Service Features

1.	Various means of transactions: Via internet, Self-service Banking Terminals, Telephone Banking, Mobile Banking, or over-the-counter, all at your choice.
2.	Various orders to choose: market order, limit order, stop loss order, one cancels the other order, 'if done' order or 'if then' order.
3.	Long trading hours: Offering foreign exchange trading service 24 hours a day.
4.	Favorable price: trade in large amounts enjoys more favorable prices.
5.	Long validity for orders: Orders could be valid for as long as 5 days (temporarily for Clients of Wealth Management Accounts only).

Customized Service

·	To ensure that you give correct and valid orders, the system will not accept your orders and give alert accordingly in case you key in invalid exchange rates;
·	In case the exchange rate in your order ('if done' order or 'if then' order excluded) differs greatly from prevalent market rates, the system will also alert you automatically;
·	For your convenient in making orders via phone, you may key in "*" and "#" to buy with all the balance of same currency in your special trading account.

Brief Introduction to CMB's Foreign Exchange Express Service
What is Foreign Exchange Express Service of CMB?
Foreign Exchange Express Service, e.g. Personal Foreign Exchange Trading Service, with which you change a freely convertible currency into another currency of free convertibility within China Merchants Bank. China Merchants Bank, upon your orders, processes your request according to CMB's exchange rates set according to exchange rates in international market.

What are you going to benefit from China Merchants Bank ForEx Express service?
·More alternative channels for personal foreign exchange investment;
·Achieve earnings from world financial market fluctuation;
·Achieve interest rate difference profit between different currencies;
·Participating the world market, and sensing the pulse of international economy.

Target Clients
All individual holders of China Merchants Bank "All-in-one-card" or Wealth Management Account with foreign exchange deposit in their accounts.

Currencies for Trading
The currencies available for trading in China Merchants Bank are:
Code 21 Hong Kong dollar (HKD)
Code 29 Australian dollar (AUD)
Code 32 United States dollar (USD)
Code 35 Euro (EUR)
Code 39 Canada dollar (CAD)
Code 43 Great Britain pound (GBP)
Code 65 Japanese yen (JPY)
Code 69 Singapore dollar (SGD)
Code 87 Swiss Franc (CHF)

Exchange Rates for Trading
China Merchants Bank ForEx Express service offers 36 kinds of exchange rates for trading:

8 Benchmark Rates

USD/HKD           USD/JPY            EUR/USD            GBP/USD 
AUD/USD           USD/CHF           USD/SGD           USD/CAD

28 Cross Rates

JPY/HKD             EUR/HKD           GBP/HKD           AUD/HKD
CAD/HKD           CHF/HKD            EUR/JPY            GBP/JPY 
AUD/JPY             CAD/JPY             CHF/JPY            GBP/EUR  
EUR/AUD            EUR/CAD            EUR/CHF          GBP/AUD 
GBP/CAD           GBP/CHF             AUD/CAD         AUD/CHF 
CHF/CAD           SGD/HKD             SGD/JPY          AUD/SGD 
GBP/SGD           CAD/SGD            CHF/SGD          EUR/SGD
Note: All the currencies mentioned above are in 1 except JPY/HKD in 100.

Minimum Trading Value
China Merchants Bank ForEx Express service requires a minimum trading value of USD100 or its equivalent. (Subject to changes made by local China Merchants Bank)

Trading Price
China Merchants Bank promulgates its quotation according to international market and varies with fluctuations in real time.
China Merchants Bank offers five levels of rates for each pair of currencies: basic rate, favorable rate, large-amount rate, VIP rate and Supreme rate. (Please consult your local China Merchants Bank branch for effective rates of the day.)

Trading Hours
China Merchants Bank ForEx Express service trading hours starts from 8:00 am on Monday to 5:00 am on Saturday, Beijing Time (4:00 am in case of US Summer Time in effect). Schedule subjects to changes without notification.
Orders:
6 Orders offered by CMB: Market Order, Limit Order, Stop Loss Order, One cancels the other Order, 'If done' Order or 'If then' Order and Cancellation Order.

