Attachment 3

Comparison Table of the Amendments to the Relevant Rules

1. Comparison Table of the Amendments to the Measures for Standard Warehouse Receipt Management of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough)

Original Articles	Amended Articles
Article 22	After the full settlement of the payments and other costs by the Member, OSNBP or client with the factory warehouse, the factory warehouse may submit the application for registration of the standard warehouse receipt through the electronic warehouse receipt system.

Factory warehouse applying for registration of the standard warehouse receipt shall provide bank guarantee letter or other guarantee methods recognized by the Exchange.

After the application for a standard warehouse receipt is confirmed by guarantee to the Exchange, the Exchange shall register the standard warehouse receipt.	Article 22	After the full settlement of the payments and other costs by the Member, OSNBP or client with the factory warehouse, the factory warehouse may submit the application for registration of the standard warehouse receipt through the electronic warehouse receipt system.

Factory warehouse applying for registration of the standard warehouse receipt shall provide bank guarantee letter or other guarantee methods collaterals listed below recognized by the Exchange:.

(i)	RMB funds;

(ii)	electronic bank acceptance bills;

(iii)	book-entry treasury bonds issued by the People's Republic of China within its territory;

(iv)	foreign exchange funds (currency and conversion method are determined separately by the Exchange); and

(v)	other collaterals recognized by the Exchange.

After the application for a standard warehouse receipt is confirmed by guarantee to the Exchange, the Exchange shall register the standard warehouse receipt.
Article 23	In the event of any relatively wide fluctuation in the market value of the commodities, the Exchange may require, on the basis of the market changes, the factory warehouse to adjust the amount of bank guarantee letter or other guarantee methods.	Article 23	In the event of any relatively wide fluctuation in the market value of the commodities, the Exchange may require, on the basis of the market changes, the factory warehouse to adjust the amount of bank guarantee letter or other guarantee methods, RMB funds or other collaterals.
Article 49	In the event of any violation by the factory warehouse described in Article 47 or 48, the compensation shall firstly be paid to the owner by the factory warehouse. Where the factory warehouse fails to pay such compensation or the amount of compensation is insufficient, the Exchange shall follow the following steps to pay compensation to the owner:

(i)	to make payment by using the bank guarantee submitted by the factory warehouse and other guarantee method;

(ii)	to make payment by the risk provisions;

(iii)	to make payment by using the Exchange's own assets; and

(iv)	to claim against the factory warehouse by using other means including legal procedures.	Article 49	In the event of any violation by the factory warehouse described in Article 47 or 48, the compensation shall firstly be paid to the owner by the factory warehouse. Where the factory warehouse fails to pay such compensation or the amount of compensation is insufficient, the Exchange shall follow the following steps to pay compensation to the owner:

(i)	to make payment by using the bank guarantee, RMB funds or other collaterals submitted by the factory warehouse and other guarantee method;

(ii)	to make payment by the risk provisions;

(iii)	to make payment by using the Exchange's own assets; and

(iv)	to claim against the factory warehouse by using other means including legal procedures.

2. Comparison Table of the Amendments to the Detailed Rules of No.2 Soybean Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 45	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = Delivery settlement price of the last delivery month of the soybean meal × Quantity of which shall be, but fail to be, consigned according to the required daily consignment speed × 5% + Delivery settlement price of the last delivery month of the soybean oil × Quantity of the soybean oil which shall be, but fail to be, consigned according to the required daily consignment speed × 5%	Article 45	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = One-off delivery settlement price of the last delivery month of the soybean meal × Quantity of which shall be, but fail to be, consigned according to the required daily consignment speed × 5% + One-off delivery settlement price of the last delivery month of the soybean oil × Quantity of the soybean oil which shall be, but fail to be, consigned according to the required daily consignment speed × 5%
Article 46	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 45, compensate the owner as follows: amount of compensation = Delivery settlement price of the last delivery month of the soybean meal × Quantity of the soybean meal which shall be, but fail to be, consigned according to the total quantity of the soybean meal × 5% + Delivery settlement price of the last delivery month of the soybean oil × Quantity of the soybean oil which shall be, but fail to be, consigned according to the total quantity of the soybean oil × 5%. In addition, the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment and compensation = Delivery settlement price of the last delivery month of the soybean meal × Quantity of the soybean meal which shall be, but fail to be, consigned according to the total quantity of the soybean meal × 120% + Delivery settlement price of the last delivery month of the soybean oil × Quantity of the soybean oil which shall be, but fail to be, consigned according to the total quantity of the soybean oil × 120%	Article 46	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 45, compensate the owner as follows: amount of compensation = One-off delivery settlement price of the last delivery month of the soybean meal × Quantity of the soybean meal which shall be, but fail to be, consigned according to the total quantity of the soybean meal × 5% + One-off delivery settlement price of the last delivery month of the soybean oil × Quantity of the soybean oil which shall be, but fail to be, consigned according to the total quantity of the soybean oil × 5%. In addition, the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment and compensation = One-off delivery settlement price of the last delivery month of the soybean meal × Quantity of the soybean meal which shall be, but fail to be, consigned according to the total quantity of the soybean meal × 120% + One-off delivery settlement price of the last delivery month of the soybean oil × Quantity of the soybean oil which shall be, but fail to be, consigned according to the total quantity of the soybean oil × 120%

