What's the bill for the silver bill?
Cash and silver is also known as cash and silver, and cash and silver is a cash deferred settlement business that is guaranteed in cash and suitable for a wide range of investors. Through the opening of trading accounts in the member units of the sky exchange, it is then entrusted with the tripartite custody of funds traded by seven banks, including the agricultural bank, the business bank, the construction bank, the transport bank, the bank of guangcai, the bank of china and the bank of wah ha。
Cash, silver and silver are all electronic transactions, and individuals can only transfer funds and earn price differentials, although they may not receive real silver for the time being. However, its market directly determines the real silver market of the day, which is the basis for transactions by major-use and silver-producing enterprises. At the same time, the resulting markets are consistent with those of the united states and the united kingdom, and there will be a gap, but essentially the same, due to exchange rates。
On the basis of the london real-life silver market, tianjin gold and silver exchanges combine the chinese silver market prices and the bank's renminbi against the united states dollar benchmark, reporting successively on the purchase and sale of each kilogram of real-time silver and silver coin。
The transaction costs include: differentials (10, or 150 yuan), fees (8/1000) and deferred charges (2/1000)。
An example of this:
An investor opened an account for 200,000 dollars at a price of 5,600, which was flattened at 5,800 a day and closed at 5700 the day before. What is the amount of the deposit, fees, deferred delivery compensation (interest), net profit?
Bond = construction price x trading unit * 8%
5600x15x0. 08=6720。
2. Fees = warehouse charges + warehouse charges
Warehousing charges = warehouse price x trade module*8/10000
5600x15x0. 0008=67. 2
Warehousing charges = flat price x trade unit *8/10000
5800x15x0. 0008=$69. 6
Fees = 67. 2 + 69. 6 = 136. 8 yuan
3. Suspend = construction price x days x trading unit x 2/10000
5700x15x0. 0002=17. 1
Net profit = (barrel price - build price) x hand count x trade unit - (barrel charges + interest + build charges + points)
(5800-5600) x 15-(67. 2+69. 6+17. 1+150) = $2696. 1。
It's the rules of trade
Article 1 - to regulate the conduct of silver transactions on the tianjin precious metal exchange (hereinafter referred to as “the exchange”) and to maintain normal trading order
The legal rights and interests of the parties to the transaction are guaranteed and these rules are formulated in accordance with the relevant laws, regulations and policies of the state。
Article 2 exchanges adhere to the purpose of “open, fair and just” by organizing special and combined members to carry out cash and cash in silver
Delayed delivery operations. Clients deal with integrated members, combined with special members。
Article 3 membership is defined by the laws, regulations and regulations governing transactions in precious metals, such as silver, and the regulations governing members of the tianjin precious metal exchange
The provisions in question are approved by the exchange and licensed silver dealers who trade in precious metals such as silver。
Article iv. Consolidated membership rolls out a silver in-kind investment in silver sun, coloured ag99999, with a specification of 15 kg/g, with a designated national name
(a) production by producers, which meets the national standards of the people's republic of china, gb/t 4135-2002, and which may be used by parties identified by the exchange for delivery;
The members promised to keep stock and promised to buy back the silver sun。
Article v. In-kind silver investments in silver suns introduced by combined members must have the following elements: it's an exchange-identified silver coding
Ingot manufacturer logo and consolidated member brand name。
Depending on the market situation, the exchange will introduce other legally compliant trading products in due course。
Article vi quoting principle: exchanges are based on london's real-life silver market prices, combining domestic silver market prices and chinese people
The bank's renminbi against the benchmark exchange rate of the united states dollar is continuously reported as the intermediate guide price for the currency. Members manage on the basis of exchange differences
The method is to present the purchase price and the offer price on the basis of the intermediate price guidance of the exchange。
Article vii proposed unit: rmb/kg and the quotation reserved to the integer of the dollar。
:: article viii: quotation time: the opening of the market from monday to friday (except for settlement time, national statutory holidays and international market breaks)
Monday 8 am to saturday 4 am
Settlement break: 4 to 6 a. M. On trading day;
The time of the opening of the market and the break is subject to an exchange notice。
