【中英文对照版】上海期货交易所套期保值交易管理办法(修订版)(2023).docx

上海期货交易所关于发布 上海期货交易所套期保 值交易管理办法（修订 版）的公告（上海期货交易所公告 （2023） 120 号）上海期货交易所套期保 值交易管理办法（修订 版）经上海期货交易所 理事会审议通过，并已报 告中国证监会，现予以发 布，自2023年11月21日（即11月20日晚连续交 易）起实施。请各会员单位做好规定实 施前的相关提示工作。英文文本见官方英文网站，仅供参考。如与中文立太不一致.以中寸寸:上海期货交易所套期保值交易管理办法(修订版)(2023)HEDGETRADINGRULESOFTHESHANGHAIFUTURESEXCHANGE(2023)制定机关：上海期货交易所发文字号：上海期货交易所公告2023120号公布日期：2023.11.17施行日期：2023.11.21效力位阶：地方规范性文件法规类别：期货交易Issuingauthority：LocalInstitutionsjShanghaiMunicipaIityjOtherInstitutionsofShanghaiMunicipaIity1ShanghaiFuturesExchangeDocumentNumber：AnnouncementNo.1202023oftheShanghaiFuturesExchangeDateissued：11-17-2023Effectivedate：11-21-20231.evelofAuthority：LocalRegulatoryDocumentsAreaofLaw：FuturesCircularonReleasingtheRevisedHedgeTradingRulesoftheShanghaiFuturesExchange(2023)AnnouncementNo.1202023oftheShanghaiFuturesExchangeTherevisedHedgeTradingRulesoftheShanghaiFuturesExchangehasbeenreviewedandadoptedbytheBoardofDirectorsofShanghaiFuturesExchange(SHFE),andreportedtotheChinaSecuritiesRegulatoryCommission.ItshalltakeeffectfromNovember21,2023(fromthecontinuoustradingsessiononthenightofNovember20).Allmembersarerequestedtoissueremindersbeforetheimplementationoftherevisedrule.PleasevisittheofficialwebsiteofSHFEfortheChineseversion.IfthereisanydiscrepancybetweentheEnglishversionandtheChineseversion,theChineseversionshallprevail.Appendices:1 .ComparativeTable.docx2 .HedgeTradingRulesoftheShanghaiFuturesExchange(Revised).docxShanghaiFuturesExchangeNovember17,2023Appendix2HEDGETRADINGRULESOFTHESHANGHAIFUTURESEXCHANGE(RevisedVersion)Article 1 GENERALPROVISIONSArticle 2 TheseHedgeTradingRulesaremadeinaccordancewiththeGeneralExchangeRulesoftheShanghaiFuturesExchangeandotherapplicablerulestoboostthehedgingfunctionsofthefuturesmarketandpromoteitssounddevelopment.Article 3 Hedgingpositionsareclassifiedintoregularmonthhedgingpositionsandnearbydeliverymonthhedgingpositions.为准。附件：L修订对照表2 .上海期货交易所套期保 值交易管理办法（修订版）上海期货交易所2023年11月17日附件2上海期货交易所套期保值 交易管理办法（修订版）第一章总则第一条为了充分发 挥期货市场的套期保值功 能，促进期货市场的规范 发展，根据上海期货交 易所交易规则等有关规 定，制定本办法。第二条套期保值交 易头寸分为一般月份套期 保值交易头寸和临近交割 月份套期保值交易头寸。铜、铝、锌、铅、镁、锡、 氧化铝、螺纹钢、线材、 热轧卷板、不锈钢、黄金、 白银、天然橡胶、石油沥 青（以下简称沥青）、丁 二烯橡胶和漂白硫酸盐针 叶木浆（以下简称漂针架）Hedgingpositionsforcopper,aluminum,zinc,lead,nickel,tin,aluminumoxide,steelrebar,wirerod,hot-rolledcoil,stainlesssteel,gold,silver,naturalrubber,petroleumbitumen("bitumen")，butadienerubberandbleachedsoftwoodkraftpulp(uBSKPn)futuresareclassifiedintohedgingpositionsforregularmnthc(frnmthdaCfIictinntnthIacttrading day of the second month before the delivery month) and hedging positions for nearby delivery months (i.e., from the first month before the delivery month to the delivery month).Hedging positions for fuel oil futures are classified into hedging positions for regular months (i.e., from the day of listing to the last trading day of the third month before the delivery month) and hedging positions for nearby delivery months (i.e., from the second month before the delivery month to the first month before the delivery month).Article 3 Members and Clients that engage in hedging activities on the Shanghai Futures Exchange (the “Exchange")shall observe these Hedge Trading Rules.CHAPTER 2 APPLICATION AND APPROVAL OF REGULAR MONTH HEDGING QUOTAArticle 4 Regular month hedging positions require the approval of the Exchange. Regular month hedge is classified into long hedge and short hedge.套期保值交易头寸分为一般月份（本办法指合约挂牌至交割月前第二月的最后一个交易日）套期保值交易头寸（以下简称一般月份套期保值交易头寸）和临近交割月份（本办法指交割月前第一月和交割月份）套期保值交易头寸（以下简称临近交割月份套期保值交易头寸）。燃料油套期保值交易头寸分为一般月份（本办法指合约挂牌至交割月前第三月的最后一个交易日）套期保值交易头寸（以下简称一般月份套期保值交易头寸）和临近交割月份（本办法指交割月前第二月和交割月前第一月）套期保值交易头寸（以下简称临近交割月份套期保值交易头寸）。第三条会员或者客户在上海期货交易所（以下简称交易所）从事套期保值业务，应当遵守本办法。第二章一般月份套期保值交易头寸的申请与审批第四条一般月份套期保值交易头寸实行审批制。一般月份套期保值交易会为一般目俗又入叁期保值交易和一般月份卖出套期保值交易。一般月份买入套期保值交 易是指建立期货合约买方 向、看涨期权合约买方向、 看跌期权合约卖方向的套 期保值持仓，一般月份卖 出套期保值交易是指建立 期货合约卖方向、看涨期 权合约卖方向、看跌期权 合约买方向的套期保值持 仓。第五条需要进行一 般月份套期保值交易的客 户应当向其开户的期货公 司会员申报，期货公司会 员进行审核后，按照本办 法向交易所办理申报手 续；非期货公司会员直接 向交易所办理申报手续。第六条申请一般月 份套期保值交易头寸的非 期货公司会员或者客户应 当具备与套期保值交易品 种相关的生产经营资格。第七条申请一般月 份套期保值交易头寸的会 员或者客户，应当提交下 列证明材料：（一）企业营业执照副本 复印件；（二）证明企业现货经营 切罐的相辛材料.加当隼"Regularmonthlonghedge"meanstakingalonghedgingpositioninfuturesandcalloptionsorashorthedgingpositioninputoptions;uregularmonthshorthedgemeanstakingashorthedgingpositioninfuturesandcalloptionsoralonghedgingpositioninputoptions.Article5AClientthatneedsaregularmonthhedgingquotashallapplytoitscarryingfuturesfirmMember(uFFMember"),whichshall,afterreviewingtheapplication,completetheapplicationprocedureswiththeExchangepursuanttotheseHedgeTradingRules.ANon-FFMembershallcompletetheproceduresdirectlywiththeExchange.Article 6 AClientorNon-FFMemberapplyingforaregularmonthhedgingquotashallhavetheproductionandbusinesslicenseoftheproductforhedging.Article 7 AMemberorClientapplyingforaregularmonthhedgingquotashallsubmitthefollowingsupportingmaterialstotheExchange:(i) aphotocopyoftheduplicatebusiness