As a token of our appreciation for your consistent support, Bank of China Limited Jiangsu Branch (Bank of China Jiangsu Branch) launches 2011 Personal Gold Trading Contest, providing investors with a platform for exchange of ideas and allowing elite investors to show their investment skills.
The rules of the contest are as follows:
Article 1 Formulation of Rules: The rules are formulated by Bank of China Jiangsu Branch.
Article 2 Qualifications: Contestants must comply with relevant PRC laws and regulations as well as the rules of the contest. Each Gold Facility account or Two-way Gold Facility account in Bank of China Jiangsu Branch is deemed as an independent contest unit. There are two contest divisions: Nanjing Division and Jiangsu Division (Suzhou exclusive, the same below). Contestants whose Gold Facility account or Two-way Gold Facility account was opened at Bank of China's outlets in Nanjing will be Nanjing Division contestants, while contestants whose account was opened in Bank of China's outlets in Jiangsu Province (Nanjing exclusive) will be Jiangsu Division contestants.
Article 3 Participants: Customers who conduct Gold Facility trading or Two-way Gold Facility trading at Bank of China Jiangsu Branch during the contest period will be automatically eligible for the contest (unless they submit a written statement of objection), so no application is required. Customers can conduct gold trading with an existing Gold Facility account or Two-way Gold Facility account or with a new account opened during the contest. Participants will automatically agree to abide by the rules of the contest. Bank of China Jiangsu Branch will disclose the transaction information of the winners after obtaining their consent. Objection to the disclosure of information by a winner will be deemed as a waiver of awards. Each personal debit card account of Gold Facility or Two-way Gold facility will be counted as a contest unit. If a customer has two or more accounts involved in the contest, the trading volume of such accounts will be calculated separately, while consolidation of multiple accounts is not allowed.
Participants need to update personal information and contact information at the outlets of the branch to get the relevant information of the contest in time.
Article 4 Contest Period: From 7:00 am, September 12 to 5:00 am, December 3, 2011 (Beijing Time). Every four weeks will be counted as a contest month. Beijing Time is adopted in the rules, and transaction time is subject to the time recorded in the bank's transaction system. The transaction time will be adjusted in case of public holidays in China or when the major international financial markets are closed.
Article 5 Participation Channels: Customers can conduct gold trading through Gold Facility or Long/Short Forex Facility trading channels provided by the branch, including self-service terminals, online banking, telephone banking, counters and clients. Transaction time is subject to the time recorded in the bank's transaction system.
Article 6 Trading Methods and Minimum Transaction Amount: Customers are required to use their own accounts and funds for transaction. The minimum transaction amount for the contest is subject to the lowest one for the products involved in the contest. In each assessment period, there should be at least one transaction record in a contest account. Disqualified accounts will be excluded from the award assessment.
Article 7 Assessment Criteria
Trading Volume Award: Gold Facility and Two-way Gold Facility transaction at Bank of China will be included for assessment of the Trade Volume Award. During the contest, each time when customers buy or sell gold via the Gold Facility account or Two-way Gold Facility account, the purchase and sales amount will be converted into dollar amount in accordance with the relevant exchange rate. The accumulated dollar amount will be the trading volume. The trading volume before the contest will not be calculated.
Award on Account Opening of Two-way Gold Facility: Long/Short Forex Facility account which is opened during the contest with at least one gold trading record will be eligible for this award. The assessment method is the same as that of the Trading Volume Award.
Article 8 The trading volume will be subject to the automatic calculation and records in the bank's system. In case of different accounts with the same trading volume, the account with greater first transaction amount will rank higher; if the first transaction amount of different accounts is the same, the account with earlier transaction time will rank higher.
Article 9 Awards:
There are two awards - Trading Volume Award and Award on Account Opening of Two-way Gold Facility in the contest.
Trading Volume Award includes Monthly Award, Participation Award and Contest Award based on accounts. Contest Award and Participation Award will be subject to the total trading volume during the contest, while Monthly Award will be subject to the total trading volume in the contest month. Customers can only win one of the three awards under the Trading Volume Award, with the highest award as the final award.
