Provisions for Trial Implementation on the Control of Forex Futures transaction

@@　 Article　　14.　 If　a　financial　organization　or forex futures
trading　(brokerage)　 company　has　got　the approval of SAEC to handle
such　trading,　it　shall　 apply　 for　 a　"license for handling forex
futures　transactions"　with　SAEC　within　15 days when the approval is
received.
　A　 financial　 organization　 or　forex　futures　trading (brokerage)
company　can　officially　 start　 business　 only　after　obtaining the
license for handling forex futures transactions.
CHAPTER THREE MANAGEMENT OF FOREX FUTURES TRANSACTIONS
　@@　 Article　　15.　　After　an　organization　handling forex futures
transaction　has　 signed an agreement with a brokerage firm outside the
country,　it　shall　deposit　 US$3　million or an equal amount in other
currencies　in　the account designated　by　SAEC as a guaranty fund, not
to be used without the approval of SAEC.
　 @@　　Article　　 16.　　 An　 organization　handling　forex　futures
transactions　must　provide　 customers　with　the financial information
services　from　Reuter　or　AP　and　　information　about　international
exchange　 market　and　through　the brokerage　firm outside the country
get　access　to　the international exchange market　 and　 provide　 the
customers　　materials　　about　　detailed　 listing　instructions　 in
international exchange trading affixed with the seal of the firm.
　@@　Article　 17.　 Organizations　handling forex futures transactions
shall　ensure　 that　 the　trading　is　conducted　fairly,　openly　and
justifiably.　Customers　 should handle matters according to the trading
rules　of　the forex futures　transaction　organizations, the prescribed
amount　of　guaranty　fund,　trading　 facts,　the　time table of godown
warrants,　actual　offer　amount　and other　matters　about　contractual
transactions.　 An　organization handling forex　 futures　 transactions
shall　　sign　　with　 their　customers　open declarations　on　venture
investment　　and　 letters　 of　 debt　 repayment　and　conduct　 each
transaction　 strictly　according　to　the　actual　amount　of offer and
trimming　 as　entrusted　by　the　customers.　For each transaction, the
organization　 handling　forex　futures　transaction　shall　deliver　to
the　customers　the　godown　warrants and the trim clearance bill within
two days after each transaction is done and no delay is allowed.
　@@　Article　 18.　 An organization handling forex futures transaction
shall　clear　 the　 gains　or　losses　of the customers every day, with
the　gains　or　losses　 entering　 the　 ac count　 of　 the　customers'
guaranty　fund,　and　timely　notify　 the　 customers.　 The　gains　or
losses　of　customers　shall be cleared according to the currency of the
guaranty fund.
　@@　 Article　 19.　 Organizations　handling forex futures trading can
handle　such　 trading　on　behalf　of　customers　only and they are not
allowed to do the trade for themselves.