On the 26th, Dalian Commodity Exchange (DCE) issued a notice to add China Minsheng Bank and China Everbright Bank as futures margin depository banks. So far, DCE has designated 9 futures margin depository banks.
The two banks applied to DCE for launching the depository business last year, passed DCE’s first-phase examination and approval for qualification last September and submitted the materials related to the preparations for opening the depository business in January. After examination and verification, the two banks have met all of DCE’s requirements for the qualification for the depository business of futures margin, and as of February 26, the two banks serve as DCE’s designated depository bank of futures margin.
In order to strengthen the capacity of the futures market for serving the real economy, since last year, DCE has taken the opportunity of the liberalization of the qualification for the depository business of futures margin to energetically promote the cooperation between the banking and futures sectors, and explored new ways of all-win effect in product development and service for clients by giving play to the banks’ advantage in resources. Up to now, in addition to the 9 designated futures margin depository banks, DCE has signed the agreements on the business of pledge by standard warehouse receipts with 12 banks and vigorously inked strategic cooperation agreements with relevant banks, setting the cooperative directions in services, products, channels, resources, information, research and other aspects for the two sides on the basis of the future development strategies and their own strengths.
A DCE official said that this year DCE will join hands with relevant banks to firmly center on serving the real economy, constantly strengthen the development of the systems and mechanisms for the banking-futures cooperation, deepen the current cooperation, audaciously explore and innovate the concrete contents and ways of the banking-futures cooperation, and strive to push the cooperation to a new level.