Customers can win the Trading Volume Award and the Award on Account Opening of Two-way Gold Facility simultaneously.
Statistic period for Participation Award and Contest Award under the Trading Volume Award and the Award on Account Opening of Two-way Gold Facility is from 7:00 am September 12 to 5:00 am December 3, 2011.
Each four weeks from 7:00 am September 12 to 5:00 am December 3, 2011 will be counted as a contest month for the Monthly Award under the Trading Volume Award.
Awards for Jiangsu Division:
Award - Trading Volume Award
| Awards |
Assessment Method |
Prizes |
Number of Winners |
| Contest Award |
Gold trading volume during the contest |
First Prize: Prize worth of RMB 4,800 |
1 |
| Second Prize: Prize worth of RMB 4,300 |
2 |
| Third Prize: Prize worth of RMB 3,800 |
3 |
| Monthly Award |
Gold trading volume of the month |
First Prize: Prize worth of RMB 3,200 |
1 |
| Second Prize: Prize worth of RMB 2,200 |
2 |
| Third Prize: Prize worth of RMB 1,200 |
3 |
| Participation Award |
Gold trading volume during the contest |
Prize worth of RMB 400 |
100 |
Award - Award on Account Opening of Two-way Gold Facility
| Award |
Assessment Method |
Prizes |
Number of Winners |
| Award on Account Opening of Two-way Gold Facility |
New Two-way Gold Facilityaccounts |
Prize worth of RMB 50 |
300 |
Awards for Nanjing Division:
Award - Trading Volume Award
| Awards |
Assessment Method |
Prizes |
Number of Winners |
| Contest Award |
Gold trading volume during the contest |
First Prize: Prize worth of RMB 4,800 |
1 |
| Second Prize: Prize worth of RMB 4,300 |
2 |
| Third Prize: Prize worth of RMB 3,800 |
3 |
| Monthly Award |
Gold trading volume of the month |
First Prize: Prize worth of RMB 3,000 |
1 |
| Second Prize: Prize worth of RMB 2,000 |
2 |
| Third Prize: Prize worth of RMB 1,000 |
3 |
| Participation Award |
Gold trading volume during the contest |
Prize worth of RMB 400 |
50 |
Award - Award on Account Opening of Two-way Gold Facility
| Award |
Assessment Method |
Prizes |
Number of Winners |
| Award on Account Opening of Two-way Gold Facility |
New Two-way Gold Facilityaccounts |
Prize worth of RMB 50 |
200 |
Article 10 The prizes can not be exchanged for cash, and the corresponding taxes and fees (including but not limited to the income tax) will be borne by the winners themselves.
Article 11 Announcement of Winners: The winners list of the Monthly Award will be published on the website designated by Bank of China Jiangsu Branch within 15 working days after the contest month, while the winners list of other awards will be published on the designated website within 15 working days after the contest. The branches will notify all the winners by telephone. Participants can get more information by visiting www.boc.cn or calling 95566. Bank of China Jiangsu Branch will otherwise notify the winners about when and how to collect the prizes. If a winner cannot be contacted due to incorrect information provided, the branch will reserve the award for 30 days since the time and place to collect the prizes is announced on the branch's website. If the winner fails to fetch the prize after the deadline, he/she will be deemed as giving up his/her right.
Article 12 Risk Disclosure: Customers shall fully understand that Bank of China is not responsible for any loss arising from transaction interruption, suspension or abnormality due to any telecom fault or incident beyond human control. Bank of China Jiangsu Branch announces the real-time gold price in the international foreign exchange market within the specified trading period, and handles the customers' trading applications according to the offered price and the currencies designated by the customers. The international gold price fluctuates dramatically and frequently due to political, economic and accidental reasons and other factors. Customers shall fully understand the risks of the investment, and bear all the consequences and liabilities for their investment behaviors.
Article 13 Bank of China Jiangsu Branch reserves the right of final interpretation of the contest.
Bank of China Jiangsu Branch
September 2011
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