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How many times can Dalian Stock Exchange withdraw cash a day?
Official website of Dalian Commodity Exchange shows that Dalian Commodity Exchange has no clear restrictions on the number of times to withdraw orders, but there are the following points to pay attention to:
Withdrawal refers to the business that a member applies to the depository bank to transfer funds from the special settlement account of the exchange.
The application for cancellation must be submitted within the time specified by the exchange, generally at 9:00- 15:00 and 16:00- 17:00 on each trading day.
The withdrawal application must meet the minimum withdrawal amount and minimum settlement reserve balance requirements stipulated by the exchange. According to the settlement management measures of Dalian Commodity Exchange, the minimum balance of settlement reserve for members of futures companies is 2 million yuan, and the minimum balance of settlement reserve for members of non-futures companies is 500,000 yuan.
The application for withdrawal must be submitted by the clearing and delivery personnel authorized by the member through the way stipulated by the exchange, and the clearing and delivery personnel certificate must be presented.
Once the withdrawal application is submitted, it shall not be revoked or modified.
After the Exchange approves the withdrawal application, the Exchange will transfer the funds to the special deposit account opened by the member in the depository bank on the same day or the next day.
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