What are the compulsory liquidation rules for precious metals trading in personal accounts of Minsheng Direct Bank?

1. customers should pay attention to the trading profit and loss and the margin ratio in time, and make up the margin in time or close the positions of precious metal products in corresponding accounts if necessary.

2. customers should pay attention to the margin ratio and floating profit and loss in a timely manner. In order to protect the legitimate rights and interests of customers, Minsheng Bank has set up compulsory liquidation rules for precious metals in accounts. When the customer's margin ratio is lower than 6%, Minsheng Bank has the right but not the obligation to inform the customer to add the margin in time by SMS in time to avoid the forced liquidation transaction; When the customer's margin ratio is less than 2%, Minsheng Bank will reserve the right to forcibly close the customer's position according to the agreement on this trading day, and Minsheng Bank will issue a notice of insurance recovery to the customer 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 liquidate the precious metal contract positions (including but not limited to account gold, silver, platinum, palladium, etc.) held by customers in accordance with the strong trading rules under the condition that the insurance recovery notice has been issued in advance. The order of strong balance is: close the position according to the proportion of single position loss from large to small until the margin ratio is higher than 2%. Among them, single position loss ratio = single position loss/single position occupation margin *1%.

3. when the precious metal in the account is forced to be closed, the transactions of other kinds of account products (including account foreign exchange and account energy) held by customers will not be affected.

4. Minsheng Bank may adjust the margin ratio of compulsory liquidation as appropriate.