| Agency Collection Item | Charging rates | Service Content | Remarks |
| Agency precious metal trading service of the Shanghai Gold Exchange (SGE) | Deferred charges: collected at 0.0125% of a customer's position amount per day, some varieties are charged at 3% of a customer's position amount per year; Carriage and insurance charges: amounting to RMB 32/kg for gold contracts, and temporarily free for silver contracts; Storage fee: amounting to RMB 1.2/kg/day for buy-in title and remaining inventory of gold contracts, RMB 1.2/kg on the gold stock-out date, RMB 0.016/kg/day for silver contracts; Warehousing and loading charges: RMB 2 per kg for gold contracts and RMB 0.2 for silver contracts; Business handling fee/leasing registration fee: RMB 2/kg/month for gold and platinum leasing, RMB 1/kg/month for silver leasing, and free of charge if returned; Pledge registration fee: RMB 3/kg for gold, platinum and silver contracts, charged both sides in pledge registration and deregistration; Settlement fee: RMB 1/kg for sliver contracts but not collected for now; Overdue fee: only charged for the positions of precious metal deferred contracts continuously held beyond the time limit. Overdue fee is subject to the announcement of Shanghai Gold Exchange and not collect for now. |
Deferred charges: The fees set by the Shanghai Gold Exchange for maintaining the balance of market settlement, for which the collection direction is determined by balancing the received and delivered quantities declared in the market each day; collected from customers by the SGE members as an agency; Carriage and insurance charges: Carriage and insurance fees collected by the Shanghai Gold Exchange from customers for withdrawing real precious metal, with banks as a collection agency; Storage fee: the warehousing fee collected by banks on behalf of the Shanghai Gold Exchange from clients according to their physical holding of stocks; currently the Shanghai Gold Exchange exempts personal clients from such fees; Warehousing and loading charges: it is a fee collected by the Shanghai Gold Exchange from a client who withdraws or deposits physical precious metal. It used to be paid directly by clients to the treasury but now is collected by banks; Business fee/leasing registration fee: it is a fee collected by our bank on behalf of the Shanghai Gold Exchange depending on the amount of precious metal leased by clients or transfered to the clients’ name; Pledge registration fee: it is a fee collected by banks on behalf of the Shanghai Gold Exchange according to the number of pledges in the precious metal pledge business; Settlement fee: it is a fee collected by banks on behalf of the Shanghai Gold Exchange from clients for spot delivery of silver. It is now temporarily exempted by the Shanghai Gold Exchange; Overdue fee: according to the regulations of the Shanghai Gold Exchange, it can collect overdue fees at two levels from clients for deferred position that the clients continuously hold deferred contracts for a period beyond the given time limits. The specific position time limits should be subject to the announcement of the Shanghai Gold Exchange. This fee is now temporarily exempted by the Shanghai Gold Exchange. |
The charges listed are collected from customers by IB on behalf of the SGE and adjustment may be made according to the trading rules and market situation. The rates should be subject to the latest announcement by the SGE . |