What are the rules for forced liquidation of precious metal transactions in Minsheng Bank accounts?

1. Customers should pay attention to the profit and loss status of the transaction and the margin ratio in a timely manner. If necessary, they should promptly replenish the margin or close the precious metal product position of the corresponding account.

2. Customers need to 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 mandatory liquidation rules for account precious metals. When the customer's margin ratio is lower than 60%, Minsheng Bank has the right but not the obligation to notify the customer via SMS in a timely manner to increase the margin in a timely manner to avoid forced liquidation transactions; when the customer's margin ratio is lower than 20%, Minsheng Bank will retain the funds on this trading day based on this provision. The agreement stipulates the right to forcefully close positions on customers, and Minsheng Bank will issue insurance call notification information to customers via text messages. In addition to the right to suspend the customer's corresponding transactions and cancel the customer's corresponding transaction pending orders, Minsheng Bank also has the right to hold precious metal contract positions (including but not limited to accounts) of customers in accordance with the forced liquidation rules in accordance with the forced liquidation trading rules after issuing a call notice in advance. Gold, silver, platinum, palladium, etc.) are subject to forced liquidation. The order of forced liquidation is: liquidate positions according to the proportion of single position loss from large to small, until the margin ratio is higher than 20%. Among them, the loss ratio of a single position = the loss of a single position / the margin occupied by a single position * 100%.

3. When account precious metal positions are forced to be liquidated, the transactions of other types of account products held by customers (including account foreign exchange and account crude oil) will not be affected.

4. Minsheng Bank may adjust the margin ratio for forced liquidation according to the situation.