Hedging is a risk avoidance strategy where a trader buys (sells) futures contracts whose underlying asset is of identical type and similar quantity to the commodities to be sold (bought) in the spot market, so that losses suffered in one market will be mostly offset by the gains made in the other market regardless of the price fluctuations in the spot market. In relation to the hedging positions in an EC contract, the regular months are the period from the listing day to the eighth trading day before the last trading day; the nearby delivery month is the period from the seventh trading day before the last trading day to the last trading day. INE manages hedging positions in EC contracts through a review and approval system. Clients should apply for a hedging quota through their account-opening institutions, which will complete the application process with INE after reviewing the application materials. Non-FF Members and OSNBPs should directly apply to INE for the hedging quota.

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。