In view of the special risk considerations of crude oil trading, ICBC also stipulates that investors should complete the risk tolerance assessment and product suitability assessment at bank outlets or electronic channels before opening an international crude oil trading account to avoid the risks brought by blind investment.
Account international crude oil products are launched in stages, with cash delivery instead of physical delivery. Information such as transaction start date, transaction end date and settlement date are set for each product of international crude oil products in the account, and customers can buy and sell the product during the trading time from the transaction start date to the transaction end date. The specific transaction adopts the "T+0" trading mode, that is, the account crude oil share bought by the customer can be sold on the same day, and the funds obtained from selling the account crude oil share can continue to be bought on the same day, and multiple account crude oil transactions can be carried out on the trading day. The initial number of international crude oil in the account and the minimum increment unit are 0. 1 barrel. The trading methods include real-time trading and pending order trading, and the longest time is 120 hours. After the transaction, if the balance of the product still exists in the customer's trading account, the fund can be settled by referring to the settlement price in the international market at the end of the transaction.