Due to learning from the Bank of China’s “Crude Oil Treasure” incident, many banks announced: suspension.

Precious metals have been rising rapidly recently. Based on the consideration of risk control, many domestic banks have issued notices to suspend the opening transactions of all platinum, palladium and precious metal index products in the account. Analysts believe that the bank's move may be due to concerns about potential risks caused by price fluctuations in precious metals.

Many banks have suspended account opening transactions for precious metals

Many domestic banks have issued notices to customers that they will suspend account opening transactions for precious metals due to the recent fluctuations in international platinum and palladium prices. Frequent and violent.

Extended information

Industry analysts analyzed that many banks pressed the "pause button" mainly out of risk considerations. Recently, the prices of gold and silver have soared, and the market volatility has been huge. Improvement, but most investors do not have professional knowledge in the field of precious metals. Taking ICBC as an example, customers whose risk assessment is "balanced" or above can invest, which undoubtedly increases the bank's concerns about risk control for its customer groups.

NYMEX platinum and palladium contract units are relatively large and the liquidity is not very good. The minimum trading unit for bank paper platinum and paper palladium is generally 1g. If you use NYMEX platinum and palladium futures for hedging, when platinum and palladium prices fluctuate greatly, the bank's own risks will be relatively high.

Jingchu.com-“Sequelae” of Crude Oil Treasure? Many banks have suspended the opening of accounts for platinum and palladium positions

China Economic Net-Many banks have suspended the opening of accounts for precious metals. Should we learn from the crude oil treasure incident?