About IB

Handling Charges for Agency Collection of IB

Agency Collection Item Charging rates Services Remarks
Agency precious metal trading service of Shanghai Gold Exchange (SGE) Agency collection of deferred charges for precious metal trading service of SGE:  0.0175% of  the position amount of each customer a day, and 6% of the position amount of each customer a year for some products;
Premium for transportation: RMB 36 / kg for gold contracts, free for silver contracts for now;
Warehousing fee: RMB 1.2 / kg / day for buy-in title and remaining inventory of gold contracts, RMB 1.2 / kg for stock-out in kind, RMB 0.016 / kg / day for silver contracts;
Stock-in stock-out fee: RMB 2 per kg for gold contracts and RMB 0.2 for silver contracts;
Business commission fee / lease registration fee: RMB 12 / kg for gold and platinum leasing, RMB 2 / kg for silver leasing, and free of charge if returned;
Pledge registration fee: RMB 3 / kg for gold, platinum and silver contracts, charged both in pledge and deregistration;
Delivery fee: RMB 1 / kg for sliver contract but not collected for now;
Overdue fee: only charged for the positions of precious metal contracts held beyond the limit. Overdue fee is subject the announcement of Shanghai Gold Exchange and not collect for now.
Deferred charges: The fees set by Shanghai Gold Exchange for maintaining the balance of market settlement, for which the collection direction will be determined by balancing the received and delivered quantities declared in the market each day; collected from customers as an agency for members;
Transport insurance charges: The transport insurance fees collected by Shanghai Gold Exchange from customers for withdrawing real precious metal, with the bank as a collection agency;
Warehousing fee: the warehousing fee collected by the bank on behalf of Shanghai Gold Exchange from clients for the physical holding of clients; currently Shanghai Gold Exchange exempts individual clients from such fee;
Stock-in stock-out fee: it is a fee collected by Shanghai Gold Exchange when a clients is withdrawing or depositing physical precious metal. It used to be paid directly by clients to the treasury but now is collected by our bank;
Business commission fee / leasing registration fee: it is a fee collected by our bank on behalf of Shanghai Gold Exchange depending on the amount of precious metal leased or traded by clients;
Pledge registration fee: it is a fee collected by our bank on behalf of Shanghai Gold Exchange according to the number of pledges in the precious metal pledge business;
Delivery fee: it is a fee collected by our bank on behalf of Shanghai Gold Exchange on clients delivering silver actuals. It is now exempted by Shanghai Gold Exchange;
Overdue fee: according to the regulations of Shanghai Gold Exchange, it can collect overdue fee at two levels on clients holding deferred contracts for a period that is longer than the given term. The specific terms shall be subject to the announcement of Shanghai Gold Exchange. This fee is now exempted by Shanghai Gold Exchange.                                     
The rates listed in this form are for the agency collection made by IB to customers for SGE. As SGE will make adjustment according to the trading rules and market situation, the rates announced by SGE shall prevail. 
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