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Announcement for Measures of Funds Settlement and Management in the Iron Ore Spot Pricing Trading of Beijing Iron Ore Trading Center (Trial)

Dear COREX members

Measures of Funds Settlement and Management in the Iron Ore Spot Pricing Trading of Beijing Iron Ore Trading Center (Trial) will be released in order to regulate funds settlement and management and secure funds of both parties in iron ore spot pricing trading.

Such measures will take effect from the issuing date.

Attachment: Measures of funds settlement and Management in the Iron Ore Spot Pricing Trading of Beijing Iron Ore Trading Center (Trial)

Beijing Iron Ore Trading Center Corporation

31 JULY, 2017