英语翻译4、衍生金融工具的限制：(1) 除经社保基金会书面批准,委托资产中金融期货合约的市场价值不能超过委托资产净值（market value of portfolio）（不包括现金及其等价物的市场价值）的10%

英语翻译4、衍生金融工具的限制：(1) 除经社保基金会书面批准,委托资产中金融期货合约的市场价值不能超过委托资产净值（market value of portfolio）（不包括现金及其等价物的市场价值）的10%
英语翻译
4、衍生金融工具的限制：
(1) 除经社保基金会书面批准,委托资产中金融期货合约的市场价值不能超过委托资产净值（market value of portfolio）（不包括现金及其等价物的市场价值）的10%.
(2) 投资管理人不得采用衍生金融工具,实物证券以及上述两者的组合使得整个委托资产产生杠杆,即投向证券市场的委托资产总体净头寸绝对不能超过委托资产实物资产的价值.投资管理人不得采用上述工具使得整个委托资产形成净空头头寸.
(3) 禁止投资于没有实物资产支持的金融期权合约（uncovered options）.
(4) 所有衍生金融工具的到期期限（term to maturity）在1年以内（包括1年）.
5、杠杆比率（Leverage）的限制：
在任何情况下整体委托资产的杠杆比率小于或等于1.
6、交易对手信用级别的限制：
交易对手（包括债券交易、场外衍生金融工具交易以及外汇交易） （counterparty）在国际公认评级机构的信用等级必须在A级或者相当于A级以上.
7、现金及其等价物比例的限制:
委托资产中现金及其等价物比例不超过委托资产净值的10%

英语翻译4、衍生金融工具的限制：(1) 除经社保基金会书面批准,委托资产中金融期货合约的市场价值不能超过委托资产净值（market value of portfolio）（不包括现金及其等价物的市场价值）的10%
4,the derivatives restrictions:
(1) except for the social security fund written approval,the entrusted assets financial futures contract value in the market can't more than entrust net assets (market value of portfolio) (not including cash and its equivalent in market value) of 10%.
(2) the investment manager shall not using derivatives,the real securities and the combination of the two make the entrusted assets produce lever,that is,to the stock market overall net positions entrusted assets must not more than the value of the physical assets entrusted assets.Investment manager shall not use this tool to make the entrusted assets form headroom head position.
(3) prohibit investment in no physical assets of the financial support options contracts (uncovered options).
(4) all the derivatives maturity period (term to maturity) within one year (including 1 year).
5,Leverage ratio (Leverage) restrictions:
In any case the whole entrusted assets leverage ratio of less than or equal to 1.
6,counterparty credit the level limit:
Counterparty (including bond trading,outside of the financial derivatives trading,and foreign exchange trading) (counterparty) in international recognized the rating agencies credit rating in A grade or equivalent to A level or above.
7,cash and its equivalent of the proportion of the restrictions:
The entrusted assets and cash equivalents proportion is not more than 10% of the net value of the entrusted assets