Protection of Customer Funds

  • 时间: 2015-07-12 17:13:10
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Ruled by China Security Regulatory Commission(CSRC):

FCM is not allowed to engage in proprietary trading and can only trade on behalf of its customers.

The margins collected by FCM from a customer shall be deposited in segregate account which is strictly separated from FCM’s own capital. FCM is strictly prohibited from using margin for any other purpose than submitting or depositing it to the Exchange for purpose of settling transactions on behalf of its customers.

Customer can choose any of five Chinese state-owned banks to hold their funds. They are: Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank and Bank of Communications.

FCM only accepts deposits from or withdraws to the pre-designated bank account of customer for margins. Otherwise, it will be rejected. Deposits and withdraws will show in the trading platform provided by FCM as soon as the Financial Department confirmed. All withdraws need to be approved by FCM’s Risk Management Department.

In 2006, approved by the State Council, CSRC decided to establish China Futures Margin Monitoring Center Co., Ltd. Its shareholders are the Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange and the China Financial Futures Exchange. Its responsibilities includes:

Establish and improve the futures margin monitoring system, early warning mechanism to detect and report futures margin security issues to CSRC.

Provide Clearing information inquiries and other services for futures investors.
Provide information service to regulators
Other responsibilities regulated by CSRC 



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