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					     RISK DISCLOSURE STATEMENT
      Please read carefully and sign where indicated on pages 18.
      In consideration of SHTT Global Co., LTD. (“SHTT Global Co., LTD,”) agreeing to enter
into Over-the-Counter (“OTC”) Foreign Exchange and precious metals and precious metals
Contracts with the under signed (here in after referred to as the “Customer”), Customer
acknowledges, understands and agrees that:
      风险披露陈述
      请仔细阅读,并在第 18 页标明之处签名。
      鉴于 SHTT Global Co., LTD (“SHTT Global Co., LTD,”) 同意与以下签名人(以下称“客
户”  )签订柜台(“OTC”) 外汇及贵金属合同,客户承认、理解并同意:
      1. Foreign currency Trading Is Very Speculative and Risky.
         外汇及贵金属交易极具投机性和风险性。
      Foreign Exchange and precious metals and precious metals Trading is highly speculative and
is suitable only for those customers who (a) understand and are willing to assume the economic,
legal and other risks involved, and (b) are financially able to assume losses significantly in excess
of Margin or deposits. Customer represents, warrants and agrees that Customer understands these
risks and that Customer is willing and able, financially and otherwise, to assume the risks of
Foreign Exchange and precious metals and precious metals Trading.
      外汇及贵金属交易具有极高的投机性,只适合下列客户:(a)理解并同意承担相关的经
济、法律及其他风险;(b)经济上有能力承担大幅度超过保证金或存款的损失。客户声明、
保证并同意,         理解这些风险,           并愿意且在经济上及其他方面有能力承担外汇及贵金属交易的
风险。
      2. High Leverage And Low Margin Can Lead To Quick Losses.
         高杠杆和低保证金可能导致快速损失。
      The high leverage and low Margin associated with Foreign Exchange and precious metals
and precious metals Trading can result in significant losses due to price changes in Inc.‟s Margin
policies may require that additional funds be provided to properly margin Customer‟s Account and
that Customer must immediately meet such Margin requirements. Failure to maintain a minimum
Margin Balance may result in the liquidation of any Open Positions with a resultant loss to
Customer.
      与外汇及贵金属交易有关的高杠杆及低保证金,可能由于外汇及贵金属合同和交叉货
币合同的价格变动而产生大幅损失。SHTT Global Co., LTD.的保证金政策可能要求追加资
金,以适当保证客户的账户有足够的保证金,而客户必须立即满足此等保证金要求。如果无
法保持最低保证金余额,可能导致客户的任何未平仓交易被清算,从而致使客户蒙受损失。
      3. Currency Options, Including Over the Counter (“OTC”) Options.
         货币期权,包括柜台(“OTC”)期权。
      Transactions in options carry a high degree of risk. Purchasers and Sellers of options should
familiarize themselves with the type of option (i.e. put or call) which they contemplate trading and
the associated risks. You should calculate the extent to which the value of the options would have
to increase for your position to become profitable, taking into account the premium and all
transactions costs. The purchaser of options may off set or exercise the options or allow the
options to expire. The exercise of an option results either in a cash settlement or in the purchaser

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acquiring or delivering the underlying interest. If the option is on a futures contract or leveraged
Foreign Exchange and precious metals and precious metals transaction, the purchaser will acquire
a futures position or leveraged Foreign Exchange and precious metals position, as the case may be,
with associated liabilities for margin. If the purchased options expire worthless, you will suffer a
total loss of your investment, which will consist of the option premium plus transaction costs, If
you are contemplating purchasing deep-out-of-the-money options, you should be aware that the
chance of such options becoming profitable ordinarily is remote. Selling (“writing” or “granting”)
an option generally entails considerably greater risk than purchasing options. Although the
premium received by the seller is fixed, the seller may sustain a loss well in excess of the amount.
The seller will be liable for additional margin to maintain the position if the market moves
unfavorably. The seller will also be exposed to the risk of the purchaser exercising the option and
the seller will be obligated to either settle the option in cash or to acquire or deliver the underlying
interest. If the option is on a futures contractor leveraged Foreign Exchange and precious metals
and precious metals transaction, the purchaser will acquire a futures position or leveraged Foreign
Exchange and precious metals and precious metals position, as the case may be , with associated
liabilities for margin. If the option is “covered” by the seller holding a corresponding position in
the underlying futures contract, leveraged Foreign Exchange and precious metals and precious
metals transaction or another option, The risk may be reduced. If the option is not covered, the risk
or loss can be unlimited. Certain exchanges, banks or financial institutions in some jurisdictions
permit deferred payment of the option premium, exposing the purchaser to liability for margin
payments not exceeding the amount of the premium. The purchaser is still subject to the risk of
losing the premium and transaction costs. When the option is exercised or expires, the purchaser is
responsible for any unpaid premium outstanding at that time.
      期权交易具有很高的风险。期权买入者和卖出者应熟悉期权种类(例如,看跌期权或
看涨期权)        ,以使预计交易和相关风险。阁下应计算持仓获利需增加的期权价值幅度,同时
应考虑溢价和所有交易费用。
      期权买入者可抵消或行使期权,或允许期权过期。行使期权会导致现金交收或买入者
获得或交付优先利息。                 如果期权属于期货合同或杠杆外汇及贵金属交易,                                   买入者将获得与保
证金责任有关的期货所有权或杠杆外汇及贵金属交易持仓(视情况而定)                                                    。如果买入期权过
期而无价值,阁下将损失全部投资,包括期权溢价和交易费用。如果阁下计划购入极价外期
权,阁下应明白此类期权获利的机会通常较低。卖出(                                      “出售”或“售出”             )期权通常要承担
远大于买入期权的风险。                  尽管卖出者得到的溢价固定不变,                         但卖出者可能蒙受超出该金额的
损失。如果市场发生不利波动,卖出者亦需追加保证金以保持仓位。卖出者还将面对此类风
险,即若买入者行使期权,卖出者有责任以现金交收期权或获得或交付相关利息。如果期权
属于期货合同或杠杆外汇及贵金属交易,                              买入者将获得与保证金责任有关的期货所有权或杠
杆外汇及贵金属交易持仓(视情况而定)                              。如果期权受到在相关期货合同、杠杆外汇及贵金
属交易或其他期权中持有相应仓位的卖出者“保护”                                     ,风险可能会降低。如果期权不受保护,
风险或损失可能会非常大。                    有些司法管辖区的若干交易所、                       银行或金融机构准许延期支付期
权溢价,       致使买入者须对不超过溢价金额的保证金付款承担责任。                                        买入者仍可能会损失溢价
和交易费用。当期权获得行使或过期时,买入者须对当时未支付的溢价负责。
      4. Prices,Margin And Valuations Are Set By SHTT Global Co., LTD. And May Be
Different From Prices Reported Elsewhere.
         价格、保证金和估价由 SHTT Global Co., LTD.设定,有可能与其他地方公布的价格

