2. Futures companies of trading and clearing members may accept the entrustment to handle financial futures settlement business for their clients, and may not accept the entrustment of non-settlement members to handle financial futures settlement business for them.
3. A general settlement member futures company may be entrusted to handle financial futures settlement business for its customers and non-settlement members.
4. If the balance of the settlement reserve fund of non-settlement members is lower than the minimum balance stipulated or agreed, it shall add a margin in time or close the position on its own. If a non-settlement member fails to add margin or close his position by himself within the time stipulated in the settlement agreement, the general settlement member futures company has the right to forcibly close his position.
5. A general settlement member futures company shall open a futures margin account at the futures margin depository bank to deposit the deposits of customers and non-settlement members. The futures margin account of a general settlement member futures company shall be managed separately from its own capital account. A general settlement member futures company shall open an internal special account for each non-settlement member for detailed accounting.
6. A general settlement member futures company shall collect the margin from non-settlement members according to the margin standard agreed in the settlement agreement. The margin charged by a general settlement member futures company to a non-settlement member shall not be lower than the margin standard charged by a futures exchange to a general settlement member futures company.
Exercise exercise.
1. The following statement that non-settlement members object to transaction settlement is incorrect ().
A. it should be submitted in writing.
B it shall be submitted within the time specified in the settlement agreement.
C. it can be submitted to the futures exchange.
D if no objection is raised within the agreed time, it shall be deemed as confirmation.
Reference answer: C.
Reference analysis: According to Article 20 of the Trial Measures for Financial Futures Settlement Business of Futures Companies, if a non-settlement member has any objection to the contents of the transaction settlement report, it shall submit a written objection to the futures company of the full settlement member within the time stipulated in the settlement agreement; If a non-settlement member has no objection to the contents of the transaction settlement report, it shall confirm it in the way agreed in the settlement agreement. If a non-settlement member neither confirms nor raises any objection to the contents of the transaction settlement report within the time specified in the settlement agreement, it shall be deemed as the confirmation of the contents of the transaction settlement report.
2. Trading orders issued by non-settlement members shall enter the futures exchange after being examined or verified by ().
A. Full settlement of member futures companies
B. China Futures Association
C. China Securities Regulatory Commission and its dispatched offices
D. Administration for Industry and Commerce
Reference answer: a
Reference analysis: Article 19 of the Trial Measures for Financial Futures Settlement Business of Futures Companies stipulates that trading orders issued by non-settlement members shall enter the futures exchange after being reviewed or verified by the futures companies of full settlement members.
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