Sunday, November 27, 2011

made to the essential terms of the need to increase and supplement

129667837445459142_355In order to meet the margin business needs from pilot to general business, Securities Association of China in recent days on the margin essential terms of the contract and the articles of margin trading risk revealing book essential modifications, re-released two essential terms come into effect on November 25. This means that the margin turning regular has entered a substantive operationsStage.   75 outstanding margin business qualifications of securities companies will be able to start applying for qualification. Shanghai and Shenzhen stock exchanges have also been amended accordingly and margin trading rules for the implementation of diablo 3 gold, and the margin securities range has been adjusted. Yesterday the implementation rules for the implementation. (Full text of the relevant documents see the Shanghai and Shenzhen stock exchanges website. The Shanghai Stock Exchange website: http://Www.SSE.com.CN; Shenzhen Stock Exchange Web site: http://www.szse.CN) Securities Association of China put forward four demands for securities companies. One is to carry out margin financing business of securities companies, should be strictly in accordance with the provisions of the terms, developed the company's margin contract for standard text, in the process of financingMay be expressly agreed upon matters of standard text can be developed separately by financing contracts, margin contracts, you can press the margin contracts unified formulation. Second securities company under the China Securities Regulatory Commission, the relevant provisions of the securities exchanges, securities registration and settlement organizations and financing practical needs of the internal management of the business, in the formulation of the company's margin agreement textShi, made to the essential terms of the need to increase and supplement, also can do text and change in provisions.   Additions diablo 3 power leveling, changes should not conflict with the essential provisions of. Third, securities margin standard contract texts developed by the company should be detailed and specific.   Standard text and margin contracts should be reported to the Association before they are used for the record. Four securities companies should be provided in accordance with the AssociationPattern making margin Exchange securities accounts of customer's credit card and delivered to the customer. It is learnt that the margin trading risk revealing essential amendments to the articles is mainly reflected in the book "pilot securities company" the word was changed to "stock company". The margin of the necessary amendments to the terms of the contract with eight, the modified description of relevant content get into aStep in refinement. If the amendments in the terms of the original "funds derived from party a sells securities, should first be used to pay off debts the party a to party b" was revised to "party a sell buy outstanding credit financing in the securities account contract proceeds of securities you should repay the party finance arrears. "The amendments increase the content also includes:" the suspension of trading in securities, and the recoveryTrading margin after the maturity of the debt financing, margin period can be extended, the specific deadline extended by both parties free to agree, but before the suspension of trading in extended duration of the contract duration calculated totals no more than six months. "In addition, the margin required contract terms relating to the modification or deletion of" party a collateral in accordance with the provisions of the preceding paragraph extraction should be ahead of the twoApplication session to the b "content.

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