关于2022年清明节期间调整部分期货合约交易保证金标准和涨跌停板幅度的通知
郑商函〔2022〕146号
各会员单位：
根据《郑州商品交易所期货交易风险控制管理办法》第九条规定，经研究决定，对2022年清明节期间部分期货合约交易保证金标准和涨跌停板幅度作出如下调整：
一、自2022年3月31日结算时起，普麦、强麦、早籼稻、粳稻和晚籼稻期货合约的交易保证金标准调整为15%；PTA、菜油、菜粕、甲醇、苹果、尿素和短纤期货合约的交易保证金标准调整为10%，涨跌停板幅度调整为9%；其中苹果期货2205合约及尿素期货2205合约的交易保证金标准仍为18%，菜粕期货2205合约的交易保证金标准仍为15%，菜粕期货2207、2208、2209及2211合约的交易保证金标准仍为12%。
二、2022年4月6日恢复交易后，自品种持仓量最大的合约未出现涨跌停板单边市的第一个交易日结算时起，普麦、强麦、早籼稻、粳稻和晚籼稻期货合约的交易保证金标准为15%；苹果期货2210合约、菜油期货2209合约及尿素期货2209合约的交易保证金标准为10%，涨跌停板幅度为9%；PTA期货2209合约的交易保证金标准为8%，涨跌停板幅度为7%；其他期货合约的交易保证金标准和涨跌停板幅度恢复至调整前水平。
按规则规定执行的交易保证金标准和涨跌停板幅度高于上述标准的，仍按原规定执行。
请各会员单位加强资金和持仓风险管理，提醒投资者强化风险意识，加强风险防范。
特此通知。
附件：2022年清明节期间交易保证金标准和涨跌停板幅
度调整情况
郑州商品交易所
2022年3月29日
附 件
2022年清明节期间交易保证金标准和涨跌停板幅度调整情况
品种 | 调整前 （交易保证金标准/涨跌停板幅度） | 清明节期间 （交易保证金标准/涨跌停板幅度） | 清明节后 （交易保证金标准/涨跌停板幅度） |
普麦 | 8%/7% | 15%/7% | 15%/7% |
强麦 | 12%/7% | 15%/7% | 15%/7% |
早籼稻 | 8%/7% | 15%/7% | 15%/7% |
晚籼稻 | 8%/7% | 15%/7% | 15%/7% |
粳稻 | 8%/7% | 15%/7% | 15%/7% |
PTA | 7%/6%（其中2205合约为8%/7%） | 10%/9% | 7%/6%（其中2205及2209合约为8%/7%） |
菜油 | 8%/7% | 10%/9% | 8%/7%（其中2209合约为10%/9%） |
苹果 | 8%/6%（其中2204合约为15%/9%，2205合约为18%/9%） | 10%/9%（其中2205合约交易保证金标准为18%） | 8%/6%（其中2205合约为18%/9%，2210合约为10%/9%，2204合约涨跌停板幅度为9%） |
尿素 | 7%/6%（其中2204合约为15%/9%，2205合约为18%/9%） | 10%/9%（其中2205合约交易保证金标准为18%） | 7%/6%（其中2205合约为18%/9%，2209合约为10%/9%，2204合约涨跌停板幅度为9%） |
菜粕 | 8%/7%（其中2205合约为15%/8%，2207至2211合约为12%/8%） | 10%/9%（其中2205合约交易保证金标准为15%，2207至2211合约交易保证金标准为12%） | 恢复至调整前水平 |
甲醇 | 8%/7%（其中2204及2205合约为10%/9%） | 10%/9% | 恢复至调整前水平 |
短纤 | 8%/7% | 10%/9% | 恢复至调整前水平 |
Notice on Adjustments to Margins and Price Limits of ZCE Products during 2022 Qingming Festival Holidays
To Members:
According to Article 9 of the Measures for the Administration of Risk Control of Zhengzhou Commodity Exchange, Zhengzhou Commodity Exchange (ZCE) hereby adjusts margins and price limits of some futures as follows:
From the settlement on March 31, 2022, margins of Common Wheat, Strong Gluten Wheat, Early Long-Grain Nonglutinous Paddy, Medium to Short-Grain Nonglutinous Paddy and Late Long-Grain Nonglutinous Paddy futures will be 15%; margins and price limits of Purified Terephthalic Acid, Rapeseed Oil, Rapeseed Meal, Methanol, Fresh Apple, Urea and Polyester Staple Fiber futures will be 10% and ±9%, respectively. In which, margins of UR2205 and AP2205 will still be 18%, margins of RM2205 will still be 15%, margins of RM2207, RM2208, RM2209 and RM2211 will still be 12%.
