Futures Agent Agreement
Futures Agent Agreement
Agreement number: _________
Party A: _________
address:_________
representative:_________
Postal code: _________
phone:_________
fax:_________
Bank: _________
Bank account:_________
Party B: _________
address:_________
representative:_________
Postal code: _________
phone:_________
fax:_________
Bank: _________
Bank account:_________
On the principle of equality and mutual benefit, both parties have reached the following agreement on the spot and futures transactions of the _________ exchange:
1. In order to ensure the normal operation of the _________ exchange, both parties must clearly understand and strictly abide by the _________ Futures Co., Ltd. _________ Exchange Agency Business Rules and correctly perform their rights and obligations.
2. Party B has carefully read and fully understood the entire contents of the “Risk Revelation Book” provided by Party A. All losses incurred by Party B due to misunderstanding of the market conditions, Party B is fully responsible for the funds and even the assets, and Party A does not assume any responsibility. .
3. As an agent, Party A has the right to know the credit status of Party B. When opening an account, Party B shall issue a business license, legal person authorization, unit status and other relevant information.
4. In order to facilitate the cooperation with Party A, Party B may, in addition to filling in the “Buy Order Form” in person, reconfirm any method of fax, telegram, letter or answering telephone as the legally recognized entrustment method. In addition, the representative of Party B needs to sign the Legal Authorization Letter, and Party A can only accept the instructions of the B method person or his designated authorized person.
5. Setting of the margin account:
1. After the signing of this Agreement, Party B shall remit the basic guarantee deposit of RMB _________ million into the account of Party A within three days, which is a necessary condition for the entry into force of this Agreement.
2. Before Party B issues the “Buy Order”, Party B shall transfer sufficient initial margin to Party A's account. The initial margin amount is the % of the transaction amount, and Party A has no obligation to execute the instruction exceeding the amount of the deposit. After the transaction is closed, the initial deposit will be returned by Party A in time.
3. For futures trading, the daily settlement price is _________, and the difference between the price and the transaction price is required to pay the additional margin. If Party B loses ≥100% of the initial margin and fails to make up the time in time before 15:00 on the next trading day, Party A has the right to close the position on behalf of Party B. All losses and expenses shall be borne by Party B.
6. Party A's commission for Party B's transaction is _________ of the transaction amount, and Party B is responsible for paying agency commission to Party A within three days after the sale and purchase contract is concluded.
7. After the current loan contract is signed, Party B shall notify Party A to deposit the payment/delivery certificate within three days with the notice of the exchange transaction. In the case of settlement of spot transactions, Party B shall first provide a valid invoice and then collect the payment.
8. The relevant tax issues shall be handled in accordance with the provisions of the _________ city tax authorities.
9. Suspension of the agreement:
1. If Party B needs to suspend the entrusted relationship, Party B shall submit a written application to Party A. After Party A approves and settles the account, it shall immediately terminate the agreement.
2. If Party B fails to comply with Party A's regulations and the circumstances of the breach of contract are serious, Party A may suspend the agency relationship on the premise of recovering the loss of default and have the right to impose punishment.
X. Other matters agreed by both parties: _________.
11. The seal of Party B shall be filed with Party A.
12. This agreement is in duplicate. Party A and Party B each reserve one copy.
person A person B:_________
Legal representative: _________ legal representative: ______
_________Year ____________________________________________
Signing location: _________ Signing location: _________
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