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Introduction to Automatic Renewal Wealth Management Products


 

Name

Automatic renewal wealth management products

Introduction

Automatic renewal wealth management product, an automatic renewal service of principal-guaranteed, structural wealth management products, consists of a series of continuous, same structure, fixed-tenor single structural wealth management products (hereinafter referred to as "single product") whose rates of return differ from each other due to the market fluctuation.

When a product series goes to its duration, Bank of China will announce product details including the tenor and rate of return of the next "single product" within the period specified in the agreement before maturity of the current "single product". Investors can exercise the right of redemption before maturity date of the current "single product" according to individual needs. If investors exercise the right of redemption, Bank of China must wipe subscription funds and current investment return in investors' specified accounts within the period stipulated in the agreement; if investors do not exercise their right of redemption within the period specified in the agreement, Bank of China regards it as investors' default purchase of the next "single product". Subscription funds of investors will go to the duration of the next "single product" automatically, and Bank of China will wipe the current investment return in investors' specified account within the period specified in the agreement;

Investment currency: RMB or foreign currencies (referred to announcements of Bank of China)

"Single product" investment period: in the light of different product series, the period is divided into seven natural days, 14 natural days, one natural month, etc. For more details, please refer to specific product manual.

Renewal of investment periods: when a product goes to its duration, the value day of the current "single product" announced by Bank of China will be the maturity date of the "single product" of last period, that is, end-to-end investment periods of all the "single products".

Our Advantages

1. With flexible and variable duration, and good liquidity, investors can subscribe or redeem according to individual need;

2. After investors sign General Agreement for Automatic Renewal Wealth Management Services initially, and make corresponding authorization, all "single products" of various periods under the same product series will renew automatically, which simplifies the procedure of repeated signatures for "single product" agreements;

3. End-to-end investment periods of all "single products" in various periods under the same product series renew, thus realizing maximal capital value for investors;

4. With convenient procedures for product subscription, investors can transact only by opening a current all-in-one account in Bank of China with valid identity documents.

Target Customers

Domestic and foreign individuals who have valid personal identity documents and full capacity for civil conduct.

Process

Product subscription: after the release of automatic renewal wealth management products, in accordance with product details of the current period and within the subscription periods of "single products" announced by Bank of China, based on full understanding of the benefits and risks of products, investors can subscribe in the designated branches with valid personal identity documents and current all-in-one account of Bank of China.

Product redemption: when a series of automatic renewal wealth management products goes to its duration, investors can go to the original subscription branch for redemption before maturity date of "single products", conduct termination of automatic renewal wealth management business, full redemption of subscription funds, and procurement of investment returns of the "single product" of the current period.

Income payment: Bank of China will pay due income of the current period to investors on the stipulated income settlement date of "single products" of various periods.

Required Documents

Only valid personal identity documents are accepted.

Risk Disclosure

Investors should understand the product structure and revenue conditions carefully, commit to being fully aware of the risk of automatic renewal wealth management products, participate in transactions independently, and bear possible risks of transaction according to the use of funds and judgment of future trends in financial markets.

The investment return rate of "single products" of each period floats with market conditions; Bank of China announces investment return rate of each product during the period specified in the agreement before value day. If the market return rate declines continuously and investors do not exercise the right of redemption in the duration of product series, the investment return rate of "single products" of various periods will also reduce consistently.

Investors have the right to apply for unilateral termination of the series of products during the redemption period specified by Bank of China, which can meet investors' liquidity needs; but Bank of China does not provide daily redemption mechanism before the maturity date of "single products" of various periods; that is to say, investors have no early termination right in the duration of "single products".

When a product series go to the duration, Bank of China has the right for early termination of a "single product" of a certain period or the entire product series.

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