Rollover Account Agreement |
Party A:JINRONG@JIA
Party B: ICBC
Party A wishes to apply the Rollover Account service offered by Party B. By reason of the rights and obligations in this Agreement and the consideration mutually exchanged, both parties enter into this Agreement.
Article 1 Definition
(I) Rollover Account Service: Party A assign a "Rollover" Account and low-risk fund with Balance for Subscription and Balance for Redemption set. Party B is authorized by Party A to buy or redeem automatically from the "Rollover" Account the low-risk fund or personal financial product designated by Party A as stated.
(II) "Rollover" Account: A RMB settlement account opened by Party A for Rollover Account service in Party B or Party B's business offices located in the same city as Party A.
(III) Balance for Subscription: minimum amount to trigger buying of fund, set by Party A when applying for Rollover Account service. Fund will be bought automatically when balance in the "Rollover" Account is more than Balance for Subscription. Balance for Subscription must be more than Balance for Redemption.
(IV) Balance for Redemption: minimum amount to trigger redemption of fund, set by Party A when applying for Rollover Account service. Fund will be redeemed automatically when balance in the "Rollover" Account is less than Balance for Redemption.
(V) Scheduled Transfer Account: RMB settlement (current) account assigned by Party A when applying for Rollover Account Service. Funds will be transferred between the Account and "Rollover" Account as stated in the Agreement.
(VI) Minimum Reserved Amount: Amount that trigger the transfer of balance in Scheduled Account to "Rollover" Account, set by Party A when applying for Rollover Account service.Excess amount will be transferred into "Rollover" Account when balance in the Scheduled Transfer Account is more than the minimum reserved amount.
Article 2 Service Terms
(I) Party A apply the Rollover Account services through Party B's Internet Banking. Party A's Registration Card of Internet Banking shall have Fund Trading Account. Party A shall also open a TA Account for buying low-risk fund.
(II) Party A shall assign a "Rollover" Account when apply for Rollover Account service. "Rollover" Account must be a RMB settlement (current) account opened in Party B's business office located in the same city as Party A, but not the funding account that Party A opened in Party B for trading fund. "Rollover" Account should be a Registered Account under Internet Banking in normal status.
(III)If necessary, Party A shall set Scheduled Transfer Account when applying for Rollover Account service. Scheduled Transfer Account must be a RMB settlement (current) account opened in Party B's business office located in the same city as Party A. Maximum 4 Scheduled Transfer Account are allowed.
(IV) Party A shall assign an open-ended fund available from Party B when applying for Rollover Account service.
(V) Party A shall set the Balance for Subscription and Balance for Redemption when applying for Rollover Account service. Party B's system automatically buy fund when the balance in "Rollover" Account is higher than the Balance for Subscription. Excess amount will be used to buy fund. Party B's system automatically redeem fund when the balance in "Rollover" Account is less than the Balance for Redemption. Balance in the "Rollover" Account will be recovered to Balance for Subscription.
(VI) Party B buy and redeem fund on behalf of Party A during execution of Rollover Account service in accordance with the normal practices announced by Fund Manager - "Unknown Price" and "Subscribe by amount, Redeem in numbers". Party A has the rights to share dividend from the fund authorized Party B to buy through the Rollover Account service. Party B shall not offer research and advice on funds to invest. Party A gain profit or suffer loss on its own.
(VII) "Rollover" Account and Scheduled Transfer Account set by Party A when applying for Rollover Account service cannot be used as the account for new Rollover Account service.
(VIII) Party A shall make necessary payment to Party B when applying for Rollover Account service. Party B shall not refund when Party A terminate early, suspend or non-perform the Agreement. Party A agrees to make additional payment to Party B in case of adjustment stated by State.
Article 3 Applicable Legal Terms
(I) This Agreement shall be construed and interpreted in accordance with the laws of People's Republic of China. Banking practices will prevail if no laws explicitly stated.
(II) Both parties shall duly perform according to the laws and Banking regualations without regard to conflicts of laws or banking regulations hereof. All remaining portions of this agreement shall not be affected thereby.
(III) Both parties shall agree to follow rules and banking regulation should there be any outstanding issues not covered in this Agreement.
Article 4 Dispute Resolution
If a dispute arises from or relates to this agreement shall first be settled in an amicable manner. Any unresolved or claim shall be filed to People's Court of Party B's domicile place by either party.
Article 5 Liability Exemption
(I) Party B shall not liable for non-performance caused by force majeure or other circumstance reasonably beyond the control of Party B, or network or communication failure .
(II) Party B shall not liable for non-performance as a result of Party A's account has been cancelled or in abnormal status (loss, frozen) or locked up, withheld or cancelled out of judical or other reasons.
Article 6 Entry into force and Termination
This Agreement shall enter into force on the day of signing by Party A. Party A shall apply for termination of the Agreement through self-service at Party B's Internet Banking system. The Agreement shall automatically be terminated upon expiry if Party A has not terminated within validity.
2013-05-01
