Futures brokerage contract

person A person B:
Residence: Residence:
Zip code: Zip code:
Business Phone: Business Phone:
Fax: Fax:
Party A and Party B shall enter into this contract in respect of matters relating to Party A's provision of futures trading services by Party B on the principle of equal negotiation and good faith.

The first chapter entrusts Party A to entrust Party A to conduct Party B's futures trading in accordance with Party B's trading instructions; Party A accepts Party B's entrustment and conducts futures trading for Party B in accordance with Party B's trading instructions.

Article 2 Party A shall execute Party B's trading instructions in accordance with the trading rules of the futures exchange. Party A is obliged to transfer the results of the transaction to Party B, and Party B is obliged to assume full responsibility for the results of the transaction.
Due to market reasons, part or all of the B-party trading orders cannot be concluded. Party A shall not be liable unless otherwise agreed in writing by the parties.

Chapter II Margin Article 3 The minimum margin requirement for Party B to open an account is 50,000 yuan. If Party B’s funds are less than 50,000 yuan, Party A shall not open an account for Party B.
The deposit can be paid in cash, promissory notes, money orders and cheques. If the deposit is paid by means of promissory notes, money orders, checks, etc., the bank can confirm the transaction after the bank has confirmed the bank's funds.

Article 4 Party B may pledge the deposit according to the rules of the futures exchange with the listing of treasury bills or standard warehouse receipts. At the same time, Party B authorizes Party A to transfer its pledge or otherwise dispose of it.

Article 5 Party B shall guarantee the legality of its source of funds. Party A has the right to request Party B to provide the source of funds, and Party B has the obligation to guarantee the authenticity of the statement. If necessary, Party A may request Party B to provide relevant evidence.

Article 6 Party A has the right to adjust the margin ratio according to the regulations of the futures exchange or the market conditions. Party A shall adjust the deposit in accordance with the adjustment margin announcement or notice issued by Party A.

Article 7 When Party A has reason to believe that the risk of the open position held by Party B is relatively high, it has the right to increase the margin ratio separately for Party B. In this case, the margin call is issued separately to Party B.

Chapter III Forced Closing
Article 8 Party B shall pay attention to changes in its positions, deposits and equity at any time prior to the issuance of new trading orders or in the course of its holdings.

Article 9 Party A shall calculate the risk of Party B's futures trading by risk ratio. The risk rate is calculated as:

Article 10 If Party B loses the agreed risk rate due to trading losses or other reasons, Party A shall issue a notice of additional margin to Party B in the manner stipulated in the “Futures Brokerage Contract”. Party B shall add in time before the market opens on the next trading day. Margin or take measures to reduce the position. Otherwise, Party A has the right to forcefully close some or all of the open positions of Party B without prior notice, until Party B's trading risk reaches the agreed risk rate. Party B shall bear the handling fee for the forced liquidation and the losses incurred thereby.

Article 11 As long as the closing price and the number of positions selected by Party A are within the reasonable market conditions at the time, Party B promises not to claim rights to Party A because of the failure to choose the best price and quantity for the time of forced liquidation. .
The term "reasonable scope" as mentioned in the preceding paragraph refers to the forced liquidation of the position in accordance with the standards of the futures brokerage industry with appropriate skills, care and diligence.

Article 12 Unless Party B declares in writing in advance and is confirmed by Party A, Party A shall calculate the risk uniformly for Party B's open positions on different futures exchanges. When Party B's margin is insufficient and Party B's trading risk meets the agreed risk control conditions, Party A has the right to stop Party B from opening a new position and may close the open position held by Party B.
When Party B actually controls certain trading accounts, Party A has the right to calculate the risk for its merger.
Article 13 Due to the different coding rules of futures exchanges, Party B may have different transaction codes on different futures exchanges. In this case, when Party B has both profit and loss under different transaction codes, Party B shall not request the withdrawal of the profit portion until the loss portion has not been fully filled.

Chapter IV Notice
Article 14 Party A shall issue a notice of additional margin to Party B and a notice of forced liquidation.
Party A shall issue a daily transaction statement to Party B after the closing of each trading day.
Party A shall provide Party B with the monthly report of the previous month's transaction settlement.

Article 15 If Party B has any objection to the items recorded in the daily transaction statement and transaction settlement monthly report provided by Party A, Party B shall file a written objection with Party A. If Party B fails to submit a written objection to Party A within the agreed time, Party B shall regard it as confirmation by Party B of the recorded items.

Article 16 If Party A or Party B requests to change the agreed items in this section, it shall promptly notify the other party to take effect after confirmation by the other party. Otherwise, the delay or loss caused by the notice will be the responsibility of the party.