                                                  2
不同。
      SHTT Global Co., LTD. will provide prices to be used in trading, valuation of Customer
positions and determination of Margin requirements. Although SHTT Global Co., LTD. expects
that these prices will be reasonably related to prices available in the inter-bank market, prices
reported by SHTT Global Co., LTD. may vary from prices available to banks and other
participants in what is known as the inter-bank market. SHTT Global Co., LTD. will exercise
considerable discretion in setting and collecting Margin. SHTT Global Co., LTD. is authorized to
convert funds in Customer‟s Account for Margin into and from such Foreign Currency at a rate of
exchange determined by SHTT Global Co., LTD. in its sole discretion on the basis of
then-prevailing money market rates.
      SHTT Global Co., LTD.将提供交易中使用的价格、客户持仓估价及对保证金要求的确
定。  尽管 SHTT Global Co., LTD.预计这些价格将与银行同业市场上提供的价格存在合理的相
关性,SHTT Global Co., LTD.公布的价格可能会和银行及银行同业市场的其他参与者提供的
价格有所不同。SHTT Global Co., LTD.将在很大程度上行使酌情权,设立及收取保证金。
SHTT Global Co., LTD.有权将客户账户中的资金转换为相关外币和从相关外币进行转换,作
为保证金,而汇率由 SHTT Global Co., LTD.全权酌情按当时资金市场的通行汇率决定。
      5. One Click Trading And Immediate Execution.
         一次点击交易和立即执行。
      SHTT Global Co., LTD‟s automated order entry system provides immediate transmission of
Customer‟s order once Customer enters the notional amount and clicks “buy/Sell”. There is no
“second look” before transmission, and Market Orders cannot be cancelled. This feature may be
different from other trading systems. Customer should complete the Demo Trading Systems to
become familiar with the order entry process before trading online with SHTT Global Co., LTD.
Customer agrees that by using SHTT Global Co., LTD‟s order-entry system, Customer agrees to
the one-click system and accepts the risk of this immediate transmission feature.
      SHTT Global Co., LTD.的指令自动输入系统在客户输入指定金额及点击“购买/出售”
后,立即传送客户的指令。在传送前没有“看第二眼”的机会,且市价指令亦无法取消。第
一特征可能与其它交易系统不同。                      客户在与 SHTT Global Co., LTD.进行网上交易之前,                    应通
过使用模拟交易系统,熟悉指令输入过程。客户同意,一旦使用 SHTT Global Co., LTD.的指
令输入系统,即表示客户同意一次点击系统,并接受这种立即传送方式带来的风险。
      6. Telephone Orders And Immediate Execution.
         电话指令和立即执行。
      Market Orders executed through the SHTT Global Co., LTD. Trading Desk are completed
when SHTT Global Co., LTD. says “deal” or “done”. At that point Customer has bought or sold
and cannot cancel the Market Order. By placing Market Orders through the SHTT Global Co.,
LTD. Trading Desk, Customer agrees to such immediate execution and accepts the risk of this
immediate execution feature.
      通过 SHTT Global Co., LTD.交易平台执行的市价指令,在 SHTT Global Co., LTD.表示
“成交”或“完成”时结束。此时,客户已经购买或售出市价指令,不能取消。一旦通过
SHTT Global Co., LTD.交易台发出市价指令,即表示客户同意这种立即执行方式,并接受这
种立即执行方式带来的风险。
      7. Market Recommendations Are Informational
         市场推荐仅供参考。

                                               3
     Customer Makes Independent Decisions, And SHTT Global Co., LTD. Is Not An Adviser Or
A Fiduciary To Customer. The market recommendations provided by SHTT Global Co., LTD. do
not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any Foreign
Exchange and precious metals and precious metals Contracts or Cross Currency Contracts. Each
decision by Customer to enter into a Contract or other transaction with SHTT Global Co., LTD.
and each decision whether a Contract or other transaction is appropriate or proper for Customer is
an independent decision by Customer SHTT Global Co., LTD. is not acting as an advisor or
serving as a fiduciary to Customer. Customer agrees that SHTT Global Co., LTD. has no fiduciary
duty to Customer and no liability in connection with and is not responsible for any liabilities,
claims, damages, costs and expenses, including attorneys‟ fees. Incurred in connection with
Customer following SHTT Global Co., LTD.‟s trading recommendations or taking or not taking
any action based upon any recommendation or information provided by SHTT Global Co., LTD.
                              且
     由客户独立做出决定, SHTT Global Co., LTD.并非客户的顾问或受托人。                                      SHTT Global
Co., LTD.提供的市场推荐并不构成买卖任何外汇及贵金属合同或交叉货币合同的要约或要
约建议。     客户的 SHTT Global Co., LTD.签订合同或其他交易的每项决定,                              以及合同或其他交
易对客户是否合适或正确的每项决定,都是由客户独立做出。SHTT Global Co., LTD.并非客
户的顾问或受托人。客户同意,SHTT Global Co., LTD.对客户不负有信托责任亦不承担相关
的责任,且概不负责客户因听 SHTT Global Co., LTD.的交易推荐或基于 SHTT Global Co.,
LTD.提供的任何推荐或信息而采取或未采取任何行为所产生的任何责任、索赔、损害、费
用及开支(包括律师费)                。
     8. Recommendations Are Based On Personal Judgments And Are Not Guaranteed.
        推荐基于个人判断而做出,因此并无保证 SHTT Global Co., LTD.的市场推荐仅基于
其工作人员的判断而做出。
     The market recommendations of, SHTT Global Co., LTD. are based solely on the judgment
of SHTT Global Co., LTD.‟s personnel. These market recommendations may or may or may not
be consistent with the market positions or intentions of SHTT Global Co., LTD., its affiliates and
employees, The market recommendations of SHTT Global Co., LTD. are based upon information
believed to be reliable, bus, SHTT Global Co., LTD. cannot and does not guarantee the accuracy
or completeness there of or represent that following such recommendations will reduce of
eliminate the risk inherent in Foreign Exchange and precious metals and precious metals Trading.
     这些市场推荐未必与 SHTT Global Co., LTD.其联属公司和雇员的市场持仓或意图一致。
SHTT Global Co., LTD.的市场推荐基于其认为可靠的信息而做出,但 SHTT Global Co., LTD.
无法且不会保证该等信息的准确性或完整性,                             亦无声明遵从该等推荐会减少或消除外汇及贵
金属交易的内在风险。
     9. Government Regulation And No Central Market Or Clearinghouse Guarantee Of Payment.
        政府监管和中央市场或清算机构保证付款。
     Foreign Exchange and precious metals and precious metals Trading with SHTT Global Co.,
LTD. is not regulated by state federal authorities in the United States and is conducted on a
regulated market or exchange. Each Contract is a Contract directly between SHTT Global Co.,
LTD. and the Customer. There is clearinghouse and guarantee by any other party of SHTT Global
Co., LTD.‟s payment obligations to the Customer.
     与 SHTT Global Co., LTD.开展的外汇及贵金属交易不受美国联保机构监管,                                      是在受监管
的市场或交易所中进行。                 每项合同都是 SHTT Global Co., LTD.与客户直接订立的合同。                           有清

