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In an EFP transaction on Chinese government bond futures, the price of the futures leg should be determined upon mutual agreement of the parties thereto, provided that such price should be within the price fluctuation limit of the futures on the day the EFP transaction is confirmed by the Exchange and should not unreasonably deviate from the prevailing market price of the Exchange-traded futures at the time when the mutual agreement was reached. CFFEX will monitor and check the reasonableness of the price of the futures leg of an EFP transaction on Chinese government bond futures.