Notice of the China Financial Futures Exchange on Matters concerning the Treasury Bond Futures Delivery Services

 2018-06-29  14


· Area of Law: Treasury

· Level of Authority: Industry Regulations

· Date issued:08-07-2015

· Effective Date:07-01-2015

· Status: Effective

· Issuing Authority: China Financial Futures Exchange

 

Notice of the China Financial Futures Exchange on Matters concerning the Treasury Bond Futures Delivery Services
All member entities:
The China Financial Futures Exchange (“CFFEX”) revised and issued the Detailed Rules of the China Financial Futures Exchange on the Delivery of Treasury Bond Futures Contracts on June 26, 2015, which has adjusted the treasury bond futures delivery services.
From July 1, 2015, a client participating in delivery shall declare its treasury bond custody account to the CFFEX in advance through a member. Where a client does not pass the examination of its treasury bond custody account as of the second-to-last trading day before the delivery month, the position it holds for any contract in the month of treasury bond futures delivery shall, from the trading day before the delivery month to the last trading day, be zero. From the trading day before the delivery month, the CFFEX shall, in accordance with the relevant provisions of the Measures of the China Financial Futures Exchange for Risk Control and Management, force liquidate any position held for a contract in the delivery month by a client who does not pass the examination of its treasury bond custody account.
All member entities shall effectively handle the declaration of treasury bond custody accounts and prevent delivery risks in accordance with the service rules.
China Financial Futures Exchange
August 7, 2015