                                                4
算机构介入,也有第三方保证 SHTT Global Co., LTD.对客户旅行付款义务。
      10. No Guarantees Of Profit.
          不保证利润。
      There are no guarantees of profit or freedom from loss in Foreign Exchange and precious
metals and precious metals Trading. Customer has received no such guarantees from SHTT Global
Co., LTD. or from any its representatives. Customer is aware of the risks inherent in Foreign
Exchange and precious metals and precious metals Trading and is financially able to bear such
risks and withstand any losses incurred.
      我们不保证客户能在外汇及贵金属交易中获利或不受损失。                                     SHTT Global Co., LTD.或其
任何代表从未向客户做出此类保证。                         客户了解外汇及贵金属交易的内在风险,                        且有经济能力
承担此等风险和承受产生的任何损失。
      11. Customer May Not Be Able To Close Open Positions.
          客户可能无法平仓。
      Due to market conditions or other circumstances SHTT Global Co., LTD. may be unable to
close out Customer‟s position at the level specified by Customer, and Customer agrees SHTT
Global Co., LTD. will bear no liability for failure to do so.
      由于市场状况或其他状况,SHTT Global Co., LTD.可能无法再客户指定的价位平仓,而
客户同意如果无法平仓,SHTT Global Co., LTD.不会对此负有任何责任。
      12. Customer Has No Recourse If SHTT Global Co., LTD. Shot Down Of Business.
          若 SHTT Global Co., LTD.停业,客户无追索权。
      SHTT Global Co., LTD. will be in line with the principles of customer-focused to maximize
the maintenance of client‟s interest will not be harmed.
      SHTT Global Co., LTD.会本着客户至上的原则最大程度的维护客户的利益不受损害。
      13. Trading Ahead And Along.
      超前及并行交易。
      SHTT Global Co., LTD., its personnel and affiliates and various other parties may execute
orders at the same or better prices ahead of a Customer Order.
      SHTT Global Co., LTD.其工作人员和联属公司以及其他各方,可以在执行客户指令之
前,以相同或更好的价格执行指令。
      14. Third Party Agents.
          第三方代理。
      In THE EVENT THAT Customer grants trading authority or control over Customer‟s
Account to a third party ( the „ Trading Agent‟), whether on a discretionary or non-discretionary
basis, SHTT Global Co., LTD. shall in no way be responsible for reviewing Customer‟s choice of
such Trading Agent or for making any recommendations with respect thereto. SHTT Global Co.,
LTD. make no representations or warranties concerning any Trading Agent; SHTT Global Co.,
LTD. shall not be responsible for any loss to Customer occasioned by the actions of the Trading
Agent and SHTT Global Co., LTD. does not, by implication or otherwise, endorses any of the
operating methods of the Trading Agent. If Customer gives the Trading Agent authority to exercise
any of its rights over its Account, Customer dose so at Customer‟s risk. Even though the
undersigned grants authority to Trading Agent, client should be diligent and closely scrutinize all
account activity. SHTT Global Co., LTD. provides online Account access at info@SHTT8.com,
where by client may view their Account Value and Account Activity. Customer understands that its

                                                5
Trading Agent may charge Customer to manage Customer‟s trading activity and that
compensation: will be in the form of fees charged an a par trade or other basis. Customer agrees
that SHTT Global Co., LTD. is authorized to deduct pips, fees and/or commissions on a par trade
or other basis from Customer‟s account on behalf of Trading Agent. It is the Customer‟s
responsibility to inquire with Customer‟s Trading Agent as to what such compensation may be.
Customer understands that such per trade compensation could create a potential conflict of interest
for Trading Agent in that Trading Agent may have an incentive to make trades to generate
compensation. Customer understands and accepts this potential conflict of interest and waives any
claims against SHTT Global Co., LTD. or its affiliates arising of such compensation.
      如果客户将客户账户的交易权限或控制权授予第三方(                                                )
                                                                 “交易代理”,不论是全权委托
还是非全权委托,SHTT Global Co., LTD.均无责任审查客户对交易代理的选择或对其提出任
何建议。      SHTT Global Co., LTD.并无就任何交易代理做出声明或保证;                           SHTT Global Co., LTD.
概不负责客户因交易代理的行为产生任何损失, SHTT Global Co., LTD.并无通过暗示或其且
他方式赞同或比准交易代理的经营方法。                          如果客户授权交易代理对其账户行使任何权利,                               则
风险由客户自行承担。即使以下签名人授权交易代理权限,客户仍应尽心尽责,仔细审查所
有账户条目。SHTT Global Co., LTD.在其网站 http://www.shtt8.com 上,提供网上账户查询服
务,使客户能够了解账户价值及账户条目。客户理解,交易代理可能就管理客户的交易活动
向客户收取费用,并理解赔偿金将采取按每笔交易或其他基准收取费用的形式。客户同意,
SHTT Global Co., LTD.有权代表交易代理,               按每笔交易或其他基准,                 从客户账户中扣除点数、
费用和/或佣金。客户有责任向客户交易代理询问赔偿金的相关信息。
      15. Internet Trading.
          网上交易。
      Since SHTT Global Co., LTD. does not control signal power, its reception or routing via
Internet configuration of Customer‟s equipment or reliability of its connection, SHTT Global Co.,
LTD. shall not be liable for any claims, losses, damages, costs or expenses, including attorneys‟
fees, caused, directly or indirectly, by any breakdown or failure or any transmission or
communication system or computer facility, whether belonging to SHTT Global Co., LTD.,
Customer, any market, or any settlement or clearing system when Customer trades online(i.e., via
Internet).
      SHTT Global Co., LTD.无法控制信号的强弱、其通过互联网的接受和传播、客户设备的
配置或其连接的可靠性,                因此对于因任何传送或通讯系统或计算机设施发生任何崩溃或故障
而直接或间接产生的任何索赔、损失、损害、费用或开支(包括律师费)                                              ,SHTT Global Co.,
LTD.均不负责任,而不论该等系统或设施属于 SHTT Global Co., LTD.客户、任何市场或客
户网上(即通过互联网)交易的任何交收或清算系统。客户理解,每笔交易赔偿金可能会对
交易代理产生利益冲突,                即交易代理可能以产生赔偿金为动机促成交易。                               客户理解并接受此
类潜在利益冲突,并放弃就该赔偿金对 SHTT Global Co., LTD.或其联属公司提出任何索赔。
      16. Telephone Orders.
          电话指令。
      SHTT Global Co., LTD. is not responsible for disruption, failure or malfunction of telephone
lines.
      SHTT Global Co., LTD. 对电话线路受干扰、失灵或故障概不负责。
      17. Quoting Errors.
          报价错误。

                                                6
     Should a quoting error occur due to a mistype of a quote or a misquote given by telephone
(including responses to Customer requests), SHTT Global Co., LTD. is not liable for any resulting
errors in Account Balances and reserves the right to make necessary corrections or adjustments on
the Account involved. Any dispute arising from such quoting errors will be resolved on the basis
of the fair market value, as determined by SHTT Global Co., LTD. in its sole discretion, of the
relevant Currency at the time such an error occurred.
     如果由于报价输入错误或电话提供错误报价(包括回答客户的询价)而导致报价错误,
SHTT Global Co., LTD.无须对由此引起的账户余额错误负责,并保留对相关账户做出必要改
正或调整的权利。由于此类报价错误而产生的任何争议将按照错误发生时 SHTT Global Co.,
LTD.全权酌情确定的相关货币的公平市价来解决。
     18. Sales.
          出售。
     In the event that Customer directs SHTT Global Co., LTD. to sell any Margin, Collateral,
Contract or other property and SHTT Global Co., LTD. is unable to deliver such Margin,
Collateral, Contractor property to a purchaser because Customer fails to deliver same to SHTT
Global Co., LTD., SHTT Global Co., LTD. may borrow or purchase any Margin, Collateral,
Contractor property necessary to make such delivery, and any loss sustained by SHTT Global Co.,
LTD. is guaranteed by Customer.
     如果客户指示 SHTT Global Co., LTD.出售任何保证金、抵押品、合同或其它财产,而由
于客户没有将向该等保证金、                   抵押品、    合同或其他财产交与 SHTT Global Co., LTD.导致 SHTT
Global Co., LTD.无法向购买者交付上述该等保证金、抵押品、合同或其它财产,则 SHTT
Global Co., LTD.可以借用或购买进行上述交易或其它财产,而客户保证 SHTT Global Co.,
LTD.不会蒙受任何损失。
     19. SHTT Global Co., LTD. Has Limited Liability.
          SHTT Global Co., LTD.承担有限责任。
     Neither SHTT Global Co., LTD., nor its affiliates, or subsidiaries, nor any other of their
Directors, Officers, Shareholders, employees or agents shall be liable to Customer for any claims,
losses, costs or expenses, including attorneys‟ fees, caused, directly or indirectly, by any events,
actions or omissions, without limitation, claims, losses ,damages, costs and expenses, including
attorneys‟ fees, resulting from civil unrest, war insurrection, international intervention,
governmental action (including, without limitation, forfeitures, nationalizations, devaluations),
natural disasters, acts of God, market conditions, inability to communicate with any relevant
person or any delay, disruption, failure or malfunction of any transmission or communication
system or computer facility whether belonging to SHTT Global Co., LTD., Customer, any market,
or any settlement or clearing system.
     SHTT Global Co., LTD.及其联属公司、子公司或其他任何董事、高级职员、股东、雇员
或代理均无须对客户承担由任何事件、作为或不作为直接或间接产生的任何索赔、损害、费
用或开支(包括律师费)                ,包括但不限于由于内乱、战争、叛乱、国际干预、政府行为(包
括但不限于没收、国有化、贬值)                     、自然灾害、天灾、市场状况、无法与任何相关人士联络,
或任何传送或通讯系统或计算机设施                        (不论属于 SHTT Global Co., LTD.客户、                任何市场或任
何交收或清算系统)发生任何延迟、干扰、故障或失灵而产生的索赔、损失、损害、费用或
开支(包括律师费)             。
     20. Reporting Errors.