3. Comparison Table of the Amendments to the Detailed Rules of Soybean Meal Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 38	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily consignment speed × 5%	Article 38	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = One-off delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily consignment speed × 5%
Article 39	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 38, compensate the owner as follows: amount of compensation= delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%. In addition, the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%	Article 39	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 38, compensate the owner as follows: amount of compensation= One-off delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%. In addition, the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = One-off delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%

4. Comparison Table of the Amendments to the Detailed Rules of Soybean Oil Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 35	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily consignment speed × 5%	Article 35	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = One-off delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily consignment speed × 5%
Article 36	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 35 herein, compensate the owner as follows: amount of compensation= delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%. In addition, the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%	Article 36	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 35 herein, compensate the owner as follows: amount of compensation= One-off delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%. In addition, the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = One-off delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%

5. Comparison Table of the Amendments to the Detailed Rules of RBD Palm Olein Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 36	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily consignment speed × 5%	Article 36	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = One-off delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily consignment speed × 5%
Article 37	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 36, compensate the owner as follows: amount of compensation= delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%. In addition, the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%	Article 37	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 36, compensate the owner as follows: amount of compensation= One-off delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%. In addition, the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = One-off delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%

6. Comparison Table of the Amendments to the Detailed Rules of Corn Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 39	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = delivery settlement price of the last delivery month completed of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily consignment speed × 5%	Article 39	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = One-off delivery settlement price of the last delivery month completed of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily consignment speed × 5%
Article 40	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 39 herein, compensate the owner, and the amount of compensation = delivery settlement price of the last delivery month completed of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%; the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = delivery settlement price of the last delivery month completed of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%.	Article 40	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 39 herein, compensate the owner, and the amount of compensation = One-off delivery settlement price of the last delivery month completed of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%; the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = One-off delivery settlement price of the last delivery month completed of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%.

7. Comparison Table of the Amendments to the Detailed Rules of Linear Low Density Polyethylene Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 38	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but completes the consignment of all the commodities on time, the factory warehouse shall compensate the owner.

Amount of compensation = delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which should have been consigned as per the required daily consignment speed × 5%	Article 38	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but completes the consignment of all the commodities on time, the factory warehouse shall compensate the owner.

Amount of compensation = One-off delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which should have been consigned as per the required daily consignment speed × 5%
Article 39	Where the factory warehouse fails to complete the consignment of all the commodities on time, it shall compensate the owner in addition to the compensation provided in Article 38 hereof. Amount of compensation = delivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 5%. The following procedures shall also be followed in case of such failure:

……

(2)	the Exchange will refund to the owner the payment of the commodities and compensate the owner if it fails to provide the abovementioned commodities.

Amount of refunded payment of commodities and compensation = delivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 120%	Article 39	Where the factory warehouse fails to complete the consignment of all the commodities on time, it shall compensate the owner in addition to the compensation provided in Article 38 hereof. Amount of compensation = One-off delivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 5%. The following procedures shall also be followed in case of such failure:

……

(2)	the Exchange will refund to the owner the payment of the commodities and compensate the owner if it fails to provide the abovementioned commodities.

Amount of refunded payment of commodities and compensation = One-off delivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 120%

8. Comparison Table of the Amendments to the Detailed Rules of Polyvinyl Chloride Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 38	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but completes the consignment of all the commodities on time, the factory warehouse shall compensate the owner.

Amount of compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which should have been consigned as per the required daily consignment speed × 5%	Article 38	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but completes the consignment of all the commodities on time, the factory warehouse shall compensate the owner.

Amount of compensation = One-off delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which should have been consigned as per the required daily consignment speed × 5%
Article 39	Where the factory warehouse fails to complete the consignment of all the commodities on time, it shall compensate the owner in addition to the compensation provided in Article 38 hereof. Amount of compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 5%. The following procedures shall also be followed in case of such failure:

……

(2)	the Exchange will refund to the owner the payment of the commodities and compensate the owner if it fails to provide the abovementioned commodities.

