Lost the principal, lost the money! Does BOC crude oil treasure commit a foul or not?

In fact, it can be seen from this court's judgment that although China Bank's crude oil treasure project can't directly determine that there are irregularities, their demands on these investors are certainly unreasonable, because most investors have lost all their principal and demanded compensation from others, and other losses are obviously unreasonable. Netizens are also talking about this matter. So I will share some of my views on the world with you here, which I like.

What happened.

Presumably at that time, even people who knew nothing about futures had already learned about this incident, that is, at that time, because the price of crude oil fell, people who bought crude oil at that time lost all their money. However, we all know that the price of crude oil at that time has fallen to negative, so according to the trading principle of the international market, the futures purchased also need to be paid, so people who buy BOC crude oil treasure also need to pay compensation to keep accounts.

Handling of banks

At that time, BOC believed that all buyers should share the losses, but it was opposed by everyone, because first of all, although everyone bought crude oil, the purchase method was actually completed through Bora, so it was not futures in a strict sense and should not be responsible for the decline in crude oil prices. They can admit that their investment failed, but after losing the principal, they can't recognize themselves, and even need to post some money backwards.

The judgment of the court.

At present, the incident has been settled, and the court held that BOC's request was unreasonable. Bank of China's crude oil treasure should bear the main losses this time. Of course, the principal can't be recovered. After all, investment is risky, but the extra compensation is definitely not required from investors. Moreover, during the investigation, they also found that the China Bank's crude oil treasure project itself had certain risks and management loopholes, which led to this loss.