                                                7
         报告错误。
     Customer must review and report immediately errors on confirmations and statements.
Failure to Notify SHTT Global Co., LTD. immediately of any error or omission will bind
Customer to the terms of such confirmation or statement, as the case may be.
     客户必须查阅并立即报告确认书和结算单上的错误。如未立即通知 SHTT Global Co.,
LTD.任何错误或遗漏,客户将接受有关确认书或结算清单条款(视情况而定)所约束。




     TRADING POLICIES AND PROCEDURES
     Please read carefully and sign where indicated on pages18.

     交易政策及程序
     请仔细阅读并在第 18 页标明之处签名
     1.0 INTRODUCTION
          绪言
     1.1 Your Responsibility.
          阁下的责任。
     You must read and understand this document before effecting transactions. SHTT Global Co.,
LTD.‟s Trading Policies and Procedures are an Annex to and an integral part of your Customer
Agreement. It is your responsibility as Customer to carefully read these Trading Policies and
Procedures and to inform SHTT Global Co., LTD. of any questions or objections that you may
have regarding them before entering each and every trading Order In entering your trading Orders
with SHTT Global Co., LTD. you agree, represent, warrant and certify that you understand and
accept these Trading Policies and Procedures, as they are set forth here and as may be amended
from time to time by
SHTT Global Co., LTD., in its sole discretion, and you agree to comply with these Trading
Policies and Procedures as currently in effect at any time. Terms capitalized in these Trading
Policies and Procedures are defined in the Glossary.
       阁下必须在惊醒交易前仔细阅读并理解本文件。SHTT Global Co., LTD.的交易政策及
程序师客户协议的组成部分。作为客户,阁下有责任在输入每项交易指令前,仔细阅读这些
交易政策及程序,并将任何相关问题或异议告知 SHTT Global Co., LTD.一旦在 SHTT Global
Co., LTD.输入交易指令,即表示阁下同意、声明、保证并保证,阁下理解并接受本协议所载
的及经 SHTT Global Co., LTD.全权酌情不时修订的交易政策及程序,                               并且阁下同意在任何时
间均遵守在当时有效的交易政策及程序。                          本交易政策及程序合纵使用的专有术语在词汇表中
做出定义。
1.2 New Account Applicants.
           新账户申请人。
       You must complete all of the steps in Section 4.1 of these Trading Policies and Procedures
prior to executing your first trade.
       在进行第一次交易之前,                 阁下必须完成本交易政策及程序中第 4.1 条规定的所有步骤。
       2.0 TRADING HOURS

                                                8
           交易时间
       2.1 Times for Trading and Account Monitoring.
           交易时间和账户监控。
             All references to SHTT Global Co., LTD. hours of trading are in U.S. Eastern Standard
Time(“EST”) using a 24-hourformat. SHTT Global Co., LTD. normally provides access for
Foreign Exchange and precious metals and precious metals Trading on the Website from 17:00
EST on Friday, but SHTT Global Co., LTD. reserves the right to suspend or modify its trading
hours at any time. OTC Foreign Currency markets operate 24 hours a day. Following submission
of an Order to trade, it is the sole responsibility of Customer to remain available for Order and Fill
confirmations, and other communications regarding Customer‟s SHTT Global Co., LTD. Account
until all open Orders are completed. Thereafter, Customer must monitor Customer‟s Account
frequently when Customer has Open Positions in the Account.
      凡提及 SHTT Global Co., LTD.交易时间之处均指美国东部标准时间(                                          )
                                                                                 “EST”,采用 24
小时制。通常情况下,SHTT Global Co., LTD.从星期日 17:00 EST 至星期五 17:00 EST 在
                                     但
网站上提供外汇及贵金属交易, SHTT Global Co., LTD.保留在任何时间暂停或修改其交易
时间的权利。柜台外币交易市场全天空闲小时营业。提交交易指令后,客户的唯一责任是等
待填写指令确认书,               以及关于客户的 SHTT Global Co., LTD.账户的其它通讯,                          直到所有未执
行指令完成为止。之后,如果客户账户中有未平仓交易,客户必须时常监控其账户。
      3.0 TRADE ORDERS
          交易指令
      3.1 Types of Orders Accepted
          获接受的指令类型
      Some of the types of Order SHTT Global Co., LTD. accept include, but are not limited to:
      接受的一些指令类型包括但不限于:
      Good Till Canceled Order(“GTC”) — An Order(other than a Market Order).that by its
terms is effective until the earliest of thirty calendar days or until canceled by Customer If the
thirtieth calendar day is not a Business Day; the order will expire on the last Business Day within
the thirty-day period. SHTT orders do not automatically cancel at the end of the Business Day.
      撤销前有效指令           (”GTC”)       ——在指令提交后三十个自然日之前或在客户取消之前                                  (以
较早者为准)         ,按其条款一直有效的指令(市价指令除外)                              。如果第三十天不是营业日,该类
指令将在三十天期限内的最后一个营业日到期。                                   在该营业日结束之前,             SHTT 指令不会自动
取消。
      Limit Order — An Order (other than a Market Order)to buy or sell the identified Currency,
or pair of Currencies, at a specified Foreign Exchange and precious metal and precious metals
Rate. A Limit Order to buy generally will be executed when the Ask Price equals or falls below
the Foreign Exchange and precious metals and precious metals Rate as specified in the Limit
Order to sell generally will be executed when the Bid Price equals or exceeds the Foreign and
precious metals and precious metals Rate specified in the Limit Order.
      限价指令——按指定及贵金属汇率,购买或出售已确定货币或一对货币的指令(市价
指令除外)        。买入限价指令一般在沽盘价等于或低于该限价指令指定的外汇及贵金属汇率时
执行。卖出限价指令一般在买入价等于或超过该限价指令指定的外汇及贵金属汇率时执行。
      Market Order — An Order to buy or sell the identified Currency, or pairs of Currencies, at
the current market Foreign Exchange and precious metals and precious metals Rate. An Order to

