Article I Business Hours

    Trade day is from Monday to Friday, except legal holidays. Trade time is 10:00am ~15:30pm every trade day, unless otherwise specified by the People's Bank of China and Ministry of Finance.

    Article II A customer shall specify a Peony Moneylink Card (or Elite Club Card) registering ICBC Personal Internet Banking as capital account. So specified Peony Moneylink Card (or Elite Club Card) shall be investor's Bond Trading card.

    Article III A customer can open only one bond escrow account.

    Article IV Subscription

    During the issue period, an investor can subscript bond as the price issued by ICBC.

    Article V Bond Trading

    During the trade period, an investor can online trade bond as the offer of ICBC.

    Article VI Offer unit of Bond Trading is RMB100. Trade unit is RMB. Capital settlement unit is RMB. Two digits after the point should be reserved.

    Article VII Net Price Trade

    Trade is made at net price. Bond Trading prices issued by ICBC include trade net price, trade gross price, accrued interest and reference due yield rate.

    Bond Trading Gross Price = Trade Net Price + Bond Accrued Interest.

    Bond Accrued Interest = Facial Interest Rate/365*Interest Accrued Days*100

    Trade Amount of bond = Trade gross price * Bond transaction quantity (net price + accrued interest) * Bond transaction quantity. According to the People's Bank of China, accrued interest at offer reserves two digits after the point by rounding, but subject to the actual one when calculating settlement price (i.e. 19 digits after the point), possibly resulting in slight difference between settlement price and that calculated based on the offer. ICBC takes no economic or legal responsibility for this.

    Article VIII Real-time delivery of bond and capital applies to the Bond Trading. After transaction, the trade system will automatically make collection and payment on the capital account specified by the investor on real-time basis. Bond balance will be increased or decreased in the investor's bond escrow account.

    Article IX Bond Trading is in "T+0" service，The bond bought by the investor can be sold on the same day. Capital gained by investor selling out bond can be used on the day.

    Article X To easily control trade risk of the both parties, accumulated bond facial amount purchase a day shall be no more than RMB10 million and ICBC has right to change the amount.

    Article XI Bond Amount

     Bank buy-in price issued by ICBC meet the needs of the investor's selling out bond, investor's buy-in needs will be met within the bond amount limit at the sell-out price issued by the bank. If the bond amount issued is not enough, ICBC shall suspend sell-out trade of bond and resume sell-out transaction when the bond is supplemented according to related regulations.

    Article XII Enquiry

    Investors can enquire the bond escrow account and trade details by logging on ICBC Personal Internet Banking or enquiry escrow account balance from Central Register Corporation on the second trade day after buy-in. Enquiry telephone is (010) 66005000.

    Article XIII Service fees

    An investor shall pay service fees when opening account according to regulations of ICBC.

    Article XIV Customer can go to ICBC counter to process re-escrow, non-trade transfer and pledge, etc, if required.