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In accordance with Trading Schedule during National Holidays for Year 2019 and Risk Management Rules of the Shanghai International Energy Exchange, Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby notifies the trading adjustments of crude oil futures contracts for The Dragon Boat Festival 2019 as follows:

1.     The market will be closed from 3:00 p.m. of June 6, 2019 to June 9, 2019.

The market will resume trading on June 10, 2019 with the central auction session from 8:55 a.m. to 9:00 a.m. and the continuous trading on the night of that day.

2.     If the Limit-locked market does not occur on June 5, 2019, INE will adjust the trading margin rate to 10% of the contract value and the price limit to ±8% from the settlement price of that day since the daily clearing process begins.

In the case that the above adjusted trading margin rate and price limit vary from the current ones, the higher ones will prevail.

Please refer to Risk Management Rules of the Shanghai International Energy Exchange for implementing other provisions concerning the trading margin and the price limit.

All Members and Overseas Special Participants shall manage risks in a sound manner to ensure the smooth functioning of the market.

In the event of any inconsistency between the Chinese version and English translation, the Chinese version shall prevail.

 

       Shanghai International Energy Exchange

June 3, 2019

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