Amount of refunded payment of commodities and compensation = delivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 120%	Article 39	Where the factory warehouse fails to complete the consignment of all the commodities on time, it shall compensate the owner in addition to the compensation provided in Article 38 hereof. Amount of compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 5%. The following procedures shall also be followed in case of such failure:

……

(2)	the Exchange will refund to the owner the payment of the commodities and compensate the owner if it fails to provide the abovementioned commodities.

Amount of refunded payment of commodities and compensation = One-off delivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 120%

9. Comparison Table of the Amendments to the Detailed Rules of Coke Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 39	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation of the products = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily load out speed × 5%	Article 39	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation of the products = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily load out speed × 5%
Article 40	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 39 of the Detailed Rules, compensate the owner, the amount of such compensation for products = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%, the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%	Article 40	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 39 of the Detailed Rules, compensate the owner, the amount of such compensation for products = One-off delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%, the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = One-off delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%

10. Comparison Table of the Amendments to the Detailed Rules of Coking Coal Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 39	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation of the products = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily load out speed × 5%.	Article 39	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation of the products = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily load out speed × 5%.
Article 40	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 39 of the Detailed Rules, compensate the owner, the amount of such compensation for products = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%, the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%	Article 40	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 39 of the Detailed Rules, compensate the owner, the amount of such compensation for products = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%, the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%

11. Comparison Table of the Amendments to the Detailed Rules of Iron Ore Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 50	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but completes the consignment of all the commodities on time, the factory warehouse shall compensate the owner.

Amount of compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which should have been consigned as per the required daily consignment speed × 5%	Article 50	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but completes the consignment of all the commodities on time, the factory warehouse shall compensate the owner.

Amount of compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which should have been consigned as per the required daily consignment speed × 5%
Article 51	Where the factory warehouse fails to complete the consignment of all the commodities on time, it shall compensate the owner in addition to the compensation provided in Article 50 hereof. Amount of compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 5%. The following procedures shall also be followed in case of such failure:

……

(2)	where the Exchange fails to provide the abovementioned commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 120%	Article 51	Where the factory warehouse fails to complete the consignment of all the commodities on time, it shall compensate the owner in addition to the compensation provided in Article 50 hereof. Amount of compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 5%. The following procedures shall also be followed in case of such failure:

……

(2)	where the Exchange fails to provide the abovementioned commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 120%

12. Comparison Table of the Amendments to the Detailed Rules of Egg Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 50	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation of the products = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily load out speed × 5%	Article 50	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation of the products = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily load out speed × 5%
Article 51	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 50 of the Detailed Rules, compensate the owner, the amount of such compensation for products = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%, the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%	Article 51	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 50 of the Detailed Rules, compensate the owner, the amount of such compensation for products = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%, the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = (One-off dDelivery settlement price of the last delivery month of such commodity × 120% + discount and/or premium of the non-benchmark delivery warehouse against the benchmark delivery warehouse + packaging price) × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%
Article 54	When the eggs are being loaded out of the factory warehouse, if the owner has any objection over the quality of the eggs, negotiations shall be firstly made between the owner and the factory warehouse. …… If the re-inspection results do not meet the quality requirements for loading out from the factory warehouse, the factory warehouse and the owner shall firstly negotiate for settlement. If negotiation fails, the factory warehouse shall pay the delivery payments to the owner and bear the compensation liabilities, the compensation amount is twenty percent (20%) of the contract value of the re-inspected eggs that fails to meet the delivery requirements, which is calculated based on the higher price between the delivery settlement price and the then-current settlement price of the latest month contract of the re-inspection application date (if such day is not a trading day, the previous trading day shall be taken), and the corresponding goods shall be owned by the factory warehouse.	Article 54	When the eggs are being loaded out of the factory warehouse, if the owner has any objection over the quality of the eggs, negotiations shall be firstly made between the owner and the factory warehouse. …… If the re-inspection results do not meet the quality requirements for loading out from the factory warehouse, the factory warehouse and the owner shall firstly negotiate for settlement. If negotiation fails, the factory warehouse shall pay the delivery payments to the owner and bear the compensation liabilities, amount of refunded payment of commodities and compensation = (One-off delivery settlement price of the last delivery month of such commodity × 120% + discount and/or premium of the non-benchmark delivery warehouse against the benchmark delivery warehouse + packaging price) × Quantity of the re-inspected eggs that fails to meet the delivery requirements, the compensation amount is twenty percent (20%) of the contract value of the re-inspected eggs that fails to meet the delivery requirements, which is calculated based on the higher price between the delivery settlement price and the then-current settlement price of the latest month contract of the re-inspection application date (if such day is not a trading day, the previous trading day shall be taken), and the corresponding goods shall be owned by the factory warehouse.

