Party B: _ _ _ _ _ _
Party A and Party B enter into this contract on the basis of equal consultation and honesty and credit, concerning the provision of futures trading services by Party A to Party B..
Chapter I Entrustment
Article 1 Party B entrusts Party A to conduct futures trading for Party B according to Party B's trading instructions; Party A accepts the entrustment of Party B and conducts futures trading for Party B according to Party B's instructions.
Article 2 Party A shall execute Party B's trading instructions according to the trading rules of the futures exchange. Party A has the obligation to transfer the transaction result to Party B, and Party B has the obligation to take full responsibility for the transaction result.
If part or all of Party B's trading instructions cannot be closed due to reasons other than Party A's, Party A shall not be responsible.
Chapter II Margin
Article 3 The minimum deposit standard for Party B to open an account is RMB _ _ _ _ _ _.
The deposit can be paid in cash, promissory notes, drafts and checks. Where the deposit is paid in the form of promissory note, draft or cheque, the transaction can only be started after Party A's bank confirms the receipt of Party B's funds.
Article 4 All funds, treasury bills or standard warehouse receipts of Party B can be used as collateral provided by Party B to Party A only after Party A agrees ... After the mortgage relationship is formed, Party A has the right to use or transfer Party B's collateral as necessary deposit or reduce Party B's account deficit to maintain the balance of account borrowing and lending. Within a reasonable time, Party A will confirm the use or transfer of the collateral to Party B in writing. Meanwhile, Party B authorizes Party A to pledge or otherwise dispose of its pledge. Party A has no obligation to pay Party B any interest or income arising from the above-mentioned property disposal.
Article 5 Party B shall ensure the legality of its sources of funds. Party A has the right to ask Party B to provide an explanation of the source of funds, and Party B shall undertake the obligation to ensure the authenticity of the explanation. When necessary, Party A may require Party B to provide relevant certificates.
Article 6 Party A has the right to adjust the margin ratio according to the provisions of the futures exchange or market conditions. Party A's margin adjustment shall be subject to the announcement or notice of margin adjustment issued by Party A. ..
Article 7 When Party A thinks that the open contract held by Party B is risky, it has the right to independently increase the margin ratio of Party B.. In this case, the notice of raising the deposit will be sent to Party B separately.
Chapter III Compulsory Liquidation
Article 8 Before issuing new trading orders or during the period of holding positions, Party B shall always pay attention to the influence of changes in its positions, deposits, rights and interests, laws and regulations and exchange rules on its positions.
Article 9 Party A uses the risk rate to calculate the risk of Party B's futures trading. The calculation method of risk rate is: risk rate = available funds? Position margin
Article 10 When Party B's risk rate is less than 0 due to trading losses or other reasons, Party A will issue a notice of additional margin to Party B in the way agreed in the futures brokerage contract, and Party B shall timely add margin before the opening of the next trading day, and prohibit the opening of new positions. What is the risk rate of being Party B? At -40%, Party B shall promptly increase the margin or take measures to reduce the position before the opening of the next trading day, otherwise Party A has the right to forcibly close part or all of Party B's open positions without prior notice until Party B's risk rate reaches? o; When the market price changes drastically, Party A has the right to adopt the principle of dynamic risk control. When Party B's risk rate reaches the above conditions, Party A will forcibly close part or all of Party B's open contracts until Party B's risk rate reaches? O party b shall bear the handling fee for compulsory liquidation and the losses arising therefrom.
Article 11 As long as the closing price and closing quantity selected by Party A are within the reasonable range under the current market conditions, Party B promises that it will not claim the rights and interests from Party A because it fails to choose the best price and quantity at the time of forced closing.
The term "reasonable scope" as mentioned in the preceding paragraph refers to the compulsory liquidation with appropriate skills, prudence and diligence in accordance with the professional standards of the futures brokerage industry.
Article 12 Unless Party B explicitly states in writing in advance and is confirmed by Party A, Party A shall uniformly calculate the risks of Party B's open contracts in different futures exchanges. When Party B's margin is insufficient to make Party B's trading risk meet the above risk control conditions, Party A has the right to stop Party B from opening new positions and close the open positions held by Party B. ..
