The big business will carry out pig futures simulation trading on July 10!

Dalian Commodity Exchange issued a notice, will be july 10, 2020 to carry out pig futures simulation tradingTake you through pig futures contracts and rules, the big business institute from July 10 to carry out pig futures simulation trading
On July 8, Dalian Commodity Exchange (hereinafter referred to as "Big Merchants") issued a notice, in order to do a solid job in preparing for the listing of pig futures, will be july 10, 2020 to carry out pig futures simulation tradingAccording to the notice, the pig futures simulation trading on-the-wall contract is intended as a near-month contract and a long-term contractAmong them, the recent monthly contract is a two-month contract, the first day of the hanging contract is lH2009 contract, lH2009 contract expires after the rolling addition of LH2011 contract, and so on, and the first day of the long-term contract is LH2105 contractCustomers who already have trading codes in the exchange simulation environment can directly participate in pig futures simulation trading, and customers without simulation trading codes are required to handle the relevant business through a unified account opening system in accordance with the relevant requirements and processesIt is understood that since april, the CSRC approved the development of pig futures trading, large companies actively promote pig futures listing-related work, has now formed a more mature and complete system of business rules, the introduction of pig futures simulation trading, help to verify the pig futures contract rules system, so that all parties in the market in advance familiar with the pig futures trading mechanism and the characteristics of spot price fluctuations, further for the formal listing of pig futures to prepare, the interpretation of the pig futures contract rules of large commercial companies
1, pig futures overall design ideas
pig futures design follow the pre-management, simple delivery, member recommendation, after-the-fact evaluation of the process system2, pig futures contract
pig futures using physical delivery, the code is LH, trading units 18 tons / hand, about the spot market large trailer loadPig futures is the second animal husbandry futures variety after the egg (3984, 1.00, 0.03%) varieties, part of the content and egg futures design ideas are the same, the range of the rise and fall is 4% of the settlement price of the previous trading day, the minimum trading margin is 5% of the contract valueThe last trading day is the penultimate trading day of the contract month and the last closing day is the third after the last trading dayContract months 1, 2, 3, 4, 5, 6, 9, 10, November, December, July and August hot weather can easily cause pig transport problems and affect delivery quality, so July and August trading was cancelled3, delivery quality standards
for delivery of pigs in appearance and weight have the corresponding standardsAppearance requirements need to be no argon, body table pus, lumps the widest direction size is not greater than 10CM, no abnormal wheezing characteristics, walking naturallyThe spot market does not have a clear same standard, after communication with the spot enterprises, enterprise recognition, the spot market requirements pus, lumps in 2 kg or lessthe water, for pigs with an average weight of 120.0 kg and 130.0 kg, the water is 600 yuan/tonne (0.3 yuan/kg, about 75 yuan/head)4, pre-management design
the pre-management of Dalian Commodity Exchange, the enterprise stake in futures trading, delivery of pig breeds, wear and tear requirements, post-slaughter grade and other issues have been stipulated5, delivery location andthe use of the principle of more paste less liters, Henan region as a benchmark low, northeast more paste, southwest less riseDelivery plant warehouse set up in two steps, first unified establishment of delivery area, and gradually set up delivery plant warehousethe first batch: in the aquaculture volume, net outflow of large, the regional price difference is smaller to set up in the provinces: Henan, Hunan, Shandong, Hubei, Hebei, Jiangxi, Anhui, Jiangsuthe second batch: according to the spot industry development, spread, availability of delivery, etc, gradually set up in other regions: Northeast, Shaanxi, Shanxi, Sichuan, Chongqing, Guangxi, Guangdong, Fujian6, delivery systempig delivery to implement the whole factory warehouse delivery, the application of futures to spot, daily selection of delivery and one-time delivery Only non-standard warehouse currents are allowed to be re-cashed for the period from the date of listing of the contract to the penultimate trading day of the last trading day (including the day) Daily selection delivery can be used for standard warehouse order delivery and plate delivery One-time delivery is only allowed in standard warehouse orders 7, pig delivery process
the future introduction of delivery business mobile service platform, for the delivery process to facilitate all parties 8, risk control system
limit position parameters using the general month ratio limit and delivery month absolute limit position combination, the ladder follows the egg's 3rd-order scheme