According to the relevant provisions of “Measures of Dalian Commodity Exchange for Hedging Management” (the “Hedging Measures” for short), to further facilitate the recognition of the qualification for hedging and the approval of the position limits, the related matters are reminded by DCE as follows:
First, according to the related requirements in the Hedging Measures, those applying for increasing the hedging position limits should submit the performance of the operation of the spot goods in the previous year and the plan for spot goods operation in the current year. The member units are requested to timely contact the hedging clients who have not completed the declaration of the performance of the operation in 2015 and the business plan for 2016, and they should submit the related data through the member service system in order to support the their application for increasing the hedging position limits for the new year.
Second, according to the related requirements in the Hedging Measures, starting in December 2015, in the application materials that should be submitted when applying for the qualification for hedging and increasing the hedging position limits, the “Commitment Letter” has been added by DCE as an extra application material. When submitting the application materials, the clients are requested to submit the “Commitment Letter” (original document) to the relevant futures company members, who should then mail the examined original documents with the official seal affixed to DCE. The mailing address is Room 905, Tower A, Futures Building, No. 129, Huizhan Road, Dalian, Liaoning Province.
Third, it is not necessary for the hedging clients who have submitted the performance of the operation in 2015 and the business plan for 2016 to make the declaration this time if there is no change in the related data. It is not necessary for the hedging clients who have submitted the “Commitment Letter” to re-submit. The hedging clients that have opened accounts with various members (including accounts under common control) can choose one futures company member for submission.
Fourth, as April tends to be the peak period for application for increasing the hedging position limits each year, in order not to affect the application and use, it is suggested that the member units should complete the declaration of the data of spot goods operation and the mailing of the “Commitment Letter” before March 31.
Business Information Hotlines:
Huang Xiaoli 0411-84808727,
Guo Xuyang 0411-84808710, Wang Huan 0411-84808712
Han Wanqi 0411-84808715, Wang Juan 0411-84808709
Huang Xiaoli 0411-84808727,
Guo Xuyang 0411-84808710, Wang Huan 0411-84808712
Han Wanqi 0411-84808715, Wang Juan 0411-84808709