, first patch the article yesterday.
From the current point of view, the more trustworthy statement is that the Bank of China was ambushed by foreign funds. The short party uses unreasonable delivery pricing, unreasonable delivery time settings, and leaked position data to launch an attack quickly.
First, let’s explain the transaction settlement rules:
The settlement price of the US WTI crude oil futures is very strange. It is not based on the closing price or the average price for a few hours (there is a time difference between the two countries), but is settled at 2:28-2:30 in the middle of the night, and the average price of the 3-minute price.
Then, in that short 3 minutes, the short side raided and threw the price to -40 US dollars! Just a moment, then retreat!
used unreasonable transactions to ambush the Bank of China. Although
only lasted for a short time, it immediately rebounded. However, the purpose has been achieved, and the settlement price has been manipulated to be nailed to -37 US dollars.
purpose is to harvest the slow-responsive middle line.
, a total of 77,000 TAS command contracts were settled. How many Bank of China and specific investors have lost how much? The official bulletin shall prevail later.
's total transaction losses totaled 31.5 billion.
At the same time, the Bank of China is also very responsible. The only one in China who delayed to the last trading moment was that the Bank of China was not sure who gave it the confusing confidence!
Bank of China is not an oil company for physical delivery. There is no ability to deliver or store oil at all, but it is delayed to customers until final settlement.
had no choice but to settle at the lowest price.
not only investors suffer heavy losses!
Many employees of Bank of China are also suffering from heavy losses in the storm.
is even more ironic. When all the positions of Bank of China settled at -37.63 USD/barrel, the next day delivery price is $10 USD/barrel!
Bank of China’s crude oil treasure publicity is also seriously negligent:
When slaughtered, the Bank of China is busy whitewashing itself.
instead of litigating the unreasonable trading price of the US imperialist Empire, or even illegally manipulating the market, especially the limit suppression to -37 USD/barrel transaction settlement.
Bank of China, please have some Chinese backbone!
brought with investors and sued CME Exchange. Who is manipulating transaction settlement? Who is it? Below 0 yuan, the extreme pressure on price to force positions?
Now, Bank of China should stop tracing the blame, stand up, and take customers to sue the US Imperial Exchange! No matter what the result is, stand up straight!
The blunt whitewashing of the Zhonghang crude oil treasure is futile.
also embarrassing all the Chinese people!
Even if the Bank of China can use legal means to make investors accept compensation and make up for money. But the final result is nothing more than winning the lawsuit and losing people's hearts.
has since become a shame in the history of Chinese finance.
Bank of China, the name contains the word "China".
is also a typical symbol of the Chinese nation overseas.
But he used huge amounts of funds to fight overseas, and was not alert to the ever-changing financial changes, and turned a deaf ear to various risk signals.
Bank of China manages the wealth of the Chinese people!
Is the risk control system of Bank of China just a simple reconciliation and settlement? In the face of financial attacks, how to protect Chinese assets from being bloodbathed?
It is reported that Harold Hamm, an ally of US President Trump and founder of Continental Resources Inc, is putting pressure on U.S. regulators and the New York Stock Exchange to investigate the reasons behind the unprecedented plunge in crude oil futures.
did the system fail temporarily? Or market manipulation?
Hamm in the letter describes this unusual behavior: due to the serious failure of the system, people's sacred and trust in oil and all commodity futures markets are questioned.
Hamm also said: Mainland Resources Company has filed a lawsuit against the Chicago Mercantile Exchange Group.
Bank of China, please have some Chinese backbone!
brought with investors and sued CME Exchange.Who is manipulating transaction settlement? Who is it? Below 0 yuan, the extreme pressure on price to force positions?
Bank of China, please stop tracing the blame, please stand up and take your customers to sue the US Imperial Exchange! No matter what the result is, stand up straight!
Can you just bully your compatriots?
Picture uploaded...
However, Bank of China not only does not apologize or sue for its own operations. He was also proud to ask investors for money.
Bank of China, forgot to serve the people's original intention.
It is understood that after the Spring Festival, the purchase of Bank of China crude oil treasure products has surged, and Bank of China has upgraded its servers many times in order to absorb investment.
, but no corresponding risk control system was established.
is only concerned about making money by itself, but forgets the bottom line of the nation.
According to a settlement statement exposed by investors, the principal is 3.8846 million, and now, the overall loss is 9.207 million, and the bank is owed 5.3224 million.
Bank of China issued a notice asking investors to supplement their losses after breaking their positions. Netizens revealed that a customer had to compensate three times the deposit after receiving a bank message.
Some investors received a settlement notice from the Bank of China, with the settlement price of 05 contracts being -37.63 US dollars and -266.12 RMB at an extremely low value. This also means that investors not only lose all their principal, but also generate twice the principal liabilities.
In the rights protection group, someone consulted with Bank of China customer service. The reply received is that insufficient payment will be deemed to be arrears and has the right to include it in the credit report.
This means that if the Bank of China successfully sues and fails to pay back the money for the investment, the loans, buying houses, etc. will be affected in the future.
Investors complained that the leek roots were pulled out this time.
Bank of China still has the face to collect debts from customers, and I am convinced!
Investors should be responsible for their actions and even bear most of the losses themselves. But in this incident, the Bank of China is so disappointing.
In the real futures market, crossing positions is an extremely serious accident of responsibility. Especially for your own customers, they have large-scale collective stocks. Once a large-scale penetration occurs, the China Securities Regulatory Commission will intervene in the investigation.
Bank of China crude oil treasure products have caused large-scale investors to break through positions, and the customers who lost money have lost all their money. Do you still dare to say that the product design is reasonable?
Bank of China, please have some Chinese backbone!
brought with investors and sued CME Exchange. Who is manipulating transaction settlement? Who is it? Below 0 yuan, the extreme pressure on price to force positions?
Bank of China, please stop tracing the blame, please stand up and take your customers to sue the US Imperial Exchange! No matter what the result is, stand up straight!
Bank of China, what are you cowarding? What are you afraid of?
The Chinese army and the Chinese people are all watching you!
Picture uploading...
The previous article analysis of Bank of China Crude Oil Treasure, the article is as follows:
"1000 billion Bank of China exploded! Three mysterious operations have smashed crude oil to -37 US dollars! Bank of China customers lost 30 billion? 》