                                                 9
buy is executed at the Ask Price, and an Order to sell is executed at the Bid Price.
      市价指令——按当前市场外汇及贵金属汇率,购买或出售已确定货币或一对货币的指
令。买入市价指令以沽盘价执行,卖出市场指令买入价执行。
      One Cancels the Other Order (“OCO”).— An order that is linked to another order. If one
SHTT Global Co., LTD. of the orders is executed, the other will be automatically cancelled.
      选择性指令(”OCO”)——与其它指令相互关联的指令。如果其中一项指令被执行,
其它指令表将自动取消。
      Stop/Loss Order — An order to buy or sell at a specified Foreign Exchange and precious
metals and precious metals Rate away from the current market for the purpose of liquidating an
Open Position during market conditions in which there has been an adverse movement in Foreign
Exchange and precious metals and precious metals Rates. Execution of such an order can occur at
a rate adverse to the Stop/Loss order rate as specified by the Customer.
      停损/止蚀指令——以不同于市价的外汇及贵金属汇率,购买或出售的指令,以使在外
汇及金属汇率发生不利变动的市场状况下,                             清算未平仓交易。            此类指令可能按不利于客户指
定的停损/止蚀指令汇率的汇率执行。]
      3.2 Order Size, Trading Increments.
          指令单位、交易增幅
      (a)Deal size
          交易单位
      The minimum Order is 100,000 of the Base Currency system and 10,000 for the MINI. The
maximum order is as defined by SHTT Global Co., LTD. All Opening Transactions require such
Margin, as SHTT Global Co., LTD. may determine.
      基础货币系统的最小指令单位为 100,000,而小额系统的最小指令单位为 10,000。最大
指令单位由 SHTT Global Co., LTD.确定。                所有未平仓交易均需要支付 SHTT Global Co., LTD.
可能确定的保证金。
      (b)Order Entry.
         指令输入。
      All Orders must be placed through the SHTT Global Co., LTD. Online Trading System,
(“Trading System”) or by telephone to the SHTT Global Co., LTD. Trading Desk. Telephone
orders are accepted in the sole discretion of SHTT Global Co., LTD.
      所有指令均必须通过 SHTT Global Co., LTD.的网上交易系统 “交易系统” 或通过致电               (             )
SHTT Global Co., LTD.交易台提交。SHTT Global Co., LTD.可全权酌情决定是否接受电话指
令。
      3.3 One Click Order Entry/One Click Execution of Market Orders.
          一次点击指令输入/一次点击市价指令执行。
      (a)Electronic Order entry for Market Orders equals Order execution.
         市价指令的网上指令输入等于指令执行。
      To enter an Order via the „Trading system‟, Customer must access the deal entry screen, enter
the notional amount, i.e., the size of the trade, in lots of 100,000 and select the Eligible Foreign
Currencies or Cross Currency Paris. When prepared to trade, Customer must then click on
“BUY/SELL”. The Order is filled shortly after the Customer hits “BUY/SELL”, if the Customer
has sufficient funds in his or her Account and a “deal failed” message is not received. Deals may
fail for several reasons including changing dealer prices, insufficient margin, unspecified lot size

                                                10
or unanticipated technical difficulties. SHTT Global Co., LTD.‟s Customers obtain AUTOMATIC
EXEECUTION for Market Orders so long as their Accounts contain sufficient Margin and there is
no deal/fail message. Immediate transmission means that there is no “second look” and no way for
Customer to cancel a Market Order once Customer has clicked “BUY/SELL”. Customer assumes
all liability for and all risk in connection with the position.
       要通过“交易系统”输入指令,客户必须进入指令输入页面、输入名义款项(即交易
额,如 100,000 手)并选择合适外币或一对交叉外币。准备交易时,客户必须点击“买/卖”                                                       。
如果客户账户上有足够的资金,且没有收到“交易失败”的信息,客户点击“买/卖”后不
久便可填写指令。交易可能会因许多原因而失败,包括交易商改变价格、保证金不足,没有
指定交易单位或无法预计的技术困难。只要客户账户内足够的保证金,且没有收到交易/失
败信息,SHTT Global Co., LTD.的客户可获得市价指令的自动执行。立即的传送意味着客户
在点击“买/卖”后,将没有“看第二眼”的机会,且不能取消市价指令。户应承担与此种
方式有关任何及所有风险。
       (b)Immediate Execution of Market Orders Through the SHTT Global Co., LTD.
Trading Desk.
         通过 SHTT Global Co., LTD.交易合同立即执行市价指令。
       Market Orders executed through the SHTT Global Co., LTD. Trading Desk are completed
when SHTT Global Co., LTD. says “deal” or “done”. At that point Customer has bought or sold
and cannot cancel the Market Order. Customer has bought or sold and cannot cancel the Market
Order. Customer agrees by placing Market Orders through the SHTT Global Co., LTD. Trading
Desk to such immediate execution and accepts the risk of this immediate execution feature.
                                                                在
       通过 SHTT Global Co., LTD.交易台执行的市价指令, SHTT Global Co., LTD.表示                               “成
交”或“完成”时结束。此时,客户已经购买或售出市价指令,不能取消。一旦通过 SHTT
Global Co., LTD.交易台发出市价指令,                    即表示客户同意这种立即执行方式,                      并接受这种立即
执行方式带来的风险。
       3.4 Order Cancellation.
           指令取消。
       Rapid changes in Bid Prices and Ask Prices, may cause Customer‟s Order to be executed
before Customer can cancel it and SHTT Global Co., LTD. shall have no liability for any claims,
losses, damages, costs or expenses, including attorney‟s fees, arising directly out of failure of such
Order to be cancelled.
       买入价和卖出价的迅速变化,可能导致客户取消指令前被执行,而 SHTT Global Co.,
LTD.概不承担因未取消有关指令而直接或间接的任何人索赔、损失、损害、费用或开支(包
括律师费)         。
       3.5 Capacity.
           身份。
       SHTT Global Co., LTD. acts as a principal and is the counter party in each SHTT Global Co.,
LTD. Contract or transaction with its Customers.
       以当事人的身份行事,并在与客户订立的各项合同或交易中作为对手方。
       3.6 Telephone Orders; Recording; Confirmation.
           电话指令;记录;确认。
       Any and all conversations Customer has with SHTT Global Co., LTD. principals, agents,
employees or associates, including the SHTT Global Co., LTD. Trading Desk and customer