Trading will be resumed on April 6, 2022. From the settlement of the first trading day on which limit-locked market does not occur on the contract with the largest open interest of such product, margins of Common Wheat, Strong Gluten Wheat, Early Long-Grain Nonglutinous Paddy, Medium to Short-Grain Nonglutinous Paddy and Late Long-Grain Nonglutinous Paddy will be 15%; margins and price limits of AP2210, OI2209 and UR2209 will be 10% and ±9%, respectively; margins and price limits of TA2209 will be 8% and ±7%, respectively; margins and price limits of other futures will be restored to standards before the adjustments.
In case the above adjusted margins and price limits vary from the current ones, the higher one will prevail.
All members are required to strengthen capital and position risks management, and to remind clients to improve risk awareness.
Zhengzhou Commodity Exchange
March 29, 2022
Disclaimer: This English version may be used for reference only. If there is any discrepancy between the English version and the Chinese version, the Chinese version shall prevail.
Attachment
Adjustments of Margins and Price Limits of ZCE Products During2022 Qingming Festival Holidays
Futures | Present (margin/price limit) | During the holidays (margin/price limit) | After the holidays (margin/price limit) |
Common Wheat | 8%/7% | 15%/7% | 15%/7% |
Strong Gluten Wheat | 12%/7% | 15%/7% | 15%/7% |
Early Long-Grain Nonglutinous Paddy | 8%/7% | 15%/7% | 15%/7% |
Medium to Short-Grain Nonglutinous Paddy | 8%/7% | 15%/7% | 15%/7% |
Late Long-Grain Nonglutinous Paddy | 8%/7% | 15%/7% | 15%/7% |
Purified Terephthalic Acid | 7%/6% (margins and price limits of TA2205 are 8%/7%) | 10%/9% | 7%/6% (margins and price limits of TA2205 and TA2209 will be 8%/7%) |
Rapeseed Oil | 8%/7% | 10%/9% | 8%/6% (margins and price limits of OI2209 will be 10%/9%) |
Fresh Apple | 8%/6% (margins and price limits of AP2204 are 15%/9%, of AP2205 are 18%/9%) | 10%/9% (margins of AP2205 will still be 18%) | 8%/6% (margins and price limits of AP2205 will be 18%/9%, of AP2210 will be 10%/9%, price limits of AP2204 will be 9%) |
Urea | 7%/6% (margins and price limits of UR2204 are 15%/9%, of UR2205 are 18%/9%) | 10%/9% (margins of UR2205 will still be 18%) | 7%/6% (margins and price limits of UR2205 will be 18%/9%, of UR2209 will be 10%/9%, price limits of UR2204 will be 9%) |
Rapeseed Meal | 8%/7% (margins and price limits of RM2205 are 15%/8%, of RM2207, RM2208, RM2209 and RM2211 are 12%/8%) | 10%/9% (margins of RM2205 will still be 15%, of RM2207, RM2208, RM2209 and RM2211 will still be 12%) | Restored to standards before the adjustments |
Methanol | 8%/7% (margins and price limits of MA2204 and MA2205 are 10%/9%) | 10%/9% | Restored to standards before the adjustments |
Polyester Staple Fiber | 8%/7% | 10%/9% | Restored to standards before the adjustments |