LSFO futures are denominated and settled in RMB.
Overseas traders and overseas brokers may post margin
in RMB or directly in USD, but USD-denominated margin
can be used for clearing purposes only after it is converted
into RMB.
For overseas traders and overseas brokers, the purchase
and sale of RMB must be based on the actual results of
their trades in specified domestic products, and may only
be performed for payments in connection with the trading
of specified domestic products, such as the settlement of
profits and losses, payment of transaction fees, making or
receiving of delivery payment, and supplement the cash
funds for clearing purpose.
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