Core Viewpoint - The document outlines the management measures for foreign exchange derivative trading at Nantong Taihe Chemical Co., Ltd, aiming to standardize operations, enhance risk management, and ensure asset safety [1][2]. Group 1: General Principles - The foreign exchange derivative trading is defined as trading activities involving swap contracts, forward contracts, and non-standard options, among others [1]. - The company and its subsidiaries must adhere to the principles of legality, prudence, safety, and effectiveness in conducting foreign exchange derivative trading [2]. Group 2: Business Operations - Foreign exchange derivative trading must be based on the company's foreign currency receivables and payables forecasts, ensuring that the contract amounts do not exceed these forecasts [2][3]. - The company is required to establish trading accounts in its own name and cannot use third-party accounts for trading [3]. Group 3: Responsibilities and Approval Authority - The document specifies the responsibilities for planning, funding, operations, and daily management of foreign exchange derivative trading [4]. - The board of directors is responsible for approving significant trading activities, especially those involving substantial financial commitments [4]. Group 4: Internal Management and Procedures - The internal operating procedures for foreign exchange derivative trading include analysis of future foreign exchange trends and obtaining necessary approvals before implementation [5][6]. - All personnel involved in trading must comply with confidentiality protocols to protect sensitive information related to trading activities [5]. Group 5: Risk Reporting and Management - The finance center must analyze and report any significant fluctuations in exchange or interest rates to the management for timely decision-making [6]. - In case of major anomalies in trading activities, the finance center is responsible for submitting analysis reports and proposed solutions to mitigate risks [6]. Group 6: Information Disclosure and Record Keeping - All foreign exchange derivative trading activities must be disclosed in accordance with legal and regulatory requirements, detailing the purpose, instruments, and expected financial implications [7][8]. - The finance center is tasked with maintaining all relevant documentation related to foreign exchange derivative trading, ensuring proper record-keeping [8].
泰禾股份: 外汇衍生品业务管理办法（2025年8月）