China Securities Regulatory Commission (CSRC) has approved Shanghai International Energy Exchange (INE), a subsidiary of Shanghai Futures Exchange, to conduct the trading of Technically Specified Rubber 20 (hereinafter referred to as “TSR 20”) Futures Contract, which will officially be listed and traded on 12th Aug 2019.
Contract Text
Standard TSR 20 Futures Contract of INE (for Public Consultation) | |
Product | TSR 20 |
Contract Size | 10 metric tons/lot |
Price Quotation | (RMB) Yuan /metric ton (no tax or duty included in the quotation) |
Minimum Price Fluctuation | 5 Yuan/metric ton |
Daily Price Limits | ±5% from the settlement price of the previous trading day |
Delivery Months | Recent twelve consecutive months |
Trading Hours | 9:00-11:30, 13:30-15:00(UTC+8) & other trading hours as prescribed by INE |
Last Trading Day | The 15th day of the delivery month (postponed accordingly if it is a national holiday or weekend INE is entitled to adjust the last trading day in accordance with the national holidays or weekends.) |
Delivery Period | Five (5) consecutive trading days after the last trading day |
Grades and Quality Specifications | Refer to Appendix for detailed quality standards |
Delivery Venues | Delivery Storage Facilities designated by INE |
Minimum Trading Margin | 7% of contract value |
Settlement Type | Physical delivery |
Product Symbol | NR |
Listing Exchange | Shanghai International Energy Exchange (INE) |
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