Name
Qi Jin Bao
Introduction
It means that customers should pay a certain amount of option premium to Bank of China to buy the option (call options or put options) of corresponding face value, term and agreed gold price, based on their judgment on future change direction of international gold price. On the option maturity date, if the foreign exchange rate changes are in favor of customers, the customers can get higher earnings by exercising the option, otherwise, the customers may choose to not exercise the option.
Our Advantages
Short sale can be conducted for gold with low threshold; abundant structures of each term; three exercise prices are available for selection; commissioned entry orders and unwinding in advance are supported.
Target Customers
All domestic and overseas individuals with valid identity document and full capacity for civil conduct can carry out the firm offer of gold trading.
Process
To open foreign currency accounts (current) in Bank of China; the customer should go to Bank of China financial center to sign Agreement on Gold Option Trading with Bank of China in person; then Bank of China deducts customer option premium; on the trading date and maturity date, Bank of China will decide whether to carry out fund delivery or not depending on option.
Required Documents
Only valid personal identity documents are accepted.
Risk Disclosure
There is market risk of fluctuations in international gold price.
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