- Membership Overview+
- Member of the Year Award
- List of Members engaging in EFP
- Membership Management+
- Seat Management
- Hedging and Arbitrage+
- Emergency Trading Floor Management
- Clearing Business
- Connectivity Service+
- Mock Trading+
- PFMI Disclosure
A new Clearing Member should make the following preparations:
I.Open a Dedicated Guarantee Fund Account
Receive a Management Notice on Clearing Member Dedicated Guarantee Fund Account.
Apply for a Dedicated Guarantee Fund Account at a bank designated by the Exchange.
II.Open Dedicated Margin Accounts
Receive a Management Notice on Clearing Member Dedicated Margin Accounts.
Apply for Dedicated Margin Accounts at the Depository Banks and agree with the banks on a start date for all the accounts.
III.Apply for Licenses of Clearing and Delivery Personnel
Submit two ID photos of each applicant (25 mm*35 mm in size).
Authorize two or more Clearing and Delivery Personnel.
IV.Pay the Basic Guarantee Fund with Clearing Member’s Own Funds
The Basic Guarantee Fund is RMB 10 million for each Trading Clearing Member, RMB 20 million for each General Clearing Member, and RMB 30 million for each Special Clearing Member.
V.Maintain a Minimum Settlement Reserve Balance with Clearing Member’s Own Funds
The Settlement Reserve balance should be no less than RMB 2 million.