Notice of Amendment to Margin Requirement for Margin FX and Precious Metal Trading
Industrial and Commercial Bank of China (Asia) Limited (“We” or the “Bank”) would like to notify you of the amendments to Margin Requirement for Margin FX and Precious Metal Trading (“Margin Requirement”) that will take effect from 1 October 2023 (the “Effective Date”). The amendments to the Margin Requirement are set out below.
Margin requirement for Off-shore Chinese Yuan Trading will be changed from Initial 5% / Maintenance 3% / Cut 2% to Initial 5% / Maintenance 3% / Cut 1%.
Margin requirement for USD against HKD Trading will be changed from Initial 2.5% / Maintenance 1.5% / Cut 1% to Initial 5% / Maintenance 2% / Cut 1%.
Margin requirement for Margin Silver Trading will be changed from Initial 7% / Maintenance 5% / Cut 3% to Initial 10% / Maintenance 5% / Cut 3%.
Please note that the amended Margin requirement shall be applying your both existing transactions and new transactions. If you do not wish to accept the above amendments, please notify us before the Effective Date. We may however not be able to continue providing the services contemplated under the amended Master Terms and Conditions.
You may obtain a copy of the amended product factsheets on our website or any of our branches on or after the Effective Date. For enquiry, please contact our staff or call our Margin Services hotline for enquiry at (852) 3510 8176.
Industrial and Commercial Bank of China (Asia) Limited
(In case of inconsistency between the English and Chinese versions of the letter, the English version shall prevail)
(This is a computer-generated letter and no signature is required)