中文

Assets Accepted as Margin

An Overseas Special Non-Brokerage Participant or an overseas Client may use acceptable foreign exchange as margin. For foreign exchange to be used as margin, the current-day CNY Central Parity Rate published by China Foreign Exchange Trade System (hereinafter referred to as CFETS) will be used as the benchmark for calculating the value of the foreign exchange. Currently, INE accepts US Dollar as foreign currency collateral with a haircut of 5%.

 

Prior to the market close of the day, the market value of foreign exchange will be calculated based on CFETS CNY Central Parity Rate published on the previous trading day. During the daily clearing, INE will update the benchmark of the day and adjust the discounted value of foreign exchange used as margin according to the aforementioned methodology.