At this time, many domestic investors began to plan to make a fortune at the bottom. "Crude Oil Treasure" is a trading product linked to domestic and foreign crude oil futures contracts issued by China Bank for individual customers. Individual customers can realize the two-way choice of long and short crude oil trading tools as long as they open the corresponding comprehensive margin account in the bank and deposit the full margin when signing the agreement.
According to industry insiders, BOC's crude oil products have expanded on a large scale because of the sharp drop in oil prices. However, China Bank's risk control measures obviously failed to keep up, which eventually led to major liquidity problems, which caused all the investors' principal to be lost, and even the phenomenon of "backward posting" appeared.
Because of this incident, crude oil treasure was pointed out by investors that there was a "rolling lag loophole". On May 6, 2020, china securities journal reported that BOC was willing to bear the negative price loss of customers for Crude Oil Treasure, and compensate the difference below 20% of the deposit according to the specific situation of customers.
I thought this was the end of the matter, and according to relevant reports, BOC has signed settlement contracts with more than 80% customers of Crude Oil Treasure.
The "crude oil treasure" incident sounded the alarm for the risk of bulk commodity trading in bank accounts. The relevant person in charge of the China Banking Regulatory Commission also said that bank insurance institutions should further improve their risk management and control capabilities and improve the level of financial services. In addition, financial consumers should be reminded to "invest rationally and enhance their risk awareness".
It may be because of the influence of this matter, or it may be because the bank realizes the importance of this aspect. Recently, individual banks have begun to "think" about their future.
No one knows what the market for risky products is like, and the "crude oil treasure" incident is a typical example. Therefore, at present, some banks have begun to modify the name and expression of the risk level of personal products, and also highlighted some important words such as "non-capital preservation" and "floating income".
For example, Bank of Communications Co., Ltd. issued the Notice on Adjusting the Name of Personal Product Risk Level and the Expression of Personal Risk Tolerance Level on May 12, 2020.
For example, after the "conservative" customer risk tolerance level, its "customer risk tolerance level expression" is written like this: "unwilling to accept the loss of principal, with the safety of funds as the primary goal"; After the "robustness" level, the content of the expression is: "Willing to bear a low degree of investment risk, suitable for investing in investment tools with relatively small principal risk and certain appreciation ability".
In addition to these two risk levels, there are balanced, growth, enterprising and radical. Of course, the corresponding risks are also increasing. In the "radical type", it is the first time to warn customers that "all the principal may be lost".
In fact, with "high returns", it must be "high risks". It is a desirable behavior for banks to directly tell investors about the risks. This can educate investors about risks. Investment is risky, be careful!