Chapter V Designated matters
Article 17 Party A accepts the order of the order issued by Party B or Party B. Party B authorizes the following persons to be the instructions of Party B:
Name ID number signing sample
__________________________ _____________
__________________________ _____________

Article 18 Party A accepts the instructions for the transfer of funds from Party B or Party B authorized by the Party. Party B authorizes the following persons to be the funds transfer person of Party B:
Name ID number signing sample
_____________ _____________ _____________
_____________ _____________ _____________

Article 19 Party B shall use the following address and number as the only valid address and number for Party B's business dealings with Party A:
Address Postcode_____________
telephone / fax:_____________
Note:

Article 20 If Party B needs to change its order issuer, fund transfer person or change the way of business dealings, Party B shall notify Party A in writing and confirm it after Party A has confirmed the procedures. If Party B fails to notify Party A in writing in time, the losses caused by Party B shall be borne by Party B.

Chapter 6 Instruction Release
Article 21 Party B's trading instructions may be issued by means of written, telephone or computer. The instructions issued in writing must be signed by Party B or its order. If an order is issued by telephone, computer, etc., Party A has the right to synchronize recording or otherwise retain the original instruction record. Party B agrees that the records formed in the business process such as telephone recording and computer recording have the same legal effect as the written instructions.
.

Article 22 Party A has the right to review Party B's instructions, including whether the deposit is sufficient, whether the contents of the order are complete and clear, whether it violates relevant regulations and exchange rules, etc., to determine the validity and invalidity of the instructions; In the case of invalid order, Party A has the right to refuse to execute Party B's instructions.

Article 23 After issuing an order, Party B may request Party A to withdraw or modify the order before the order is completed or not completed. However, if the order has been executed on the futures exchange, Party B must bear the result of the transaction.

Article 24 If Party B applies for hedging position, Party B shall provide corresponding files or certificates in accordance with the provisions of the relevant futures exchanges, and shall be responsible for the true and effective of the above files. Party A shall assist Party B to apply for hedging positions.

Chapter VII Report and Confirmation
Article 25 Party A shall implement daily non-debt settlement on Party B's futures trading. As long as Party B has made a transaction or has a position on the trading day, Party A shall, after closing the market on each trading day, issue a transaction statement showing Party B's equity status or the result of the transaction in accordance with the time and manner stipulated in this contract.

Article 26 After Party B files an objection to Party A in accordance with the time and manner stipulated in this contract, Party A shall promptly verify it according to the original order record and transaction record. In the event of an objection to a matter directly related to the outcome of the transaction, in order to avoid the possibility of occurrence or expansion of the loss, Party A shall, when receiving the objection from Party B, have the right to liquidate the open position in which the objection has occurred. The resulting loss is borne by the party that is at fault.

Article 27 If Party A’s transaction result does not comply with Party B’s trading instructions, or if the forced liquidation does not conform to the contractual conditions, and Party A is at fault and causes losses to Party B, it shall re-execute the Party B’s trading order before the market closes on the next trading day. , or restore the position that was forcibly closed, and compensate for the direct loss caused.

Chapter VIII Spot Month Closing and Physical Delivery
Article 28 Party B shall submit an application for delivery to Party A within the time specified by Party A. Party B's application for delivery shall comply with the relevant provisions of the futures exchange. Otherwise, Party A has the right to refuse to accept the application of physical delivery from Party B.

Article 29 Party B shall submit to Party A a full amount of delivery funds or certificates and notes required by futures exchanges such as standard warehouse receipts and value-added tax invoices before Party A's time limit.
Exceeding the above-mentioned time limit, Party B has not issued the order for closing the position, nor has it submitted the funds, vouchers and notes of the preceding paragraph to Party A. Party A has the right to close the open position of Party B without notifying Party B. The resulting costs and results are borne by Party B.

Article 30 The delivery notice, delivery payment or physical delivery and delivery default shall be implemented in accordance with the relevant futures exchange and Party A's delivery business rules.

Chapter IX Margin Account Management
Article 31 Party A shall open a futures margin account at the designated settlement bank of the futures exchange, and shall administer the deposit deposited by Party B and the pledge of the tradable treasury bills.

Article 32 Party A shall set up a margin account for Party B, and report the balance of the margin account and the transfer of the deposit in the daily transaction statement.

Article 33 Party A has the right to transfer the deposit from Party B's margin account under the following circumstances:
Pay the margin deposit in accordance with Party B’s instructions;
Deposit the deposit or liquidation difference for the futures exchange with the direction B;