                                                 11
service and operations desks may, at the option and in the sole discretion of SHTT Global Co.,
LTD., be recorded electronically with or without the use of an automatic tone warning device.
Market Orders entered by telephone will be verbally confirmed to Customer at the time the order
is entered. If the Order cannot be executed at that time, the Order will be entered for execution
according to its terms. Customer positions will be updated by 17:30 EST for telephone orders.
      SHTT Global Co., LTD.可选择及债权酌情决定,                    通过电子方式将客户与 SHTT Global Co.,
LTD.负责人、代理人、雇员或联系人士(包括 SHTT Global Co., LTD.交易台、客户服务部
和营业部)之间的任何和所有谈话录音,而无论是否使用自动语音警告设备。通过电话输入
的市价指令将在输入指令时向客户口头确认。                               如果当时无法执行指令,                 指令将依据其条款输
入以待执行。对于电话指令,客户持仓将于 17:30 EST 更新。
      3.7 Terms of Acceptance for Orders.
           指令接受条款。
      It is Customer‟s sole responsibility to clearly indicate the terms of an Order when entered,
whether Market Order, Limit Order, Stop/Loss Order, OCO Order or any other type of order
accepted by SHTT Global Co., LTD., including the Order‟s Value Date and specified Spot Rate
limits, where applicable. Although a Spot Rate is specified upon entry of Stop/Loss Orders, Limit
Orders and other non-market Orders, market conditions may often prevent the execution of an
individual Customer‟s non-market Orders despite other dealing activity at that price level, or may
often require non-market Orders to be Filled at a substantially different Spot Rate, and Customer
agrees to accept the best rate which SHTT Global Co., LTD., in its discretion, may assign to the
Fill. Customer acknowledges that SHTT Global Co., LTD. shall have no liability for failure to Fill
Orders, and makes no guarantee of an Order‟s priority over the Orders of SHTT Global Co., LTD.,
it‟s other customers, associated principals, officers, directors, affiliates, associates, employees,
banks, bank employees or other dealers. No non-market Order will be accepted unless the
specified Spot Rate limit on such Order is at least five(5)points away at the time of Order entry.
SHTT Global Co., LTD. shall have the right, but not the obligation, to reject any Order in whole or
in part before or after confirmation, or to cancel and rescind any Fill, where Customer‟s Account
contains Margin that is insufficient TO SUPPORT THE ENTIRE ORDER at the time that market
levels reach the order levels as specified by the client, or where, in the opinion and sole discretion
of SHTT Global Co., LTD., the execution of such Order may place Customer‟s Account in an
insufficient Margin condition, or where such Order or Fill is illegal or otherwise Improper.
      客户本身有责任在输入指令时,明确说明指令条款,是市价指令、限价指令、停损/止
蚀指令、当日有效指令、选择性指令,还是 SHTT Global Co., LTD.接受的任何其它类型的指
令,包括指令的交割日和指定的即期汇率限价(如适用)。尽管在输入停损/蚀指令、限价指令
和其它非市价指令时会指定即期汇率,市场状况经常妨碍个别客户的非市价指令的执行(即
使在该价位上,有其它交易得到执行),或要求非市价指令以与即期汇率相去甚远的汇率执
行,而客户同意接受 SHTT Global Co., LTD.酌情为其执行的最佳汇率。客户承认,SHTT
Global Co., LTD.须尽最大努力接受非市价指令。SHTT Global Co., LTD.无须对未执行指令承
           且
担责任, SHTT Global Co., LTD.并无保证客户的指令会优先于 SHTT Global Co., LTD.其它
客户、相关负责人、高级职员、董事、联属公司、联系人士、雇员、银行、银行雇员或其它
交易商的指令。           仅当指令于输入时的指令即期汇率限价至少相差五个点时,                                        方可接受非市价
指令。如果客户账户的保证金不足以在市场价位达到客户指定的指令价位时支持全部的指
令,或有关指令或其执行属于非法或在其它方面欠妥,则 SHTT Global Co., LTD.有权(但无

                                                 12
义务)在确认前或确认后拒绝全部或部分指令,或取消及恢复已执行的指令。
     3.8 Confirmation of Fills.
         填单确认。
     Trades executed online will be confirmed online in the Activity Log, Deal Blotter and on the
Execution Screen. In addition, the Position Management Screen is updated online as each trade is
executed. Telephone orders are verbally confirmed and confirmed online in the Deal Blotter and
Position Management Screen by 17:30 EST on the day the order is placed. Confirmation of Fills,
and statements of Accounts for Customer shall be deemed correct and shall be conclusive and
binding upon Customer if not objected to immediately by pone or email if placed through SHTT
Global Co., LTD.‟s Online Trading System or by telephone to the SHTT Global Co., LTD. Trading
Desk and such objection is confirmed in writing within three (3) days after transmittal to
Customer by mail or otherwise. SHTT Global Co., LTD. reserves the tight to be the final arbiter
with respect to disputed Orders.
     网上执行的交易在活动记录、交易总结和执行页面上进行在线确认。此外,每次交易
被执行时,持仓管理页面会随之在线更新。电话指令以口头方式确认,并在提交指令当日
17: EST 之前,
    30              在交易总结和持仓管理页面在线确认。                       如果在通过 SHTT Global Co., LTD.
的网上交易系统或通过致电 SHTT Global Co., LTD.交易台提交指令时,                                填单确认和客户账户
结算单并没有遭到以电话或电子邮件提出的异议                             (且异议在确认或结算单通过邮件或其他方
式传送给客户三天内得到书面确认)                      ,则填单确认和客户账户结算单须被视为正确,且具有
决定性,对客户具有约束力。SHTT Global Co., LTD.保留其作为争议指令的最终仲裁者的权
利。
     4.0 CUSEOMER ACCOUNTS;INITIAL DEPOSITS;DEMO TRADING SYSTEMS
         客户账户;初始存款;模拟交易系统
     4.1 Documents.
         文件。
     Before you can place an Order with SHTT Global Co., LTD. you must complete the
Customer Account Application and read, complete and sign the Customer Agreement, including
all Annexes thereto, including the Risk Disclosure Statement and these Trading Policies and
Procedures, which must each be separately signed and all applicable addenda(with required
signatures where indicated), you must deposit sufficient funds in your Account, you Customer
Account Application must be approved by SHTT Global Co., LTD., your deposited funds must
have cleared the banking system, and you must have completed the Demo Trading Systems, if
required to do so by SHTT Global Co., LTD. Please download and print the Customer Account
Application and the Customer Agreement, including all Annexes thereto, addenda and signature
pages. We strongly urge each applicant to complete the Demo Trading Systems. Customers who,
in the sole judgment of SHTT Global Co., LTD., do not have at least six months trading
experience in Foreign Exchange and precious metals and precious metals may be required by
SHTT Global Co., LTD., in its sole discretion, to complete the Dome Trading Sys prior to being
permitted to trade with SHTT Global Co., LTD. Also, SHTT Global Co., LTD. must accept your
Customer Account Application before SHTT Global Co., LTD. will permit you to trade in your
Account. You will be notified by e-mail when your Customer Account Application has been
approved. If a Customer applies online, Customer will be permitted to trade only after SHTT
Global Co., LTD. has received a completed and signed Customer Account Application and

