According to the requirements of the Notice of China Futures Margin Monitoring Center (Monitoring Letter [2012] No.34), the identification standard for dormant accounts is: as of the identification date, it meets the customer's rights and interests with the account opening time of more than one year, no position in the latest year, no transaction in the latest year (including one year) and the identification date of 1000.
After the futures account is dormant, you will be prompted that you can only close the position but not open the position.
Before the account sleeps, you can activate it by making a phone call and putting in some money. However, as of July 20 17 17, the supervision stipulated that customers must go to the counter to handle new businesses, including applying for financial futures trading codes, crude oil futures trading codes, opening options business, activating dormant accounts and other businesses.
Activating dormant futures accounts is even more troublesome than opening new accounts. Now futures customers can open them whenever they want. Therefore, it is very important to prevent the existing futures account from entering the dormant state.
Ways to avoid dormancy of futures accounts;
Non-dormant futures accounts can be deposited in at least 100 1 yuan (inclusive), or futures trading can be conducted once a year, so that the accounts are not dormant.
For dormant futures accounts, according to the requirements of the regulatory authorities, customers must go to the futures company for appropriateness assessment, and they must record and video the whole process before they can activate futures accounts.