SDE Notice

The Revised Rules of Annual Fee Payment

2014/1/1

In order to simplify and clarify the procedure of annual fee payment for SDE’s members, Shanghai Diamond Exchange revises the rules of payment according to the regulation of relevant constitution of the Exchange.  
 
1. Since January.1 2014, the Annual fee will be calculated on a whole regular year basis (From Jan.1st.-Dec.31th). 

2. All the members shall make payment of their annual fee from the 1st of January till the 31st of January. SDE is to send payment notice in written form to all the members in December of the previous year. The exchange rate of annual fee will be calculated in terms of the average of the middle prices of the beginning of the last two months. 

3. New members shall make the payment of their first annual fee at the same time as they pay entrance fee. The amount of their first annual fee will be calculated based on the number of months from the approval date of their membership to the end of that year. The approval date is subject to the date on the official notice issued by SDE Membership Department.

4. In case any SDE member plans to transfer its membership to other companies, it shall pay off the entire annual fee owed before conducting the transfer formalities. The transferee shall start to pay annual fee from January of the second year.  

5. In case any SDE member plans to change the name of its company, it shall pay off the entire annual fee owed before changing the company name. The renamed company starts to pay annual fee from the January of the second year.  

6. When a member with registered address outside China makes the payment of annual fee by remittance in dollar, it shall make sure the name of payer must be exactly same as that of this membership company. If the above member plans to make the payment in RMB inside China, it shall mark the name of its membership company in the remark column.  

7. Members can print out the invoice of their annual fee by taking receipt of payment to the financial department of SDE in a week after making the payment.  

8. Members that fail to pay their annual fee in time will be banned from making transaction in SDE and be subject to further punishment such as deprivation of their membership depending on the overdue period according to the regulation of SDE.    

9. The revised rule of annual fee payment rules shall come to effect as of 1st January, 2014.  

Shanghai Diamond Exchange
6th November 2013

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