                                               13
Customer Agreement. SHTT Global Co., LTD. may in its sole discretion, initially accept a fax
copy of the signed. Customer Account Application(including all applicable Addenda), along with
signature pages from the Customer Agreement and may permit one or more trades if Customer has
deposited sufficient funds into the Account. In this case, SHTT Global Co., LTD. must receive an
original signed copy of the entire New Account Request Package, including the Customer Account
Application and Customer Agreement and all applicable addenda(with required signatures where
indicated) within seven(7) days of completion of the online Customer Account Application. Is
SHTT Global Co., LTD. does not receive the Customer Account Application and Customer
Agreement and all applicable addenda(with required signatures where indicated) with original
signatures, SHTT Global Co., LTD. reserves the right to liquidate any Open positions in the
Account and to close the Account.
     在向 SHTT Global Co., LTD.提交指令之前,阁下必须填妥客户账户申请,并与阅读、完
成和签署客户协议,包括其所有附件、风险披露陈述和本交易政策及程序(必须单独签署)
及所有适用附录(带有在标明处要求的签名)                                ;必须在账户中存入足够的资金;阁下的客户
账户申请必须获得 SHTT Global Co., LTD.的批准;                        阁下的存款已在银行系统中清算;                    以及在
SHTT Global Co., LTD.要求时,必须完成模拟交易系统。请下载并打印客户账户申请表和客
户协议,包括其所有附件、附录和签名页。我们强烈建议每位申请人均完成模拟交易系统。
SHTT Global Co., LTD.可全权判断,如果客户不具备至少六个月的外汇及贵金属交易经验,
SHTT Global Co., LTD.可全权酌情,要求客户完成模拟交易系统,之后方可与 SHTT Global
Co., LTD.进行交易。此外,仅在客户的账户申请获得 SHTT Global Co., LTD.批准后,阁下方
可过准使用账户进行交易。当阁下的客户账户申请获得批准后,阁下将受到电子邮件通知。
如果客户在网上申请,                仅当 SHTT Global Co., LTD.受到填妥的经签署的客户账户申请和客户
协议后,才会允许客户进行交易。SHTT Global Co., LTD.可以全权酌情决定,先接受经签署
的客户账户申请(包括所有附录)的传真件以及客户协议的签名页,并准许在客户已将足够
的资金存入账户后进行一项或多项交易。                             在这种情况下。           客户必须在填写网上客户账户申请
后七(7)天内,将整份新账户申请文件的经签署正本送达 SHTT Global Co., LTD.该等文件
包括客户账户申请和客户协议及所有适用附录                                (注明之处带有所有签名) 如果 SHTT Global    。
Co., LTD.没有收到客户账户和客户协议集所有适用附录                                  (注明之处带有所需签名)                 的签字正
体,则 SHTT Global Co., LTD.保留清算账户任何未平仓交易及关闭账户的权利。
     4.2 Currency for Rendering Accounts.
            账户注资的货币。
     All initial deposits to Customer Account will be accepted only in United States Dollars(USD)
and Great British Pounds(GBP) and, unless settlement and delivery of a Foreign Currency have
taken place, all Account Balances will be computed and reported only in U.S. Dollars.
     客户账户的所有初始存款仅接受美元(USD)和英镑(GBP)                                         ,且除非已经发生外币交
手和交付,所有账户余额均仅以美元计价和报账。
     4.3 Minimum initial deposit.
          最低初始存款。
     To open an SHTT Global Co., LTD. trading Account, a minimum deposit of $3,000 by check
or wire transfer is required. Please refer to page three for specific deposit instructions.
     在 SHTT Global Co., LTD. 开设交易账户,最低存款为 3,000 美元,存款需要使用支票
或电汇。详细的存款说明,请参阅第三页。
     4.4 Recognition of Deposits.

                                              14
          存款确认。
      No deposit shall be recognized until the wire or check has been fully cleared and collected by
SHTT Global Co., LTD.‟s bank or depository institution.
      仅当电汇或支票全部清算,                 并由 SHTT Global Co., LTD.的银行或存款机构收款后,                        才会
确认存款。
      4.5 Fees.
          费用。
      All banking fees shall be charged to Customer‟s Account at SHTT Global Co., LTD.‟s
discretion, including a $25.00 SHTT Global Co., LTD. fees, over and above any bank fees, for
each returned check.
      经 SHTT Global Co., LTD.酌情决定,所有银行费用均将在客户账户内扣除,包括 25.00
美元 SHTT Global Co., LTD.费用,以及就每张退还支票缴纳的任何银行费用。
      5.0 MARGIN REQUIREMENTS
          保证金要求
      5.1 Your Obligation is More Than Your Deposit.
          阁下的责任不仅仅是存款。
      SHTT Global Co., LTD. does not require Customers to pay the full price of Foreign
Currencies Customer may buy and sell. Instead, Customer is required to post a small percentage of
the full amount, which Customer is obligated to pay to SHTT Global Co., LTD. under the Contract,
to secure Customer‟s obligations to SHTT Global Co., LTD. Margin includes Required Margin for
Open Positions, which is based on (i) the Opening Margin Requirement; (ii) the Maintenance
Margin Requirement; (iii) the market value of Open Positions; and (iv) any additional amount as
SHTT Global Co., LTD., in its sole discretion, believes is prudent to require . Margin requirements
are subject to change at any time in SHTT Global Co., LTD.‟s sole discretion and without prior
notice.
      SHTT Global Co., LTD. 不要求客户支付其买卖外汇及贵金属的全部金额。相反,客户
只需要向 SHTT Global Co., LTD.支付客户在合同项下应付全部金额的较小比例,                                         以保证客户
履行对 SHTT Global Co., LTD.承担的责任。                 保证金包括未平仓交易的必备保证金,                         按一下标
         (i)
准计算: 开仓保证金要求;                   (ii) 保证金要求;        (iii)  未平仓交易的市值;             及(iv) SHTT Global
Co., LTD.为谨慎起见全权酌情要求的任何其他金额。SHTT Global Co., LTD.可以全权酌情随
时改变保证金要求,而无需提前通知。
      5.2 Opening Margin Requirement.
          开仓保证金要求。
      The Opening Margin Requirement is the minimum Margin Balance necessary, in the sole
discretion of SHTT Global Co., LTD., to establish a new Open Position.
      开仓保证金要求是 SHTT Global Co., LTD.全权酌情决定的、                          为建立新仓盘所需的最低保
证金余额。
      5.3 Maintenance Margin Requirement.
          保证金维持要求。
      The Maintenance Margin Requirement is the minimum Margin Balance necessary, in the sole
discretion of SHTT Global Co., LTD., to maintain Open Positions in Customer‟s Account.
      保证金维持要求是 SHTT Global Co., LTD.全权酌情决定的、                          为维持客户账户的未平仓交
易所需的最低保证金余额。

                                                15
      5.4 Required Margin for Open Positions.
          未平仓交易的必备保证金。
      Generally, Required Margin for Open Positions is a sum equal to greater of the (x) Initial
Margin Requirement; or (y) the Initial Margin Requirement plus Unrealized Losses on Open
Positions if Unrealized Losses exceed the Maintenance Margin Requirement on Open Positions.
Required Margin for Open Positions also includes any additional amount as SHTT Global Co.,
LTD., in its sole discretion, believes is prudent to require.
      一般来说,未平仓交易的必备保证金相等于以下两者中较大者:                                           (x)初始保证金要求;
或(y)初始保证金要求加上未平仓交易的未实现亏损,条件是未实现亏损超过未平仓交易
的保证金维持要求。              未平仓交易的必备保证金包括 SHTT Global Co., LTD.为谨慎起见全权酌
情要求的任何其他金额。
      5.5 Posted Margin Balance.
          到账保证金余额。
      Posted Margin Balance represents those funds held by SHTT Global Co., LTD. that is
Required Margin for Customer‟s Account. Securities Inc. may use cash and other property that
constitutes Posted Margin for any purpose.
      到账保证金余额指由 SHTT Global Co., LTD.持有、作为客户账户必备保证金的资金。
SHTT Global Co., LTD.可以为任何目的,使用构成到账保证金的现金和其他财产。
      5.6 Adjustments to Posted Margin.
          到账保证金调整。
      SHTT Global Co., LTD. will Mark to Market all Open Positions as often as SHTT Global
Co., LTD., in its sole discretion, determines, and will calculate whether Customer‟s Posted Margin
equals or exceeds the Customer‟s Required Margin. If Customer‟s Posted Margin is less than
Customer‟s Required Margin, SHTT Global Co., LTD. will initial a transfer of kinds from
Customer‟s Excess Margin Deposit.
      SHTT Global Co., LTD.将按其全权酌情决定的频率,按市值计算所有未平仓交易的价
值,   并将计算客户的到账保证金是否等于或超过客户的必备保证金。                                            如果客户的到账保证金
少于客户的必备保证金,SHTT Global Co., LTD.将从客户的超额保证金存款中划拨资金。
      5.7 Withdrawals.
          提款。
      Payments from a Customer Account require a Notice of Withdrawal signed by all required
parties, and require a minimum of three (3) Business Days from receipt of the Notice of
Withdrawal for issuance of a check or wire transfer.
      从客户账户付款的提款通知须经所有相关方签署,                                  并且在 SHTT Global Co., LTD.收到提
款通知后最少需要三(3)天,才能签发支票或电汇资金。
      5.8 Customer Funds.
          客户资金。
      Cash on deposit in such Accounts will, at all times, be subject to claims of SHTT Global Co.,
LTD. for amounts due by Customer, including Margin Calls, as described in Section 6 of the
Customer Agreement.
      SHTT Global Co., LTD.在任何时间均可要求以客户账户中的现金存款,支付客户欠付
SHTT Global Co., LTD.的款项,包括客户协议第 6 条所述的追加保证金。
      Liquidation Level. Subject to all additional rights of SHTT Global Co., LTD. under the

