Because of large fluctuation of intraday gold and silver price, according to the “Measures for the Administration of Risk Control of Shanghai Gold Exchange”, SGE decided to make adjustment to the margin rates and price limits of deferred contracts. Detailed adjustment is hereby given as below:

As of after-hours clearing on August 12th, 2020 (Wednesday), margin rate for Ag(T+D) will be adjusted from 13% to 16%, and the price limit will be adjusted from 12% to 15% starting from the next trading day.

As of after-hours clearing on August 12th, 2020 (Wednesday), margin rates for Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, NYAuTN12 will be adjusted from 9% to 12%, and the price limit will be adjusted from 8% to 11% starting from the next trading day.

SGE will publish a separate announcement on recovery details of margin rate and price limit.

Please properly manage the risk, and duly adjust the margin rates based on customers’ positions and risk exposures. Please kindly remind your customers to be cautious, make rational investment and position management, so as to ensure the healthy and stable operation of the market.