招商银行个人外汇期权合约交易规程.doc

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1、Annex5CMBRulesforIndividualPaperGoldTradingChapter1BasicRulesArticle1CMBreceivestradinginstructionsfromindividualcustomers(“investors”)throughadesignatedchannel,tradespapergoldatpricespublishedbyCMB,andsettlespaymentsaccordingly.Physicaldeliveryisnotperm

2、ittedforindividualpapergoldtrading,andtransactionsarerecordedinbookentries.PapergoldisdenominatedinrenminbiorUSdollars.Article2Activatingthetradingservice.BeforeapplyingtoCMBfortheindividualpapergoldtradingservice,investorsmustassessproductsuitabilityand

3、theirriskbearingcapacitysigningtheStatementofVoluntarilyTradingPaperGoldAboveMyRiskBearingCapacityorOverageRiskConfirmation,andtheAgreementonIndividualPaperGoldPurchaseandSalewithCMB.Article3Disablingthetradingservice.Todisabletheserviceofpapergoldtradin

4、g,investorsmustcancelallopenordersandsellthebalanceofallpapergold.Article4BeforecommissioningCMBtotradepapergold,investorsarerequiredtounderstandbasictradingprinciplesandstrictlyfollowthesetradingrules.Investorsaresolelyliableforlossesattributabletotheir

5、ownfaultssuchasoperationerrors.Chapter2RiskDisclaimerArticle5CMBstronglyrecommendsthatinvestorsreadthischaptercarefullytofullyandaccuratelyunderstandtherisksarisingfrompapergoldtrading.Article6ByapplyingtoCMBforpapergoldtradingservice,investorsaredeemedt

6、ohavefullyacknowledgedandunderstoodtherelatedrisks,andagreetobearsuchrisksandanyrelatedlosses.Article7Papergoldinvestorscanproducehighyieldsatalowcostandmayalsosufferheavylosses.Investorsmustfullyexaminetheirownfinancialstatusandfullyunderstandtheassocia

7、tedriskstodeterminewhetherpapergoldtradingistherightpersonalchoice.“Investment”hereafterrefersto“papergoldtrading”intheseRules.1)Principalandyieldrisks:Thisinvestmentdoesnotguaranteetheprincipaloryield.Exposedtofluctuationsingoldmarketpriceandinterestrat

8、e,theinvestedfundmayincuraprofitorloss.Losingtheentireprincipalistheworst-casescenario.2)Policyrisk:Thisinvestmentserviceisdesignedinlinewithpresentlawsandpolicies.Changesingovernmentpoliciesthataffectthemacroeconomyormark