Industrial and Commercial Bank of China: Revises Agency Individual Customer Precious Metals Competitive Bidding Trading Business Agreement and Clarifies Forced Liquidation Margin Ratio

NightAirdropper · 2026-03-21T10:49:21+00:00

Industrial and Commercial Bank of China released an announcement on March 20, revising the "Forced Liquidation and Risk Control Rules" in the "Agreement on Agency of Personal Customers' Precious Metals Competitive Trading Business," updating the calculation method for margin account fund sufficiency ratio and adding new forced liquidation margin requirements. The forced liquidation margin ratio will be executed in accordance with the Shanghai Gold Exchange's minimum trading margin ratio and can be adjusted based on market conditions. The announcement public notice period extends to March 31, 2026, during which customers may raise objections or terminate the agency relationship. If the agency relationship is not terminated upon expiration of the public notice period, it will be deemed as agreement to the new rules.

NightAirdropper

2026-03-21 10:49:21

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On March 20, Industrial and Commercial Bank of China (ICBC) issued an announcement regarding the revision of the agency personal customer precious metals bidding trading business agreement and clarification of the forced liquidation margin ratio. Based on precious metals risk management and business needs, the bank revised Attachment 2 “Forced Liquidation and Risk Control Rules” of the “Agency Personal Customer Precious Metals Bidding Trading Business Agreement,” resulting in the “Forced Liquidation and Risk Control Rules (2026 Edition).”

Key Revisions

Updated the calculation method for the margin account capital adequacy ratio and added risk control requirements for forced liquidation margin (i.e., the minimum funds required for customers to maintain positions). Specific details of the revisions are available in the attached “Forced Liquidation and Risk Control Rules (2026 Edition).”

Setting and Adjustment of Forced Liquidation Margin Ratio

The forced liquidation margin ratio is temporarily set according to the minimum trading margin ratio specified by the Shanghai Gold Exchange. Moving forward, the bank will adjust the forced liquidation margin ratio as appropriate based on market conditions, precious metals risk management, and business needs. This announcement is open for public comment from the date of release until March 31, 2026. During the public comment period, existing customers with objections can call 95588 for consultation or terminate the agency relationship in accordance with the provisions of the “Agency Personal Customer Precious Metals Bidding Trading Business Agreement.” After the public comment period, if existing customers do not terminate the agency relationship, it will be deemed as acceptance of the “Forced Liquidation and Risk Control Rules (2026 Edition),” and Attachment 2 “Forced Liquidation and Risk Control Rules” under the “Agency Personal Customer Precious Metals Bidding Trading Business Agreement” signed between the customer and the bank will be simultaneously abolished.

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