Gold Accumulation Business
Introduction
The Gold Accumulation business is a service provided by IB, offering two-way quotations to clients based on predefined rules. Clients can actively make single purchases or set fixed-period investments in the fund. IB pays interest on the products purchased by the clients. These products can either be redeemed or exchanged for physical precious metals investment products sold by the bank. Clients can manage their Gold Accumulation business through various channels such as IB's branches, online banking, and mobile banking.
Features
1.Low Entry Barrier: No account setup fee, with purchases starting from 1 gram.
2.Flexible Trading: Supports both active and scheduled fixed-amount purchasing, with instant redemption options.
3.Diverse Term Options: Options for both demand deposits and term deposits with various periods.
4.Multiple Channels: Apart from physical branches, there are various online platforms like online banking and mobile banking.
Application Procedure
1.Electronic Channels: Log on to personal online banking and navigate to “Wealth Investment → Precious Metals → Gold accumulation”, or log on to mobile banking and select “Wealth Investment → Gold → Gold accumulation”. Follow the system prompts for risk assessment and account setup to proceed.
2.Branch Application: Visit any branch with a valid ID and the IB's financial class materials, then sign the relevant account opening documents.
Eligibility Criteria
1.Clients must have an active savings account with IB.
2.The client's risk assessment must meet or exceed a risk rating of C3.
Popular Q&A
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Question |
Answer |
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What are the market open and close times for trading Gold Accumulation? |
Active purchasing or redemption of Gold Accumulation shares operates during the Shanghai Gold Exchange trading hours of 9:00–23:00 on business days. Transactions are not processed on Saturdays, Sundays, or official public holidays. Please refer to our bank's announcements for any changes to these times. |
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Are there any transaction fees for trading Gold Accumulation shares? |
There are no transaction fees for buying or selling Gold Accumulation shares. The trading price is determined by our bank's system, and it fluctuates in real time with domestic and international gold prices. |
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How long does it take for a gold share transaction order to become effective? |
Once a purchase or redemption order for gold shares is executed, it becomes effective immediately. |
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At what price are SIP gold transactions conducted? |
SIP gold transactions are uniformly executed at the live gold purchase price on the trading day when the fixed-period order is carried out. The shares are credited to the account on the same day. |
Risk Disclosure
All Gold Accumulation products involve some degree of risk, necessitating prudent investment considerations.
Influenced by domestic and international political and economic factors, as well as various unforeseen events, gold prices may undergo significant volatility. Prior to initiating transactions, investors should thoroughly comprehend the risks associated with gold investment and the intrinsic nature of Gold Accumulation operations, willingly assuming the respective risks and potential losses. Investors engaging in Gold Accumulation products may be exposed to market risks such as gold price volatility and liquidity risks. Gold Accumulation products are not capital-guaranteed products; significant price declines in gold could lead to substantial losses upon redemption, potentially resulting in a loss of principal.
The content on this page serves solely as a reference, with specific details and announcements from local branches taking precedence.