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Risk- Controlling Management Regulation |
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Shandong Shouguang Vegetable Trading Market Online
Risk- Controlling Management Regulation
Chapter One General Principles
Item one In order to enhance the risk management of trading online in Shandong Shouguang Vegetable Trading Market Online (short for the Market), safeguard the legitimate rights and interests of traders, ensure the normal running of trading online, according to Shandong Shouguang Vegetable Trading Market Online Trading Management Regulation (short for the Regulation) and national related laws and regulations, we institute the Regulation.
Item two The Market Risk Management carry out the system of ordering payment for goods by installment, the system of rising and dropping limit, the system of replacing the transfer, the system of purchasing quantity control, the system of risk caution ,etc.
Item three The Market and traders must follow the Regulation.
Chapter Two System of Ordering Payment for Goods
Item four The Market carries out the system of ordering payment for goods by installment. The standard and schedule of installment are instituted in Trading Management Regulation of the Market, or adjusted accordingly and announced and then put into force according to Trading Management Regulation and the Regulations.
Item five If the following cases occur in the process of trading, the Market may adjust the standard and schedule of installment according to the risks.
1. Appearing the rising and dropping limit of the same direction continuously;
2. Meeting long national legal holidays;
3. The Market considers that risks will enlarge clearly;
4. Other necessary things considered by the Market.
Item six The Market will set the standard and schedule of the trading varieties according to the bulk of purchasing quantity in Daily Settlement.
1. Collecting the ordering payment for goods as the 20% standard when the purchasing quantity of one trading variety (garlic) is below one hundred thousand batches.
2. Collecting the ordering payment for goods as the 30% standard at the beginning of opening the Market of the next trading day, when the purchasing quantity of one trading variety (garlic) is above one hundred thousand batches (including one hundred thousand batches)£»
3. Collecting the ordering payment for goods as the 40% standard at the beginning of opening the Market of the next trading day, when the purchasing quantity of one trading variety (garlic) is above one hundred and fifty thousand batches (including one hundred and fifty thousand batches) and below two hundred thousand batches.
4. Collecting the ordering payment for goods as the 50% standard at the beginning of opening the Market of the next trading day, when the purchasing quantity of one trading variety (garlic) is above two hundred thousand batches (including two hundred thousand batches).
5. If the special cases occur, and the Market considers that the risks of some trading variety will enlarge clearly, The Market is authorized to adjust the payment proportion and schedule of trading variety.
Item seven The Market will settle the whole ordering goods of the trading variety that adjusted installment standard as new payment standard. If the payment for goods is not enough, traders should add it before opening the Market the Market in the next trading day.
Chapter Three System of Rising and Dropping Limit
Item eight The Market will set the restrictions of rising and dropping by the Trading System. Restrictions of rising and dropping on the current day are settlement price ¡À5% of previous trading day.
Item nine The traded will carry out the first replacing the transfer and the first time when reaching to rise and drop limit.
Item ten The Market is authorized to adjust the restrictions of rising and dropping, if the price when closing the Market for continuous two days will reach to rising limit or dropping limit.
Item eleven Trading market online is likely to appear to rising or dropping for continuous many days, which will take several traders to some funds risks.
When the total restriction of rising and dropping of the one trading variety exceeds 30% for continuous 10 days, the Market is authorized to adjust the payment schedule and standard for the trading variety.
Chapter Four System of Replacing the transfer
Item twelve The Market will carry out the system of replacing the transfer for controlling market risk. The replacing the transfer refers to one kind of measure with force executed to transfer for traders¡¯ ordering the goods as related terms in Trading Management Regulation.
Item thirteen If the following cases occur for traders, the Market will carry out replacing the transfer for their ordering goods.
1. Traders¡¯ settlement reserve balance is below zero and can¡¯t be complemented them in regulated time;
2. Replacing the transfer by the Market because of irregular behaviors
3. Others should replace the transfer.
Item fourteen The executed process of replacing the transfer
After closing the Market and finishing settlement in every trading day, the Market will provide Capital Settling Sheet, traded record Sheet, Ordering Sheet and other data for traders through Network Trading System.
If the daily settlement data in traders¡¯ Capital Settling Sheet shows that the daily funds balance is less than the minimum limit of ordering payment for goods, which can be regarded as a notice from the Market to the traders automatically, the traders should complement funds before opening the Market in the next trading day. The Market will be authorized to adjust the minimum limit of ordering payment for goods settlement reserve.
