(I) Margin System

The minimum trading margin for soybean oil futures contracts is 5% of the contract value. Exchange margins are managed on a graded basis, and the exchange will gradually increase the trading margin as the delivery period of the futures contract approaches and the volume of positions increases. When the soybean oil contract has a continuous up (down) stop, the exchange will appropriately increase the trading margin.

1, soybean oil contracts close to the delivery period when the trading margin charge standard

Trading time period trading margin (yuan / hand)

10% of the value of the contract on the first trading day of the month prior to the delivery month

15% of the value of the contract on the sixth trading day of the month prior to the delivery month

delivery month of the eleventh day of the month prior to the delivery of 20% of the contract value 20% of the contract value

25% of the contract value on the sixteenth trading day of the month prior to the delivery month

30% of the contract value on the first trading day of the delivery month

2, soybean oil contract position changes in the trading margin charges

Contract month the total number of bilateral positions (N) trading margin (yuan/lot)

N≤ 5% of the contract value of 400,000 lots

400,000 lots

500,000 lots

600,000 lots

3, when the soybean oil contract in a trading day (which is recorded as the Nth trading day) there is a stop limit on the unilateral no continuous quotes, then when the settlement of the same day, the futures contract trading margins are charged at 6% of the contract value (the original trading margins) If the ratio is higher than 6%, it will be charged according to the original ratio). If the N+1 trading day and the N trading day in the same direction up and down stop unilateral no continuous quotes, the N+1 trading day settlement, the soybean oil contract trading margin at 7% of the value of the contract (the original trading margin ratio is higher than 7%, according to the original ratio). If a futures contract in a trading day does not appear with the previous trading day in the same direction up and down stop one-sided no continuous quotation, the trading day settlement of the trading margin to return to the normal level.

(ii) Up/Down Stop System

The Exchange implements a price up/down stop system, whereby the Exchange establishes the maximum daily price fluctuation for each futures contract. The Exchange may adjust the stopping range of each contract according to the market situation.

Soybean oil contract delivery month before the month of the stop range of 4% of the settlement price of the previous trading day, the delivery month of the stop range of 6% of the settlement price of the previous trading day.

Newly listed contracts of the stop range for the general month of the stop range of twice, if the contract is traded, the next trading day to return to the general month of the stop range; if the contract is not traded, the next trading day to continue to implement the previous trading day stop range.

When a contract N + 2 trading days with the same direction as the N + 1 trading day up and down stop unilateral no continuous quotes, in the N + 2 trading days after the close of trading, the Exchange will be based on the market situation to take one or more of the following risk control measures: suspension of trading, adjusting the up and down limit range, unilateral or bilateral, the same proportion or a different proportion, part of the membership or all members to increase Trading margin, suspending some or all members from opening new positions, restricting the withdrawal of funds, limiting the time to close positions, forcibly closing positions, forcibly reducing positions or other risk control measures.

(C) Position Limit System

The Exchange implements a position limit system. Position limit refers to the exchange regulations members or customers can hold, calculated on a one-sided basis, the maximum amount of speculative positions in a contract.

When the general month of soybean oil contract unilateral position is greater than 100,000 lots, brokerage members of the contract position limit shall not be greater than 20% of the unilateral position, non-brokerage members of the contract position limit shall not be greater than 10% of the unilateral position, customers of the contract position limit shall not be greater than 5% of the unilateral position.

When the general month of soybean oil contract unilateral position is less than or equal to 100,000 lots, brokerage members of the contract position limit of 20,000 lots, non-brokerage members of the contract position limit of 10,000 lots, customers of the contract position limit of 5,000 lots. 0001,000

2,0001,000500 in the delivery month

Hedging positions are subject to an approval system, and there is no restriction on their positions.