13. Comparison Table of the Amendments to the Detailed Rules of Fiberboard Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 42	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation of the products = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily load out speed × 5%	Article 42	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation of the products = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily load out speed × 5%
Article 43	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 42 of the Detailed Rules, compensate the owner, the amount of such compensation for products = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%, the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%	Article 43	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 42 of the Detailed Rules, compensate the owner, the amount of such compensation for products = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%, the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%

14. Comparison Table of the Amendments to the Detailed Rules of Blockboard Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 41	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily consignment speed × 5%	Article 41	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily consignment speed × 5%
Article 42	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 41 of the Detailed Rules, compensate the owner the amount of compensation, the amount of compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%; the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%	Article 42	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 41 of the Detailed Rules, compensate the owner the amount of compensation, the amount of compensation = One-off delivery settlement price of the last dDelivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%; the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%

15. Comparison Table of the Amendments to the Detailed Rules of Polypropylene Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 38	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but completes the consignment of all the commodities on time, the factory warehouse shall compensate the owner.

Amount of compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which should have been consigned as per the required daily consignment speed × 5%	Article 38	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but completes the consignment of all the commodities on time, the factory warehouse shall compensate the owner.

Amount of compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which should have been consigned as per the required daily consignment speed × 5%
Article 39	Where the factory warehouse fails to complete the consignment of all the commodities on time, it shall compensate the owner in addition to the compensation provided in Article 38 hereof. Amount of compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 5%. The following procedures shall also be followed in case of such failure:

……

(2)	the Exchange will refund to the owner the payment of the commodities and compensate the owner if it fails to provide the abovementioned commodities.

Amount of refunded payment of commodities and compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 120%	Article 39	Where the factory warehouse fails to complete the consignment of all the commodities on time, it shall compensate the owner in addition to the compensation provided in Article 38 hereof. Amount of compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 5%. The following procedures shall also be followed in case of such failure:

……

(2)	the Exchange will refund to the owner the payment of the commodities and compensate the owner if it fails to provide the abovementioned commodities.

Amount of refunded payment of commodities and compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 120%

16. Comparison Table of the Amendments to the Detailed Rules of Corn Starch Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 40	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily consignment speed × 5%.	Article 40	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily consignment speed × 5%.
Article 41	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 40 of the Detailed Rules, compensate the owner the amount of compensation, the amount of compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%; The following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%.	Article 41	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 40 of the Detailed Rules, compensate the owner the amount of compensation, the amount of compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%; The following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%.

17. Comparison Table of the Amendments to the Detailed Rules of Ethylene Glycol Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 37	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily consignment speed × 5%.	Article 37	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily consignment speed × 5%.
Article 38	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 37 of the Detailed Rules, compensate the owner, and the amount of compensation =delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%; the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%	Article 38	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 37 of the Detailed Rules, compensate the owner, and the amount of compensation = One-off delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%; the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = One-off delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%

18. Comparison Table of the Amendments to the Detailed Rules of Polished Round-grained Rice Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 40	Where the factory warehouse fails to consign commodities as per the required daily consignment speed but completes the consignment of all the commodities on time, the factory warehouse shall compensate the owner.

Amount of compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which should have been consigned as per the required daily consignment speed × 5%	Article 40	Where the factory warehouse fails to consign commodities as per the required daily consignment speed but completes the consignment of all the commodities on time, the factory warehouse shall compensate the owner.

Amount of compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which should have been consigned as per the required daily consignment speed × 5%
Article 41	Where the factory warehouse fails to complete the consignment of all the commodities on time, it shall compensate the owner in addition to the compensation provided in Article 40 hereof. Amount of such compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 5%. The following procedures shall also be followed in case of such failure:

……

(2)	where the Exchange fails to provide the abovesaid commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 120%	Article 41	Where the factory warehouse fails to complete the consignment of all the commodities on time, it shall compensate the owner in addition to the compensation provided in Article 40 hereof. Amount of such compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 5%. The following procedures shall also be followed in case of such failure:

……

(2)	where the Exchange fails to provide the abovesaid commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities that should have been consigned according to the total quantity of the commodities × 120%

19. Comparison Table of the Amendments to the Detailed Rules of Ethenylbenzene Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 38	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily consignment speed × 5%	Article 38	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily consignment speed × 5%
Article 39	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 38 of the Detailed Rules, compensate the owner, and the amount of compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%; the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%	Article 39	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 38 of the Detailed Rules, compensate the owner, and the amount of compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%; the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%

20. Comparison Table of the Amendments to the Detailed Rules of Liquefied Petroleum Gas Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 36	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily consignment speed × 5%	Article 36	Where the factory warehouse fails to consign commodities according to the required daily consignment speed but timely completes the consignment of all the commodities, the factory warehouse shall compensate the owner.

