1) investment silver products: the standard silver bar size is 1 kg, and the purity is ≥99.99%.
2) The minimum unit for ordering and repurchasing silver is 1kg.
3) Silver is based on the international spot silver market price, combined with the domestic precious metal market price and the benchmark exchange rate of RMB against the US dollar of the People's Bank of China to provide customers with real-time quotations of RMB.
4) Silver quotation unit: RMB/gram, and the quotation is accurate to 0.00 1 yuan.
Article 2 Purchase orders and repurchase methods
According to the quotation provided by the platform, customers can choose to order and buy back the subject matter according to their own situation, or they can choose to buy back the subject matter in advance (hereinafter referred to as "advance payment").
1) Full payment method
If the customer chooses to purchase the subject matter in full, Ruifa Yuguang shall deliver the subject matter in the corresponding amount within the time agreed by both parties after the full payment is settled.
If the customer chooses to sell the subject matter in full, it shall immediately deliver the corresponding quantity of the subject matter, and pay the full amount to the customer after the inspection by the platform.
2) Prepayment method
When customers buy the subject matter in advance, they must pay off the balance and processing and circulation expenses before they can take the physical object. At the same time, the platform cancels the original prepayment purchase instruction, and the customer can take the subject matter at the agreed time. Customers can also choose not to pick up the subject matter, sell the subject matter through the platform, and bear all the profits and losses and expenses arising from repurchasing the order. When the customer sells the subject matter in advance, he can choose to deliver the subject matter at the agreed time, and charge the full amount and pay the relevant fees according to the time and price of the sale, and the platform will cancel the original prepayment sale instruction; Customers can also choose not to deliver the subject matter, buy back the subject matter through the platform, and bear all the profits and losses and expenses arising from the order repurchase.
Article 3 Transaction Process of Full Payment Method
1) If the customer purchases the subject matter in full, the process is as follows:
① Fill in the precious metal sales voucher;
② The customer chooses the buying time and fills in the buying price;
③ Calculate the total price, and the customer pays the full amount;
④ At the appointed time, the customer picks up the subject matter.
2) If the customer sells the subject matter in full, the process is as follows:
① Fill in the metal sales voucher;
② The customer chooses the sales time and fills in the sales price;
③ Calculate the total price, and the customer pays the subject matter;
(4) The settlement price after inspection.
Article 4 The process of opening an account by prepayment method
1) The customer accepts the rules of precious metal purchase order, provides valid certificates such as his ID card and relevant materials, fills in the application form for precious metal purchase order and the customer agreement, and submits it for review.
2) Obtain the order repurchase account after approval.
3) After obtaining the order repurchase account, the customer can log in to the "Precious Metal Products Spot and Repurchase System" and sign a special account for e-commerce bank, and then start trading.
Article 5 Prepayment Method for Order Repurchase
1) prepayment ratio
When the customer chooses to buy back the subject matter in advance, the required advance payment is an integer multiple of the real-time price 1 kg of silver, and the specific advance payment ratio can be chosen by the customer voluntarily according to his own situation. The platform has the right to adjust the advance payment ratio according to market conditions.
2) Advance payment access
The bank and account number filled in by the customer when signing the customer agreement shall be his own bank account, that is, the advance payment designated by the customer shall be transferred to the transfer-out account and shall not be changed at will. Customers are obliged to ensure the availability of bank accounts, otherwise the transfer of funds will be delayed and the consequences will be borne by customers.
3) Risk management
Risk is used to measure the risk of customers ordering and repurchasing repurchase accounts through prepayment. The risk calculation method is as follows:
Risk rate = (total customer funds ÷ used advance payment) × 100%
Total customer funds = used advance payment+available advance payment
The greater the risk value, the safer the account, and the smaller the risk value, the greater the risk of the account. When the risk of a customer placing an order to repurchase an account is ≤ 100%, the platform has the right to remind the customer of the risk. It is suggested that customers should add advance payment or partial settlement as soon as possible after receiving the risk warning to reduce the risk. In order to control risks, the customer authorizes to settle all or part of the customer's order repurchase account when the risk rate of the customer's order repurchase account is ≤70%.
4) Time of purchase
Every Monday from 07:00 to Saturday from 04:30 Beijing time (except the settlement time, the international market is closed, and the order repurchase service cannot be provided due to system maintenance and upgrade or other reasons). )
5) Confirmation of order repurchase transaction
If the customer has any objection to the result of the order repurchase, it must submit it to the platform in writing within one working day after the order repurchase instruction is issued. If the customer does not raise any objection within the above time limit, it shall be deemed as the customer's confirmation of the customer's transaction results recorded on the platform.