How to makes Orders:
6 ways provided by CMB to make orders: Internet banking, Self-service Banking Terminals, Palm Banking, Mobile Banking( for Limit Orders only), Counters ( for Market Order and Limit Orders only)

How to Apply

1.	Over-the-counter Application: Please take your own identity proofs, and "All-in-one-card" or Wealth Management Account to counters of China Merchants Bank, and fill in "China Merchants Bank Personal Foreign Exchange Trading Function Application Form" and sign "China Merchants Bank Personal Foreign Exchange Trading Agreement". The function is activated right after confirmation.
2.	On-line Application For "All-in-one-card" holders, please apply via Personal Internet Banking Professional Edition, For Wealth Management Account holders please apply via Wealth Management Account Professional Edition

China Merchants Bank Personal Foreign Exchange Trading Rules

Article 1 China Merchants Bank Personal Foreign Exchange Trading service is a service that China Merchants Bank offers to its clients, with which clients make orders through Telephone Banking, Internet banking, Self-service banking Terminals or over counters, to trade foreign exchanges with the exchange rates that China Merchants Bank sets according to international market. The transaction is completed by transferring proceeds through client's accounts.

Article 2 China Merchants Bank promulgates changing exchange rates according to the exchange of international market. Due to all sorts of factors, be it political or economic, as well as influential accidents, the exchange rates are always fluctuating. Clients should be fully aware of the risks involved in foreign exchange investment, and be prepared to shoulder all the consequences incurred therein.

Article 3 Personal foreign exchange savings could be in two forms: foreign exchange current savings and foreign banknotes savings. Client's foreign banknotes savings could be traded as foreign exchange current savings, but be administrated as foreign banknotes savings.

Article 4 Password Administrations
A transaction password is needed for personal foreign exchange trading. Transaction password could be reset with your withdrawal password. The correct transaction password must be entered before any transactions. Client is responsible for his/her password.

Article 5 The currencies available for trading in China Merchants Bank are United States dollar USD, Hong Kong dollar HKD, Euro EUR, Japanese yen JPY, Great Britain pound GBP, Swiss Franc CHF, Canadian dollar CAD, Singaporean dollar SGD, and Australian dollar AUD

Article 6 China Merchants Bank personal foreign exchange trading service requires a minimum trading value of 100 US dollars or its equivalent. (Subject to further changes; local China Merchants Bank's announcement will supercede.)

Article 7 China Merchants Bank personal foreign exchange trading service trading hours starts from 8:00 am on Mondays to 5:00 am on Saturdays, Beijing Time. (4:00 am in case of US summer time in effect).

Article 8 Validity of orders: Orders not accepted for transactions will be cancelled automatically by 8:00am next morning (5:00am on Saturday mornings). Subject to changes made by local branches. For trading via Wealth Management Account, the orders will remain valid for as long as 5 days. One day valid orders starts from the time the order was made until the exact time next day. Two day valid orders starts from the time the order was made until the exact time the day after next day, and so on. Your orders will be automatically cancelled even if it is still in validity period if CMB trading system was shut down on public holidays.

Article 9 Six ways provided by CMB to make orders: Internet banking, Self-service Banking Terminals, Palm Banking, Mobile Banking( for Limit Orders only), Counters ( for Market Order and Limit Orders only)

Article 10 All foreign exchange rates offered by China Merchants Bank are in terms of current currencies, which include 36 exchange rates (8 benchmark rates and 28 cross rates). All the currencies mentioned are in 1 except JPY/HKD in 100.

Article 11 China Merchants Bank offers favorable rates for large-amount trade. For details please consult local China Merchants Bank branches.

Article 12 Due to constant fluctuations in international market, China Merchants Bank reserves the right to suspend some or the entire currency price listing and trading in case of abnormal exchange rate fluctuations in international market.

Article 13 Orders Six Orders offered by CMB: Market Order, Limit Order, Stop Loss Order, One cancels the other Order, 'If done' Order or 'If then' Order and Cancellation Order.

Article 14 The record in China Merchants Bank's computer system overriding any other proofs on whether the orders was accepted for trading, time of deal, currency dealt, exchange rate adopted and value covered.

Article 15 China Merchants Bank personal foreign exchange trading service is not available on public holidays in China as well as on holidays in international financial markets. China Merchants Bank reserves the right to suspend transaction in case of telecommunication fault and other incidents due to force majeure, and should not be held liable for any responsibilities.

Article 16 For the time being, China Merchants Bank offers cash services only in a limited number of currencies such as USD and HKD (please consult local CMB branches) ,Clients who desire to withdraw other currencies will have to convert them into the currencies that China Merchants Bank offers.

Article 17 Clients should be fully aware of the aforementioned rules, and act strictly according to them. Clients will be responsible for all the damages and loss incurred due to their own operations.

Article 18 China Merchants Bank has the supreme right to interpret the trading rules. Any necessary revision or addition to the rules made by China Merchants Bank takes effect immediately upon promulgation.