you in order to compensate for the loss caused by your breach of contract.

The exchange does not have any obligation or obligation to reduce or avoid losses when taking the above actions.

If it is not enough to compensate for the loss, the exchange has the right to continue to pursue your claim.

Specific provisions for copper No. 1

1. quality: the grade of electrolytic copper (whole board or cutting plate) in the contract must conform to the requirements of the national standard GB 467-82 and GB466 82. The content of copper + silver is not less than 99.95%, and the weight of each piece is 30-150 kilograms.

All delivery copper must be registered with the Shanghai metal exchange and certified by the manufacturer.

The list of registered trademarks is shown in Annex I.

2. settlement: the contract is settled according to the settlement rules of the Shanghai metal exchange commodity futures trading rules.

3. delivery: the contract No. 1 copper must be delivered to the authorized warehouse of the exchange on the day of delivery according to the seller's chosen brand name and place of delivery.

The number of standard warehouse warrants provided in the execution of the contract is 25 tons (overshort 2%) or integral multiple.

The goods in the same contract must be stored in the same warehouse and the same brand and the same specification.

The goods must be whole board or cutting plate to achieve the purpose of pallet. The length and width of the cutting plate should not be less than 1/2 of the whole board.

The bundles are not more than 2.5 tons per bundle.

The standard warehouse list shall be implemented according to the detailed rules for implementation of the standard warehouse list specified in the Shanghai metal exchange.

4. allow the difference of Pound: 2 per thousand.

5. delivery month: the delivery of this contract shall be made monthly in the month after the paction or any subsequent month.

6. minimum floating price: the minimum floating price per ton of copper in the contract is 10 yuan, or an integer multiple.

7. Arbitration: disputes arising from this contract, if not negotiable, shall be submitted to the exchange board of supervisors for arbitration according to the regulations of the Shanghai metal exchange.

A party applying for arbitration shall submit a written application and admit that the written decision made by the board of supervisors is final.

8. other: matters not mentioned in this contract are dealt with in accordance with the provisional regulations governing the Shanghai metal exchange and the commodity futures trading rules of the Shanghai metal exchange.

Nanjing petroleum exchange light diesel standard contract

1.01 commodity name: light diesel oil (Gasoil)

Definition: crude oil distilled or other processed hydrocarbon liquid fuel is applied to high speed diesel fuel at full load of 1000-1500 Hz / minute.

1.02 futures contract requirements (1) month and time: time required by the exchange and delivery in designated months.

(2) the unit of measurement for pactions: hand counting, 100 tons per hand.

(3) quality standards (see Annex).

(4) minimum change price: 2 yuan per ton, or 200 yuan per trading unit.

(5) the price of the contract: FOB Nanjing port.

(6) limit of daily price: according to the Circular of the risk management committee.

(7) restrictions on the number of contracts:

The total number of contracts owned or controlled by any member in January shall not exceed 500 or more net long or net bears, and the total number of contracts in all months shall not exceed 3000 or more net short or net short.

The last ten trading days shall not have more than 100 speculative contracts or more than 400 hedging contracts.

The above limit is appropriately relaxed by the Council or the risk management committee.

(8) last trading day: the last business day of the preceding month of the contract month is the last trading day.

(9) contract modification: the contents of the contract may be amended if necessary.

1.03 delivery:

(1) mode of delivery: a.FOB pfers the C. pipeline from the B. warehouse to the warehouse and delivers the d.FOB. The seller passes the light diesel oil from the oil depot to the buyer's ship's string (bounded by the flanges connected by the two sides), and the shore cost and risk above the flange shall be borne by the seller.

All costs and risks from the flange below to the ship side are to be borne by the buyer.

(2) place of delivery: delivery warehouse approved by the exchange.

(3) the principle of delivery: in addition to implementing the provisions of this contract, we must abide by the laws, regulations and regulations of the state and the relevant departments.

(4) the buyer should agree to receive a notice of delivery and delivery. The buyer should submit a notice of acceptance of the goods to the exchange before 14:00 on the first trading day of the contract delivery. The contents should include the following points for the exchange to match the selection.

