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Membership

Article 5 Sinoruex is based on membership. The members are categorized into trading members and information-oriented members. To become a member, application and eligibility review are necessary.

Article 6 An applicant for membership of Sinoruex must be -
1. a legal person officially registered with the Industrial and Commercial Administration Bureau in China or competent authorities abroad;
2. engaged in business related to the products traded at Sinoruex;
3. committed to complying with the Regulations; and
4. honest and fair in business dealings.  

The applicant should fill out an application form issued by Sinoruex, submit relevant documents as required and take full legal responsibility for the truthfulness, validity and completeness of all the documents provided. Upon approval by Sinoruex, payment of membership fee and completion of required procedures, the applicant becomes a trading member of the Sinoruex. A trading member is entitled to use a trading space at Sinoruex after paying the required rent.

Article 7 To strengthen credit management and encourage honest trading, Sinoruex shall adopt a unified coding system for all members. Based on trading performance and credit rating, members shall be graded accordingly. Sinoruex shall provide members with customized services with a view to the features of spot trading. 

Article 8 A member shall be entitled to the following rights:
1. A trading member can trade at Sinoruex and a trading member with a trading space can use a designated trading space as well as other facilities at Sinoruex;
2. A member can enjoy trading information and other related services provided by Sinoruex;
3. A member has the right to provide suggestions on improving the work of Sinoruex; and
4. A member is also entitled to other legal rights.

Article 9 A member shall perform the following obligations:
1. Comply with the rules and regulations of Sinoruex;
2. Pay membership and other required fees;
3. Be subject to business supervision of Sinoruex; 
4. Take full responsibility for proxy trading on behalf of non-members;
5. Inform Sinoruex in a timely manner of any important alteration; 
6. Take good care of the facilities and reputation of Sinoruex; and
7. Undertake other legal obligations.

Article 10 A member shall sign a contract with Sinoruex before engaging in trading activities and the Regulations is an integral part of the contract.

Article 11 A member can appoint a representative to trade and handle settlement and delivery on their behalf. The representative shall follow relevant rules and regulations of Sinoruex. All trading activities of the representative at Sinoruex are therefore regarded as representing that particular member, who shall take legal responsibility for the trading results. Each member shall keep their own trading account, password and identity encryption medium confidential and take full responsibility for the consequences resulting from their mismanagement.

 

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