In addition to reviewing investors according to the above standards, futures company members should also conduct comprehensive assessments of investors’ basic information, relevant investment experience, financial status, and integrity in accordance with the investor suitability system operating guidelines formulated by the Exchange. It is not allowed to apply for the opening of stock index futures trading codes for investors whose comprehensive evaluation scores are lower than the prescribed standards.
1. Futures company members can only apply for stock index futures trading codes for general corporate investors who meet the following criteria:
1. Net assets of not less than RMB 1 million;
2. The balance of available funds in the margin account when applying for account opening is not less than RMB 500,000 yuan;
3. Have a corresponding decision-making mechanism and operation process;
4. Relevant business personnel have basic knowledge of stock index futures and have passed relevant tests;
5. Have a cumulative transaction record of more than 20 simulated stock index futures transactions for 10 trading days; Or have more than 10 transaction records of commodity futures transactions in the last three years;
6. There is no serious bad credit record; there are no laws, administrative regulations, rules, and exchange business rules that prohibit or restrict stock index futures transactions.
2. To open a stock index futures account, you need to provide the following information:
1. A copy or scan of the bank card
2. A scanned copy of the ID card (electronic version) (if it is an old ID card, scan the front; if it is a new ID card, both sides
3. Personal digital headshot (over 5 million pixels, the overall upper body size accounts for 60% of the entire photo), and the frontal photo when signing the contract .
3. Specific procedures for opening an account
1. Customers provide relevant documents and proof materials.
2. The futures company issues the "Risk Disclosure Statement" and "Futures Trading Rules" to the client, explaining the risks of futures trading and the basic rules of futures trading to the client. On the basis of an accurate understanding of the "Risk Disclosure Statement" and "Futures Trading Rules", the client shall sign and seal the "Risk Disclosure Statement". Fill in the registration form of customer credit information and determine the transaction fee.
3. The futures brokerage institution and the client sign the "Client Brokerage Contract" to clarify the rights and obligations of both parties and formally form a cooperative relationship.
4. Futures brokerage institutions provide customers with special accounts for futures trading funds, and this account must be separated from the futures brokerage institution's own capital account. Customers must have a sufficient deposit on their account before placing an order.