Yes.

As a Specified Domestic Product, EC contracts 

are subject to the following provisions of PBC’s 

Announcement [2015] No. 19:

“II. Domestic crude oil futures transactions shall be 

priced and settled in RMB….

“IX. A foreign trader or foreign brokerage agency may 

directly use foreign [currency] as the margin, and the 

foreign [currency] margin may not be used for the 

settlement of domestic crude oil futures funds until it 

has been settled [i.e. exchanged into RMB]….

“XIII. This Announcement shall apply, mutatis 

mutandis, to the cross-border settlement of 

transactions in other specified domestic futures 

products approved by the China Securities Regulatory 

Commission.”

In addition, Article 23 of the INE Clearing Rules provides 

that “the clearing currency at INE is RMB”; Article 74 

provides that subject to the approval of INE, foreign 

exchange and assets with stable value and high liquidity, 

such as standard warrants and book-entry government 

bonds issued by the Ministry of Finance of the People’s 

Republic of China in the Chinese Mainland, may be used 

as margin collateral.”

声明：本资料仅用于投资者教育，不构成任何投资建议。我们力求本资料信息准确可靠，但对这些信息的准确性、完整性或及时性不作保证，亦不对因使用该等信息而引发的损失承担任何责任，投资者不应以该等信息取代其独立判断或仅根据该等信息做出决策。基金有风险，投资须谨慎。