[Notice] Huobi Futures Adjusts the Settlement Time of Funding Mechanism for Coin-Margined Swaps

Dear valued users,

To provide you with better trading experience, Huobi Futures plans to adjust the settlement time of the funding mechanism for Coin-margined Swaps trading from 12:00, 20: 00 and 04:00 to 00:00, 08:00 and 16:00. After the adjustment, 16: 00-00: 00 (+1 day) is a period with settlement time 00:00; 00: 00-08: 00 is a period with settlement time 08:00; and 08: 00-16:00 is a period with settlement time 16:00. The above times are all GMT + 8 time.

The current average premium index is adjusted from the arithmetic mean of all premium indices in the last hour of current period to the arithmetic mean of all premium indices in the last 8 hours of current period.

The above updates will take effect from 16:00 on October 20, 2020 (GMT+8). After the funding settlement at 12:00 on October 20, the next settlement time will be adjusted to 16:00, and the arithmetic mean of all premium indices in 12:00-16:00 shall be used as the average premium index. The subsequent settlement time will be carried out based on the new settlement time.

For details of funding calculation, please click https://support.hbfile.net/hc/en-us/articles/900000106903-Funding-Calculation

Thank you for your support to Huobi Futures!

 

Huobi Futures

Oct. 19, 2020

 

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