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Traders Capital Management Rules
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Traders Capital Management Rules
Chapter One General Principles
Item One. In order to standardize settling capital management for traders, practically ensure the security of ordering payment for goods and effectively guard risk, according to Bulk Stock Electronic Transaction Specification by National Quality Inspection Department and Shandong Shouguang Vegetable Trading Market Online Trading Management Regulation and related laws issued, we frame the Rule.
Item Two. Ordering payment for goods here refers to the capital kept in Shandong Shouguang Vegetable Trading Market Online(short for the Market) for purchasing and selling, trading, settling, goods delivery and acceptance and surety bond, and it belongs to traders.
Chapter Two Capital Transfer in
Item Three. Confirmation of ordering payment for goods reaching the account.
£¨I£©Ordering payment for goods deposited in the form of promissory note, bill of exchange, telegraphic transfer and cheque. If drawers agree with traders¡¯ account-opening name, capital¨Creaching-account can be confirmed by opening bank of the Market; if they do not agree, capital¨Creaching-account can be confirmed after drawers offering capital explanation.
£¨II£©If capital deposited in cash, capital¨Creaching-account can be confirmed by the opening bank of Trade Settling Department.
£¨III£©If ordering payment for goods is impawned by public circulating treasury bonds, standard bill of goods registered in the Market, capital will be confirmed reaching the account after finishing the procedure of impawning.
Item Four. The Trade Settlement Department will issue multi-couplet of the same style voucher of payment receiving£¬one couplet will be kept by Trade Settling Department and inform related business department of the Market; another couplet will be kept as receipt after settling seal by traders after confirmation of ordering payment for goods reaching. Voucher for payment receiving should involve time, traders¡¯ name, settling account no., depositing mode, amount written in capital and small letter, depositor¡¯s signature, managing staff¡¯s signature and etc.
Chapter Three Capital Transfer out
Item Five. If traders want to transfer capital out, it must be transacted by appointed capital transferring person. The Market will follow the below procedures to transfer capital out.
£¨I£©Traders hands over Capital Transfer Application Form to Trade Settling Department.
£¨II£©Managing staff in Trade Settling Department will check whether the company seal, signature of capital-transferring person, account no. in Capital Transfer Application Form agree with content in Accredited Letter for Capital Transferring Person, Official Letter of Appointed Account by Traders and seal card or not. If the above content is correct, managing staff in Trade Settling Department will check whether balance in applicant¡¯s account is suitable to capital transfer rules or not and make indications in Capital Transfer Application Form, then they submit it to department manager for signature and submit Capital Transfer Application Formto charged leader for signature.
£¨III£©According to leader¡¯s approval result, Trade Settling Department will pay ordering payment for goods to traders. One couplet of transferring voucher will be kept by Trade Settling Department and ordering payment for goods for this trader will be reduced accordingly; and other couplet will be kept by this trader.
Item Six. If the following cases occur, related traders will be restricted to transfer capital:
£¨I£©seriously breaking the rules and was registered to survey by the Market.
£¨II£©ordering payment for goods was frozen by Justice Department according to law.£¨III£©Economy tangle with the Market hasn¡¯t been settled.
£¨IV£© Other cases stipulated in Shandong Shouguang Vegetable TradingMarket Online Trading Management Regulation.
Item Seven. If traders have the above cases, Trade Settling Department in the Market will restrict traders¡¯ capital transferring in time.
Chapter Four Settling Management for Ordering Payment for Goods
Item Eight. Trade Settling Department should open special settling account for each trader for settling traders¡¯ ordering payment for goods. The Market will settle transfer, deposit, trading profit and loss, trading handling fee, trading ordering payment for goods and etc for each trader.
Item Nine. Settling of ordering payment for goods. The Market will carry out daily settling for traders¡¯ account according to daily settling price. Payment rate for ordering payment for goods will be followed standards in the contract, trade ordering payment for goods in different time will be adjusted according to relevant regulations of the Market accordingly.
Item Ten. Settling of handling fee. The Market will charge handling fees according to traders¡¯ traded quantity on the current day and fixed standards.
Item Eleven. Settling for trade profit and loss. The Market will carry out trade profit and loss settling to each trader for their daily transferred ordering goods and relevant capital accordingly.
Item Twelve. Settling for goods delivery and acceptance. Payment for goods, handling fee and other fees (in/out warehouse fees, storage fees and etc) happened when goods delivering and accepting will be settled through traders¡¯ settling account of ordering payment for goods.
Item Thirteen. Transferring for ordering payment for goods. The Market should transfer ordering payment for goods according to regulations stipulated in e-trading contract.
Chapter Five Finance Check and Calculation Management for
Ordering Payment for Goods
Item Fourteen. Trade settling Department in the Market should establish controlled accounts of ordering payment for goods for each trader.
Item Fifteen. Capital transferring in/out for each trader will be recorded in their controlled accounts and sorted by date.
Item Sixteen. The Settling Department should make Trader Capital Collecting Form monthly, workout accounting voucher according to profit and loss and handling fees in Capital Collecting Form, and record profit and loss in current month and handling fees in their controlled accounts.
Item Seventeen. Manual controlled accounts for ordering payment for goods will be managed by appointed staff and checked it with Trade Settling System regularly or periodically. If the amount is not correct during the checking, the reason should be found out and corrected by the appointed staff.
Item Eighteen. Controlled accounts for traders ordering payment for goods is very important data for recording changes for traders ordering payment for goods, and it should be kept according to the requirements of accounting keeping on file.
Chapter SixSpecial Account Management for
Ordering Payment for goods in Appointed Settling Bank
Item Nineteen. The Market should open special account for traders ordering payment for goods in appointed settling bank, for depositing traders ordering payment for goods.
Item Twenty. Capitals in special account for traders ordering payment for goods is forbidden to use for other tings.
Item Twenty one. Trade Settling Department in the Market should strengthen supervision to all special accounts of ordering payment for goods, selective exam and check account balance regularly or periodically and do well in account checking work at the end of each month.
(The explaining rights for the above rules reserved to the Market.)
