Memorandum of Order Placing
- All order instructions must be placed by the Client either in person or by phone, to our licensed representative.
- To protect clients’ interest, all the phone conversations are recorded in our system.
-
Clients should provide the following information when placing the order by phone:
- Account Number & Name
- Buy or Sell
- Contract Name
- Price
- Quantity
- Clients should pay attention to the order price. Order price can be market order or limit order. Market order will follow the market price to volatile.
- Unless the order(s) has been canceled, otherwise the order(s) will be valid until the market closed.
- After completion of an order, we will confirm with the clients ASAP. In case, there is no confirmation after market closed, clients are responsible to call back and check their order status.
- If the clients placed the order or complete the transaction by phone, the order may not be showed on the Internet trading platform immediately. Clients are responsible to call us to check their order status.
All information is subject to change without prior notice.
Margin Call
- Agreement between the client and CHIEF covers two types of margins, the initial and maintenance. Amount of margin demanded by the Exchange changed from time to time.
- Initial margin must be fulfilled before you begin to trade.
- Initial margin must be cash-settled.
- Margin call would be made by our company whenever the amount value of open position falls below the maintenance margin. Client must deposit additional funds to restore the account to the initial margin level.
- Opening new position or money withdrawal is prohibited when margin calls occur.
- If client is failed to meet the margin call, our company reserves the right to liquidate the client's open positions without any further notice.
All information is subject to change without prior notice.
