CHINA: Notice on Launching of Hedging Management Electronic System

Wednesday July 24 2013

To further optimize the hedging management process and enhance the working efficiency of hedging business, the Hedging Management Electric System of Dalian Commodity Exchange (DCE) will be launched for operating after the settling on July 26, 2013. Relevant issues after launching the System are as follows:

1. DCE will no longer accept the written application for hedging qualification and for hedging position-holding limit. Relevant business will be processed through the System.
2. Non-members and customers of the futures company will no longer need to submit application for more hedging position-holding limit within the speculation position-holding limit. After obtaining the hedging qualification for relevant varieties, they can establish hedging position-holding within the speculation position-holding limit by themselves.
3. The hedging position-holding limit obtained by the customers can be used in any member that has opened an account and not restricted in applicant members.
4. Instructions for the System please see the attached Instructions for Hedging Business of the DCE Members Serving System.

Click on the above link for more details