Name
Hui Ju Bao
Introduction
"Hui Ju Bao" is a comprehensive financial product in which Bank of China combines and packs abundant financial instruments of the international financial market and the customers undertake its related risks to obtain higher investment return. As a financial transaction investment product, Hui Ju Bao is different from ordinary bank deposits.
According to the different ways of earning proceeds, "Hui Ju Bao" can be divided into financial products with guaranteed return and financial products with non-guaranteed return.
Financial products with guaranteed return are the products that Bank of China promises to pay fixed income to customers as per the agreements. Also, the bank assumes relevant investment risks; or Bank of China promises to pay minimum yield to customers according to agreements and undertakes relevant risks, other investment returns are distributed between Bank of China and the customers based on the agreements of contract. Bank of China and customers undertake the related investment risks together.
Financial products without guaranteed return can be divided into financial products of guaranteed floating earnings and financial products of non-guaranteed floating earnings. Financial products of guaranteed floating earnings are the financial products that Bank of China makes the commitment to pay customers principal according to agreements, other investment risks in addition to the risks of the principal should be assumed by the customers, and customer's effective yield is determined based on actual investment return. Financial products of non-guaranteed floating earnings are financial products that Bank of China pays earnings to customers according to the agreements and as per the actual investment return, without the guarantee on customer principal (Considering the risk-taking ability of current customers, Bank of China has not launched the "products of non-guaranteed floating earnings").
Currency type for investment: USD, EUR, HKD and other major foreign currencies.
Investment period: The product period varies from three months to five years, flexibly determined by the linked indicator features/product structure/market demand.
Our Advantages
1. Linked indicators are diversified, including interest rates, foreign exchange rates, commodity prices, and stock prices, customers have the opportunity to grasp the trend of the international financial markets to obtain higher earnings.
2. Flexible and various financing period. The term of wealth management is varied flexibly from three months to several years, based on the linked indicator features, product structure, the customer's requirements. Bank of China will regularly or irregularly carry out in-advance redemption for the undue "Hui Ju Bao".
3. Varied product structure, including "variable period", "steady return with the guarantee of minimum earning", "floating earning with ceiling" and so on.
4. Simple procedure. Customers only need to go to the outlet of Bank of China with valid personal identity documents and current all-in-one passbook to transact the procedure.
The minimum commission principal of customer is varied as per each financial products (in line with the specific product notice), both cash and currency can be paid as the commission principal, if the commission principal is currency, the principal, interest and investment return are paid in currency; If the commission principal is cash, principal, interest and investment return are paid in cash. Trading session is specifically determined as per the power of attorney for the product signed by the customer and Bank of China, customers should not terminate or cancel the product in advance.
As a financial transaction investment product, Hui Ju Bao is different from ordinary bank deposits. Individual customers should be familiar with the international financial market to some extent, with stronger risk-assuming ability, and lower requirement on the fund liquidity, as well as with certain amount of foreign currency deposits.
Target Customers
Domestic and foreign individuals holding valid identity document with full capacity for civil conduct.
Process
Product statement: before each term of Hui Ju Bao product transaction, Bank of China will announce product transaction details, raising period, minimum amount, benefit analysis, and risk disclosure.
Investment applications: based on complete understanding of transaction details and product risks, individual customers can conduct the procedure in the outlet designated by Bank of China with their valid identity documents and current all-in-one passbook. After confirming to purchase a product, the customer should sign relevant agreement with Bank of China.
Transaction concluded: after the raising period comes to an end, if the raised funds reach the requirement of the market transactions, Bank of China will conduct relevant transactions according to the agreement; if the raised fund does not meet the market requirements, Hui Ju Bao investment scheme will be cancelled by Bank of China.
Return payments: Bank of China will pay investors the earnings of current period on the return payment date which is regulated in the product. If the product is subject to early termination of early redemption as per the agreement, Bank of China will pay the principal and interest to investors on corresponding early termination date or on redemption interest date.
Required Documents
Only valid personal identity documents are accepted.
Risk Disclosure
Investors should carefully understand the product structure and earning qualifications, make the commitment that he/she fully understands the risk of Hui Ju Bao, based on the employment of their own funds and the judgment on future financial market trend, participates in transaction themselves, and undertakes the risks brought by the transaction.
The product is within the category of financial derivatives, with relatively poor liquidity and high cost of redemption in advance.
Principal and earnings of the product are calculated in foreign currencies. It is difficult to avoid exchange rate risk of the investment's principal and earnings.
It is put out irregularly, please pay attention to the notice issued by local branch.
Above information is for your reference only. As for specific types of business, currency and the handling process, please refer to relevant regulations of local branch of Bank of China.
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