Example: Assume a client has no existing position on SC2309 

and submits a limit order (not TAS) for 10 lots of SC2309 as “short, 

general, and open”. After 4 lots are lled, the client will hold 4 lots 

of short, general, and today’s position on SC2309. If the client then 

places and executes a TAS “long, general, close today” order for 1 

lot at 0 yuan/barrel, the client will hold 3 lots of short, general, and 

today’s position on SC2309.

If at market close the settlement price of SC2309 is determined to 

be 559.6 yuan/barrel, then the 1 lot lled through the TAS order 

will be nally traded at 559.6 yuan/barrel.

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