The crude futures on INE is denominated in Renminbi (RMB) and
it’s cleared and settled in RMB as well. Overseas investors and
qualified overseas brokers can also post USD as margin.
Any purchase and sales of foreign exchange shall match the crude
futures’ trading result of an oshore traders or a qualied overseas
brokers. The money exchange can only be executed for mark
to market for crude futures trading, futures trading related fees,
physical delivery, and other money exchange needs related to
cruder futures trading.
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