Amount of compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the required daily consignment speed × 5%
Article 37	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 36 herein, compensate the owner, and the amount of compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%; the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = Delivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%	Article 37	Where the factory warehouse fails to timely complete the consignment of all the commodities, the factory warehouse shall, in addition to the compensation provided in Article 36 herein, compensate the owner, and the amount of compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 5%; the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above commodities, the Exchange shall refund to the owner the payment of the commodities and compensate the owner.

Amount of refunded payment of commodities and compensation = One-off dDelivery settlement price of the last delivery month of such commodity × Quantity of the commodities which shall be, but fail to be, consigned according to the total quantity of the commodities × 120%

21. Comparison Table of the Amendments to the Detailed Rules of Live Hog Futures of Dalian Commodity Exchange

(Contents newly added are in shade; contents deleted are marked with double strikethrough; and clauses unchanged are represented by ellipsis.)

Original Articles	Amended Articles
Article 47	Where the factory warehouse fails to consign the goods according to the required daily consignment speed but timely completes the consignment of all live hogs, the factory warehouse shall compensate the owner.

Amount of compensation = Price of the live hogs × Weight of the live hogs which shall be, but fail to be consigned according to the daily consignment speed × 5%	Article 47	Where the factory warehouse fails to consign the goods according to the required daily consignment speed but timely completes the consignment of all live hogs, the factory warehouse shall compensate the owner.

Amount of compensation = One-off delivery settlement price of the last delivery month of such commodity Price of the live hogs × Weight of the live hogs which shall be, but fail to be consigned according to the daily consignment speed × 5%
Article 48	Where the factory warehouse fails to complete the consignment of all the goods on time, the factory warehouse shall, in addition to the compensation provided in the Article 47 of the Detailed Rules, compensate the owner, the amount of such compensation= Price of the live hogs × Weight of the live hogs which shall be, but fail to be consigned × 5%; the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above goods, the Exchange shall refund to the owner the payment of the goods and compensate the owner.

Amount of refunded payment of goods and compensation = (Price of the live hogs × 120% + premium/discount between the non-benchmark delivery warehouse and the benchmark delivery warehouse) × Weight of the live hogs which shall be, but fail to be consigned.	Article 48	Where the factory warehouse fails to complete the consignment of all the goods on time, the factory warehouse shall, in addition to the compensation provided in the Article 47 of the Detailed Rules, compensate the owner, the amount of such compensation = One-off delivery settlement price of the last delivery month of such commodity Price of the live hogs × Weight of the live hogs which shall be, but fail to be consigned × 5%; the following procedures shall apply to such failure:

……

(2)	where the Exchange fails to supply the above goods, the Exchange shall refund to the owner the payment of the goods and compensate the owner.

Amount of refunded payment of goods and compensation = (One-off delivery settlement price of the last delivery month of such commodity Price of the live hogs × 120% + premium/discount between the non-benchmark delivery warehouse and the benchmark delivery warehouse) × Weight of the live hogs which shall be, but fail to be consigned.
Article 52	The price of the live hogs and the premium/discount between non-benchmark delivery warehouse and benchmark delivery warehouse as provided in the Articles 38, 46, 47, 48 and 50 of this Chapter shall be the current-month contract settlement price on the deregistration date of the standard warehouse receipt and corresponding premium/discount. If the current-month contract has been delisted on the deregistration date of the standard warehouse receipt, the delivery settlement price of the one-off delivery of the current-month contract and the corresponding premium/discount shall apply; if the current month is not a contract month, the delivery settlement price of the one-off delivery of the previous contract month and the corresponding premium/discount shall apply.	Article 52	The price of the live hogs and the premium/discount between non-benchmark delivery warehouse and benchmark delivery warehouse as provided in the Articles 38, 46 , 47, 48 and 50 of this Chapter shall be the current-month contract settlement price on the deregistration date of the standard warehouse receipt and corresponding premium/discount. If the current-month contract has been delisted on the deregistration date of the standard warehouse receipt, the delivery settlement price of the one-off delivery of the current-month contract and the corresponding premium/discount shall apply; if the current month is not a contract month, the delivery settlement price of the one-off delivery of the previous contract month and the corresponding premium/discount shall apply.