For the purpose of safeguarding the smooth operation of the interbank FX market, when there is a failure in the equipment or communication lines of the interbank FX trading system (hereinafter referred to as the Trading System) as a result of which members are unable to engage in normal trading, the China Foreign Exchange Trade System (hereinafter referred to as CFETS) will provide the following emergency operating procedures for members of the foreign exchange market

I. Service procedure

1. Any member of the RMB/FX market, the G10 market, the Gold Market and FX Currency Lending market, who is unable to trade via a dedicated line may apply to the CFETS FX support team for emergency trading.

The application procedures for emergency trading are:

(1) Fill out the Application Form for Emergency trading completely. (Please find the attached application forms)

(2)Fax the Application Form with the official seal or authorized signature to the duty administrator of the CFETS FX support team and confirm by telephone/E-mail/ Wechat.

(3) Upon receipt of application form for emergency trading made by both parties to the transaction, the CFETS FX Support team shall enter the application into the Trading System to generate the transaction.(Note: the price for spot bilateral trading shall not fall outside the upper and lower limits of the central parity for the day)

2.For bilateral option trading,specifically the exercise of the option.

(1) On the expiry date and before the cut-off time, due to the failure of the trading system or the communication lines, if the buyer need to exercise the option via CFETS, shall fill in the application form for the option emergency service with the official seal or authorized signature and send to CFETS. In principle, application received by CFETS in the last 30 minutes prior to the cut-off time will not be accepted. However, if agreed by the option seller, service application would follow the (2) procedure.

(2) On the expiry date, during thirty minutes before the cut-off time and the closing time of the trading period, due to error operation or execution, if the buyer needs to exercise the option via CFETS, shall first have the seller’s permission and then send the application form to CFETS with the official seal or authorized signature.

(3) when CFETS receives and confirms the application is qualified, CFETS will exercise the option on the applicant’s behalf. The status of the option will change to “Exercised” and it will trigger a spot transaction.

3. Printing the deal ticket

(1) The CFETS FX support team will help generate the deal ticket and fax that to both sides to the transaction. Emergency trading data shall be automatically transferred to the member's trading data statistics.

(2) If a member closes a deal through the Trading System but is unable to print out the deal ticket, the member may also contact the duty administrator of the CFETS FX Support.

II. Service time

1.     The CFETS FX support team could provide the emergency service to the members, during the trading hours for the relevant trading products on each trading day

2.     Note:In principle, the cutoff time of emergency services shall be 30 minutes before the market closing, which is 23:00.(Beijing time)

III. Contact Information

Tel: 4009787878-7-1;

Fax: 021-58958525;

E-mail: fxsupport@chinamoney.com.cn;

The Wechat Official account: CFETSHelpdesk

Appendixes:

1. Application Form for Emergency Spot Bilateral Trading

2. Application Form for Emergency Forward Bilateral Trading

3. Application Form for Emergency Swap Bilateral Trading

4.Application Form for Emergency OptionBilateral Trading

5.Application Form for Emergency CCS Bilateral Trading

6. Application Form for Emergency Foreign Currency Lending Bilateral Trading

Disclaimer:

The English version is for your reference only. In case any discrepancy exists between the Chinese and the English version, the Chinese version shall prevail. CFETS shall not be liable for any losses, damages or any other liabilities suffered or incurred as a result of or in connection with such discrepancy.