A. the buyer's unit name B. quantity C. intends to receive the way D. intends to receive the place (5) the seller must submit the notice of consent delivery to the exchange before the first trading day of the month of contract delivery, including the following: C.

A. the seller's unit name, B. quantity, C. method of delivery, D delivery place, e., other information buyer's notice, C.D. item must be clearly filled, otherwise, it will be matched by the exchange.

Buyers and sellers must be ended by the result of their matching.

(6) after receiving the notice of the buyer, the exchange shall notify the parties of the result of the match before 16:30 on the second trading day.

A. according to the method and place of delivery proposed by the buyer and seller, we should match the place and mode of delivery reasonably and economically, and minimize the delivery side and delivery point.

In the specific implementation, B. should be matched according to the following principles: priority should be given to location and mode, if the location and mode are the same, priority is given to the large number of contracts.

C. The buyer and seller will be able to negotiate, change and adjust their opinions if there is any difference between the buyers and sellers after receiving the notice of settlement. The opinions of the changes and adjustments will be reported to the exchange before 12:00 on the third trading day.

The negotiations must also be submitted to the exchange before the third trading day at 12:00, and the Settlement Committee is requested to decide that the ruling is final and the buyer and seller are bound.

D. before that, the buyers and sellers agreed on the time and place of delivery, following the following principles: the delivery time of I and FOB off loading (vehicles) is determined by the buyer.

II, if the seller proposes to pay the goods in the non registered warehouse, the premium should be the principle of the buyer's advantage; if the buyer proposes to hand over the goods in the non registered library, the premium or premium should be the seller's advantage.

III, pfer or delivery time within the library shall be agreed upon by the buyer and seller.

E. in the non registered warehouse, the premium or premium for the price shall be agreed by the buyer or the seller, or referred to the notice of the settlement and delivery Committee.

(7) the seller must submit a complete notice to the buyer before the third trading day of the delivery month (the format is regulated by the exchange). The contents shall include: (1) the notice of preparation for delivery shall be made by the seller (third).

A. buyer's unit name, B., seller's unit name, C. delivery place, D. delivery method, quantity of delivery of E., selection of F., inspection method selection, G. delivery date (i.e. delivery must begin within five consecutive days from fifth trading days to twenty-fifth days of delivery month), H.'s paction to buyer's other information as required by I. exchange (8) confirmation of delivery notice, seller must submit a confirmation delivery notice to the buyer before the buyer's ship is expected to arrive or before the pfer date of the agreement, the contents of which must be consistent with the contents of the preparatory delivery notice, and if the disagreement is deemed to be a seller's breach, the buyer must confirm it on the day before 16:30 and confirm the copy to the exchange.

(9) after confirmation of the confirmation of the delivery notice, the buyer shall make a written presentation to the seller in advance of the expected time of arrival.

The two parties should carry out their work on the basis of the confirmed delivery date, and use this delivery date to calculate the date of late performance and breach of contract.

(10) shipment.

In addition to the pfer in the warehouse, once the tubing is connected, the loading begins. Once the ship is dismantled, it is the end of shipment.

Upon arrival of the ship on the date of the agreed delivery date (or within the time limit for delivery), the buyer shall submit a notice of NOR to the seller in writing, and calculate the time when the seller starts loading on such a time, and the delay of the previous ship shall be the buyer's responsibility, and the delay occurring until the end of the shipment shall be the seller's responsibility.

Upon receipt of the buyer's NOR, the Seller shall arrange the loading in time and complete within the prescribed time (at the time of the time of loading at the time of shipment).

Demurrage claims do not affect loss claims.

(11) payment and the pfer of documents. The A. shall receive the payment of all the contracts on the first two trading days upon receipt of the notice of delivery date of the seller or the buyer or the date of assignment of the assignment of ownership, and immediately return the deposit to the buyer's account after the payment arrives.

B. the Seller shall deal with the seller within three days after the loading is completed.