According to the “Detailed Clearing Rules of China Financial Futures Exchange (CFFEX)”, a member shall file an application for roll-over to the CFFEX if it cannot conduct the financial futures brokerage business or if the roll-over is required by the China Securities Regulatory Commission. The CFFEX may conduct roll over the position of the member’s clients and relevant trading margin.

The roll-over application materials submitted by the member should include the declarations of approval of the transferring member and its clients and the receiving member as well as the detailed list of the client’s position for roll-over. If the receiving member or the transferring member is a trading member, it should submit the declarations of approval of the clearing members who entrust it with the clearing.

After the roll-over application is approved, the CFFEX will notify the member of the agreed date of the roll-over. After the clearing on the agreed date, the CFFEX will implement the client’s roll-over for the member and provide the transfer list to relevant members, who should check and confirm the list. If the receiving member or the transferring member is a trading member, it should submit the roll-over list to the clearing members who entrust it with the clearing for confirmation.