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REFILE-BRIEF-China INE nominates four banks to manage margin deposit for futures clients
July 4, 2017 / 11:20 AM / 5 months ago

REFILE-BRIEF-China INE nominates four banks to manage margin deposit for futures clients

(Refiles to add second reporting credit)

July 4 (Reuters) - The Shanghai International Energy Exchange Ltd, or INE, said on Tuesday it has nominated four banks to manage margin deposit for foreign futures traders and brokers.

* The four banks are Bank of China, Bank of Communications, China Merchant Bank and DBS Bank

* The INE is set to launch China’s long-awaited crude oil contract later this year (Reporting by Meng Meng and Josephine Mason, editing by David Evans)

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