From day of listing to From day of listing the last trading day of Month prior to the to the delivery Delivery month the second month prior delivery month month to the delivery month Relative Gross Absolute position limit Absolute position limit Absolute position position open (lots) (lots) limit (lots) limit (%) interest (lots) FF Non-FF Customer Non-FF Customer Non-FF Customer ≥ Lead 25 2,500 2,500 1,000 1,000 300 300 200,000 ≥ Nickel 25 9,000 9,000 3,000 3,000 600 600 240,000 ≥ Tin 25 2,000 2,000 600 600 200 200 60,000 Natural ≥ 25 500 500 150 150 50 50 rubber 50,000 ≥ 25 8,000 8,000 1,500 1,500 500 500 300,000 ≥ Gold 25 3,000 3,000 900 900 300 300 160,000 ≥ Silver 25 6,000 6,000 1,800 1,800 600 600 300,000 ≥ 25 180,000 180,000 9,000 9,000 1,800 1,800 coil Note: Gross open interest is long and short positions combined; relative and absolute position limits for FF members, non-FF members, and customers is calculated based on the larger side position; the relative position limit for FF members is the baseline limit. Article 19 The Exchange may adjust the position limit of an FF member based on its net assets and operating results as follows: Position limit = baseline × (1 + credit coefficient + business coefficient), is the minimum position limit set by the Exchange for an FF member, as where “baseline” provided in Tables 2827 to 3029 in Article 18; is a variable based on the net assets of the FF member, with the baseline “credit coefficient” set to 0, corresponding to RMB thirty (30) million in net assets, and incremented by 0.1 for each RMB five (5) million in net assets, to a maximum value of 2; value is tentatively divided into five bands, is a variable based “business coefficient,” whose on the trading turnover of the FF member, with the baseline set to 0, corresponding to RMB eight (8) billion in turnover, and incremented according to Table 3130 depending on the actual turnover, to a maximum value of 1.
From day of listing to the delivery month From day of listing to the last trading day of the second month prior to the delivery month Month prior to the delivery month Delivery month Gross open interest (lots) Relative position limit (%) Absolute position limit (lots) Absolute position limit (lots) Absolute position limit (lots) FF Non-FF Customer Non-FF Customer Non-FF Customer Lead ≥ 200,000 25 2,500 2,500 1,000 1,000 300 300 Nickel ≥ 240,000 25 9,000 9,000 3,000 3,000 600 600 Tin ≥ 60,000 25 2,000 2,000 600 600 200 200 Natural rubber ≥ 50,000 25 500 500 150 150 50 50 ≥ 300,000 25 8,000 8,000 1,500 1,500 500 500 Gold ≥ 160,000 25 3,000 3,000 900 900 300 300 Silver ≥ 300,000 25 6,000 6,000 1,800 1,800 600 600 coil ≥ 25 180,000 180,000 9,000 9,000 1,800 1,800 Note: Gross open interest is long and short positions combined; relative and absolute position limits for FF members, non-FF members, and customers is calculated based on the larger side position; the relative position limit for FF members is the baseline limit. Article 19 The Exchange may adjust the position limit of an FF member based on its net assets and operating results as follows: Position limit = baseline × (1 + credit coefficient + business coefficient), where “baseline” is the minimum position limit set by the Exchange for an FF member, as provided in Tables 2827 to 3029 in Article 18; “credit coefficient” is a variable based on the net assets of the FF member, with the baseline set to 0, corresponding to RMB thirty (30) million in net assets, and incremented by 0.1 for each RMB five (5) million in net assets, to a maximum value of 2; “business coefficient,” whose value is tentatively divided into five bands, is a variable based on the trading turnover of the FF member, with the baseline set to 0, corresponding to RMB eight (8) billion in turnover, and incremented according to Table 3130 depending on the actual turnover, to a maximum value of 1.