                                               16
Customer Agreement, in the event that, in the opinion of SHTT Global Co., LTD. and in
accordance with SHTT Global Co., LTD.‟s reasonable best estimate of then prevailing obtainable
market Spot Rates, and regardless of whether or not prior Margin Calls have been issued or met, if
the Margin Balance should at any time equal or fall below fifteen percent(15%) of the Opening
Margin Requirement for Customer‟s Account in the aggregate, SHTT Global Co., LTD. will have
the right but not the obligation to liquidate any part of or Open Positions in Customer‟s Account,
beginning with the currency pair that indicates the greatest. Loss and continuing in ascending
order by currency pair according to profit / Loss until such time as either the Margin Balance
returns to or exceeds one-hundred percent (100%) of Opening Margin Requirement for Open
Positions or all Open Positions have been closed. SHTT Global Co., LTD. has the right but not the
obligation to enforce the liquidation provision. Clients are responsible for placing their own Stop
Loss Orders to minimize losses and SHTT Global Co., LTD.‟s policy may result in liquidation
substantially below the 15% level. And failure By SHTT Global Co., LTD. To enforce its rights
hereunder shall not be deemed a future waiver of such rights by SHTT Global Co., LTD.
      清算水平。在符合 SHTT Global Co., LTD.于客户协议下所有其他权利的前提下,如果
SHTT Global Co., LTD.认为及按照 SHTT Global Co., LTD.对当时可以获得的市场即期汇率
的合理的最好估计,              且不论之前 SHTT Global Co., LTD.是否要求过追加保证金,                           或该要求是
否得到满足,         如果保证金余额于任何时间等于或低于客户账户中所有开仓保证金要求总和的
百分之十五(15%)            ,SHTT Global Co., LTD.有权但没有义务从遭受最大损失的一对货币开
始,清算客户账户中任何部分或全部未平仓交易,并按一对货币盈利/亏损的升序继续清算,
知道保证金余额恢复到或超过未平仓交易开仓保证金要求的百分之百(100%)                                                  ,或所有未平
仓交易都已被平仓。SHTT Global Co., LTD.有权但没有义务执行清算条款。客户有责任交自
己的停损/止蚀指令,以将损失降至最低,且 SHTT Global Co., LTD.的政策可能导致清算大
大低于 15%的水平。
      Margin Calls. SHTT Global Co., LTD. does not make margin calls in the ordinary course of
business. SHTT Global Co., LTD. maintains the right to liquidate Customer positions as described
above. However, SHTT Global Co., LTD. may from time to time and in its sole discretion ,call
Customer and request that Customer deposit additional Collateral to secure Customer‟s
obligations to SHTT Global Co., LTD., over and above the balance in Customer‟s Account. Any
call for additional margin without exercising the rights to liquidate Customer positions Shall not
be deemed precedent for future calls nor future waiver of such liquidation rights by SHTT Global
Co., LTD.
      追加保证金。SHTT Global Co., LTD.不会再正常业务过程中要求追加保证金。SHTT
Global Co., LTD.保留按上文所述清算客户持仓的权利。然而,除客户账户余额外,SHTT
Global Co., LTD.还可能会不时及全权酌情要求客户存入更多的抵押品,                                      以保证客户旅行其对
SHTT Global Co., LTD.承担的义务。如果 SHTT Global Co., LTD.要求追加保证金而没有行使
清算客户持仓的权利,不得被视为将来追加保证金的先例,亦不得被视为 SHTT Global Co.,
LTD.将来放弃该等清算权。




(Note: Any content is governed by the English version.)
(注:本协议的内容以英文为准。)

                                               17
Risk disclosure statement, Trading policies and procedures
风险披露陈述、交易政策及程序

The agreement is a legal contract. Please be sure to read the client agreements carefully and sign it
after.
本协议为具有法律约束力的合同。请务必在仔细阅读完客户协议之后再签名。

     The signer must be sure that he/she has received, read, understood and keep the Risk
disclosure statement, Trading policies and procedures, and agree all the rules belong to it, and
make sure do not change or modify the Risk disclosure statement, Trading policies and procedures
by any ways. Above the conformances and agreements include clearly but not limited to the Risk
disclosure statement, Trading policies and procedures.

  以下签名人确认已经收到、阅读、理解并保留本风险披露陈述和交易政策及程序,且
赞同其中包含的所有条款,并确认其并未以任何方式更改或修改本风险披露陈述和交易政策
及程序。上述确认和赞同明确包括但不限于本风险披露陈述和交易政策及程序。



Name
姓名:



Signature
签名:



Date
日期:



SHTT Global Co., LTD. Accept and agree
SHTT Global Co., LTD.接受并同意:



Signature
签名:



Date
日期:




                                                 18
                                 Account-open Application Form
                                          开户申请表
                                  Name 姓名*
                     Date of Birth 出生年月*
                                  Gender 性别
                    Home Address 家庭地址*
                        Postal Code 邮政编码
                            Country 所在国家
                               City 常住城市*
                      Home Phone 家庭电话*
                    Mobile Phone 移动电话*
                    Email Address 电子邮箱*
              Passport Number 身份证/护照*
                   Driver‟s Number 驾照号码
                     Account Type 账户类型*              □Mini 迷你账户          □Standard 标准账户
              Deposit(USD) 开户金额(美元)*
                   Name of Bank 银行名称*
                    Bank Address 银行地址*
                      Bank City 开户行城市*
                 Account Name 开户人名称*
                 Account Number 账户号码*
              ABA/Swift# 号码(ABA/SWIFT)
                          IB Number IB 编号

     If you have read and understood the contents of the client agreement, please confirm and
undertake that the contents of the account opening application form you filled out is accurate, and
then tick in the “I agree” column.
     如果您已详细阅读并理解客户协议书的内容,请确认并承诺您所填写的开户申请表中
的内容准确无误,并于“我同意”一栏划勾。
     □ Agree 我同意                                         □ Disagree 我不同意



                                                        Signature 签字:




                                                19
This contract needs subsidiary file as follows:
Personal customer: The passport or copy of ID card
Unit customer: Business license copy, unit legal person or authorizing representative‟s copy of ID

本合同需要附属文件如下:
个人客户:护照或身份证复印机、银行卡复印件
单位客户:营业执照复印件、单位法人或授权代表人身份证复印件、银行卡复印件




                                  Pastes department for the I.D.

                                        身份证明粘贴处




                          Pastes department for the bank card/bankbook

                                       银行卡/存折粘贴处




Please fill in and scan the contents of page 18、19、20send to info@SHTT8.com
请填写并扫描 18、19、20 页内容,发送至 info@SHTT8.com




                                                20

				
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