Margin management of precious metal trading in personal accounts of Minsheng Direct Bank?

Customers should use the personal RMB settlement account of investors (referred to as "electronic account") which is applied through the exclusive website of Minsheng Bank Direct Banking, mobile banking, WeChat Bank and other Internet self-service channels, and opened after the real-name identity authentication and approval of Minsheng Bank, as a capital account, which can be bound and used for the transfer of funds for precious metal transactions in the account, and only one electronic account can be bound at most.

After signing the contract successfully, the bound card is the fund account; Customers can transfer funds between the bound fund account and the margin account designated by Minsheng Bank through deposit and withdrawal transactions. Deposits are used for precious metal products such as gold, silver, platinum and palladium in the account. The margin ratio of customers' positions is calculated by summarizing the products in different currencies above.

The customer margin ratio is displayed in real time in online banking direct sales, mobile banking direct sales and other channels, which serves as the legal basis for Minsheng Bank to pursue strong files. In addition, Minsheng Bank provides SMS reminder service. Customers should pay attention to the margin ratio and floating profit and loss in time. In order to protect the legitimate rights and interests of customers, Minsheng Bank has established the rules of compulsory liquidation of precious metals in accounts. When the margin ratio of customers is lower than 60%, Minsheng Bank has the right but not the obligation to inform customers to add margin in time by SMS in time to avoid forced liquidation; When the customer margin ratio is less than 20%, Minsheng Bank will reserve the right to forcibly close the customer's position according to the agreement on this trading day. After the occurrence of strong ping, Minsheng Bank will issue a strong ping notice to customers through SMS. Minsheng Bank not only has the right to suspend the customer's corresponding transaction and cancel the customer's corresponding transaction pending orders, but also has the right to forcibly close the customer's precious metal contract positions (including gold, silver, platinum, palladium, etc.). In the case that the insurance recovery notice has been issued in advance, it will be implemented in accordance with the strong trading rules until the margin ratio is higher than 20%.

When customers keep accounts for precious metals, the system will automatically generate corresponding transaction records. Precious metals in accounts bought or sold by customers when they open positions are displayed one by one in the customer's position records, and the corresponding RMB amount is frozen or unfrozen from the margin account.