Bank of China will bear all the losses of the plaintiff, including 20% ??of the principal loss. Is this reasonable result?

It is reasonable, because this financial product itself has problems. The China Banking and Insurance Regulatory Commission also pointed out that the bank did not take the relevant risks into account when designing the product, so it is reasonable for the bank to compensate customers. Several months have passed since the Crude Oil Treasure incident last year, but on the first day of the New Year, the Crude Oil Treasure incident once again ushered in new progress. Recently, the Jiangsu court pronounced a case involving a dispute over Crude Oil Treasure, which ultimately bound the promotion bank of Crude Oil Treasure. Bank of China must bear the customer's loss of position and 20% of the principal loss, and the bank must also pay related fund occupation fees. This is also the first time since the Crude Oil Treasure incident that a court has pronounced a verdict on the incident.

According to the information announced by the court, Crude Oil Bao was established two years ago and uses a 100 margin trading method. This product does not have the characteristics of futures leverage trading, so the purchase signed by both parties The agreement is legal and valid. Although the bank warned of risks through text messages in the product design, it did not take into account the extreme situation of the original futures price, nor did it fully warn of similar risks. And most importantly, the bank did not implement the agreement. , the clause of closing the position promptly when the margin drops to more than 20%, so the bank should be responsible for this loss time, so it was ultimately judged that the bank must compensate the customer for all losses.

In fact, the China Banking and Insurance Regulatory Commission announced its penalty results earlier, and determined that the bank had violated regulations when designing, promoting and selling products, so it imposed a fine of 50.5 million yuan on the institution and a fine of 500,000 yuan on the relevant responsible persons. , and require banks to compensate customers for related losses.

However, the result of this court judgment shows that the bank must not only compensate the customer for the loss, but also compensate 20% of the principal and the occupation expenses of the related funds. This is tantamount to increasing the bank’s compensation. It is time to pronounce the judgment. Finally, both parties reached an agreement and decided to compensate. The client also agreed and stated that it would no longer sue.