When Party B actually controls multiple trading accounts, Party A has the right to calculate the risks in combination.
Article 13 Due to the different coding rules of futures exchanges, Party B may have different trading codes in different futures exchanges. In this case, when Party B has both profits and losses under different trading codes, Party B may not request to withdraw the profit part before the loss part is fully covered.
Chapter IV Notice Matters
Article 14 Party A shall issue a notice of additional margin to Party B through daily customer transaction settlement. Regardless of whether Party B is notified in this way, Party A will provide a written notice to Party B at the trading place as soon as possible, and Party B will accept the notice. ..
Party A shall provide Party B with the daily customer transaction statement (including margin notice), other exchange notices and Party A's notice documents after the closing of the market on each trading day according to the way of collecting it at Party A's business premises. Party A shall provide one of the following services for Party B to obtain customer transaction statements and other matters when conditions permit: fax () and online inquiry ().
Party A shall provide Party B with the monthly transaction settlement report of last month in the form of receiving the written monthly transaction settlement report from the settlement department of Party A within 5 working days after the transaction of last month ... Party A shall provide one of the following services for Party B to obtain the monthly transaction settlement report: fax () and mail ().
Before the opening of each trading day, if Party B fails to obtain the customer transaction statement (including the notice of additional margin) provided by Party A for some reason, Party B is obliged to ask Party A for it in time. If Party A fails to receive Party B's demand application before the opening of the market, it shall be deemed that Party B has obtained the daily customer transaction statement (including the notice of additional margin) provided by Party A in the agreed way.
If Party B fails to obtain the monthly report of last month's transaction settlement provided by Party A in the agreed way within 5 working days after the end of last month's transaction, Party B is obliged to ask Party A for it in time. If Party A fails to receive Party B's application within 5 working days after the end of last month's transaction, it shall be deemed that Party B has obtained the monthly transaction settlement report provided by Party A in the agreed way.
Article 15 If Party B has any objection to the items recorded in the daily trading report provided by Party A, it shall submit a written objection to Party A before the opening of the next trading day; If there is any objection to the matters recorded in the monthly transaction settlement report, it shall submit a written objection to Party A within 7 working days after the transaction ended last month. Within the time stipulated in this clause, Party B has neither confirmed the items recorded in the daily customer transaction statement, nor raised any written objection to Party A.. Whatever the reason, it shall be regarded as Party B's confirmation of the recorded matters, and Party A will no longer accept the objection raised by Party B, and the losses caused thereby shall be borne by Party B..
Article 16 Where Party A or Party B requests to change the matters agreed in this chapter, it shall notify the other party in time and take effect after being confirmed by the other party. Otherwise, the party shall be responsible for the delay or loss caused by the notice.
Chapter V Designated Matters
Article 17 Party A accepts the trading instructions of Party B or the issuing bank authorized by Party B. Party B authorizes any of the following persons to be the order issuer of Party B: _ _ _ _ _ _ _ _ _.
Article 18 Party A accepts the instruction of fund allocation from Party B or the fund allocator authorized by Party B. If two or more people sign the payment at the same time, special instructions are required, otherwise, the signature of any fund allocator is valid. Party B authorizes the following personnel to be Party B's fund allocator: _ _ _ _ _ _ _ _ (Note: corporate customers need to affix their financial seals)
Article 19 Party B uses the following mailing address and mailing number as the effective address and mailing number for business dealings between Party B and Party A: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Article 20 If Party B needs to change the order issuer, fund distributor or business dealings, it shall notify Party A in writing and take effect after being confirmed by Party A according to the prescribed procedures. If Party B fails to notify Party A in writing in time, the losses caused thereby shall be borne by Party B. ..
Unless explicitly stated by Party B in advance, the authorized personnel of Party B have the right to exercise any rights of Party B in this contract. Party A may also directly contact the authorized personnel of Party B and/or perform the terms of the contract. The behavior of the personnel authorized by Party B shall be directly borne by Party B. ..
Chapter VI Issuance of Instructions
Article 21 Party B's trading instructions may be issued in writing, by telephone or by computer. Written parties