China-Singapore Jingwei client, May 4th, on the evening of the 4th, China Construction Bank issued an announcement saying that it has upgraded the system of account commodities and added real-time leveling function. The announcement pointed out that when the price of the international commodity market approaches zero or it is reasonably expected that a negative price will appear, all or part of the account commodity business transactions will be suspended, and the contract expiration processing time and processing rules will be adjusted.
The announcement mentions that for contracts that have been suspended, the automatic swap transactions that have been preset are no longer executed. At that time, the bank will settle the position share at the transactable price available in the international market, but due to market liquidity and other factors, it may not be guaranteed that the settlement price is exactly the same as the market price at the time of suspension of business, nor the settlement The price is exactly the same as the international market settlement price of the contract on the date of suspension.
The announcement also pointed out that we should pay full attention to the risk of market price fluctuations, reasonably control positions, handle timely liquidation or immediate rollover business, and avoid liquidity risks near the settlement date. (Sino-Singapore Jingwei app)