After the customer raises an objection, it shall timely verify the original order repurchase instruction record and the order repurchase result record. When there are objections to matters directly related to the results of order repurchase, we have the right to make partial or full settlement of the order repurchase related to the objections in order to avoid the possible occurrence or expansion of losses.
Article 6 Delivery of Subject Matter
1) Delivery of the subject matter under two order repurchase methods.
If the customer purchases the subject matter in full, he must pay the full amount according to the purchase price at that time and pick up the subject matter at the agreed time. If the customer sells the subject matter in full, he must deliver the subject matter immediately and charge the full fee according to the selling price at that time.
When the customer purchases and applies for the withdrawal of the subject matter in advance, he must pay the balance and related expenses at the designated delivery place according to the price at the time of purchase. At the same time, the platform will cancel the advance payment purchase instruction, and the customer will pick up the subject matter at the agreed time.
If the customer sells the subject matter in advance and applies for delivery, he must deliver the subject matter at the designated delivery place and the agreed time, and collect the full amount and pay the relevant fees according to the price at the time of sale. At the same time, the platform will cancel the original advance payment selling instruction.
Delivery time: 09:00 to 17:00 (Beijing time) on working days.
Delivery place: designated by the platform.
2) The customer extracts the subject matter.
Where the customer purchases and withdraws the subject matter in advance, it shall be an integral multiple of the subject matter.
Under normal circumstances, the delivery appointment time of silver is as follows:
Pick-up Quantity (Q) Pick-up Time Limit
Within 7 working days 1kg ≤ Q < 250kg.
/kloc-more than 250kg within 0/5 working days.
If the customer purchases and picks up the subject matter in advance, the handling fee and inventory fee charged by the platform will not be refunded.
3) Customer delivers the subject matter
Buy back precious metal products at the quoted price, without any extra charge. Precious metals and their packages, certificates, sales vouchers and anti-counterfeiting labels must be intact, otherwise customers must pay inspection fees.
Products delivered by customers to other refineries or companies must reach the standard purity of precious metals sold on the platform and pay inspection fees. When customers deliver other kinds of precious metals, they should first convert them into corresponding quantities of precious metal products according to their purity, and then settle accounts according to the converted quantities, and pay inspection fees.
Customers who want to buy precious metal products must make an appointment two working days in advance.
After the subject matter delivered by the customer passes the inspection, the platform pays the price to the customer by bank transfer. If it is less than 1 10,000, transfer money immediately after inspection; /kloc-RMB 0/100,000 yuan or more/kloc-RMB 0/100,000 yuan or less, it will be transferred within three working days after acceptance; 100000 yuan and above, transfer within seven working days after acceptance.
If the customer sells the delivered subject matter in the form of advance payment, the corresponding advance payment will be refunded to the customer, and the collected handling fee will not be refunded.
Article 7 Related expenses
The following expenses in this article are all calculated in RMB.
1) Service fee:
Customers buy and sell the subject matter in advance, and the service fee is 6 yuan/kg.
2) Processing and circulation costs:
If the customer purchases the subject matter in full, or chooses to withdraw the subject matter after purchasing the subject matter in advance, no handling fee will be charged, but the processing and circulation fee will be charged. Processing and circulation fee purchased 1 yuan/gram.
3) Inspection fee:
If the customer sells the subject matter in full or chooses to deliver the subject matter in advance, no handling fee will be charged, but the inspection fee will be charged according to the following provisions:
If the customer delivers precious metals, and the precious metals and their packaging, certificates, sales vouchers and anti-counterfeiting labels are all in good condition, only the service fee will be charged. Otherwise, if the silver is repurchased, the customer will have to pay the inspection fee of 0.2 yuan/gram.
4) Depreciation expense:
When precious metal products are repurchased, if the silver delivered by customers is lower than the weight at the time of purchase, depreciation charges will be incurred, which will be charged according to the standard of the actual weight of the subject matter of 0.2 yuan/gram.
5) Inventory cost:
After the customer purchases the subject matter in full or in advance, the subject matter of the corresponding amount will be kept by the platform optical storage until the period of extraction or settlement, and the inventory expenses incurred will be borne by the customer. The silver inventory fee is charged at 0.8 yuan/kg per day, with 04:30 am the next day as the inventory fee settlement point. If the goods are not delivered or settled before 04:30 am on Saturday and Sunday, the inventory fee will be charged.
6) Price difference:
Quote the order and repurchase price to customers with reference to the international spot silver market price, that is, quote the order price to customers at a higher price and the repurchase price to customers at a lower price. The difference between the buying price and the selling price is relatively fixed under normal circumstances. Under abnormal changes in market liquidity or other extreme circumstances, it is possible to expand or narrow the spread.