The Market may inform the traders by note or telephone and other assistant measures.
2. Execution and Confirmation
(1) Relative traders should transfer by themselves until they reach the request of transferring after opening the Market;
(2)The market is authorized to execute replacing the transfer for the traders¡¯ ordering goods of appearing the 13th regulation after opening the Market;
(3) The results of replacing the transfer are sent together with daily traded record and related information could be got by Trading bill in the Market.
Item fifteen The price of replacing the transfer is consigned as limit price and is traded by Trading System.
Item sixteen The ordering goods is not replaced the transfer wholly because of the price restricted by rising and dropping limit or other reasons in the Market in related time, their remained ordering goods may be postponed to replaced the transfer in the next trading day continually, until replacing the transfer is finished.
Item seventeen Replacing the transfer of related ordering goods can only be postponed finishing because of the price restricted by rising and dropping limit or other reasons in the Market, the losses that happened will be responsible by traders; the ordering goods that can be not finished wholly will is still responsible by the owners of ordering goods.
Item eighteen The profits of replacing the transfer belong to traders; the losses of replacing the transfer is charged with traders.
Chapter Five System of Ordering Quantity Control
Item nineteen The Market will check and ratify the ordering quantity of each booth according to traders¡¯ scale, funds and other status of production and operation. The Market will restrict the maximum ordering quantity of each booth.
The single pen buying and selling quantities of trading contract online in the Market are at most one thousand batches, the single pen buying and selling quantities that exceed one thousand is of no effect.
The total ordering quantity of trading contract online in the Market can¡¯t be larger than the same term society cargo supply and demand total quantity.
Item twenty In order to keep away the risks in the Market, the Market will restrict traders¡¯ booth ordering quantity and the booth¡¯s settlement reserve on the base of the specific cases.
When the purchasing quantities of one booth are above five thousand batches(including five thousand),the booth¡¯s settlement reserve is less than 25% its paid ordering payment for goods (¡°Daily Paid Trading Payment for Goods¡± in Capital Settling Sheet).
The Market will replace the transfer for the booth¡¯s ordering goods when one booth¡¯s ordering quantity is higher than above the restriction and the settlement reserve is lower than the above restriction.
Chapter Six System of Risk Caution
Item twenty-one The Market executes the system of risk caution. If the Market consider it to be necessary, it will take one or several kinds of risk reminders as caution to reduce risks partly or at the same time, such as written caution, issued risk caution information and other measures.
Item twenty-two If one of the following cases occurs, the Market will be authorized to provide risk reminder for traders
1. The trader¡¯s ordering quantities are abnormal;
2. The trader¡¯s funds are abnormal;
3. The trader is suspected of getting out of line and breaching of contract;
4. The Market receives the complaint involved in the trader;
5. The trader involved in judicial investigation;
6. Other cases considered by the Market.
Item twenty-three With the risk reminder executed by the Market, the traders should state truthfully and not conceal the facts intentionally. The staff in the Market should keep related information secret.
Item twenty-four If finding the traders suspected of getting out of line and ordering goods have the major risks by investigation , the Market will be authorized to issue Risk Caution Letter in writing for traders,
Item twenty-five If one of the following cases occurs, the Market is authorized to condemn traders publicly.
1. Don¡¯t provide the related data according to the Market¡¯s request.
2. Concealing the facts intentionally, make a false report, the wrong report, fail to report for the important information;
3. Destroying the proof material about getting out of line and breaching of contract intentionally, doesn¡¯t coordinate with the Market¡¯s investigation;
4. Operating the Market¡¯s price by verification.
5. Other cases about getting out of line considered by the Market.
The Market will resolve it as the management regulation about getting out of line in the Market for their action at the same time condemning publicly for traders.
Item twenty-six If one of the following cases occurs, the Market is authorized to issue risk caution information to caution risks for traders.
1. The trader is suspected of getting out of line and breaching of contract;
2. The traders¡¯ trading with major risks;
3. Other cases considered by the Market.
Chapter Seven Supplementary Articles
Item twenty-seven If the traders breach the Regulation, The Market will be authorized to solve according to Trading Management Regulation and related rules of the Regulation.
Item twenty-eight The explaining rights for the Regulation reserved to Shandong Shouguang Vegetable Trading Market Online, the Market is authorized to amend the items in the Regulation.
Item twenty-nine The Regulations will be in effect on November 1st, 2007.
