ICBC Raises Margin Requirements for Individual Gold Exchange Deferred Contracts, Effective July 9

Deep News07-08

Industrial And Commercial Bank Of China Limited (ICBC) has announced an adjustment to the standard and forced liquidation margin ratios for its proxy individual clients' deferred contracts on the Shanghai Gold Exchange, citing risk management and operational needs.

Effective from the close and settlement on Thursday, July 9, 2026, the standard trading margin ratio for deferred contracts such as Au(T+D), mAu(T+D), and Ag(T+D) will be increased from 140% to 190%. The forced liquidation margin ratio will be raised from 120% to 170%.

The bank cautions that this adjustment will directly impact the sufficiency ratio of investors' margin account funds.

Investors are advised to closely monitor changes in their margin account balances and take necessary actions in advance, such as closing positions on their own initiative.

Should an investor's margin account funds become insufficient, meeting the conditions for forced liquidation, the bank will implement forced liquidation measures at an appropriate time.

Furthermore, the bank stated it will continue to adjust the forced liquidation margin ratios for relevant deferred contracts as needed, based on ongoing precious metals risk management and business requirements.

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