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If the independent exterior price cannot be acquired, price may be calculated by estimation and model, but the model's suitability shall be evaluated first through an independent checking procedure; securities firms shall consider setting another limits for these transactions.
Considering the complexity of dealings of derivatives, high multiple of financial leverage, different dealing periods, multiple counter-parties and variety of risk mitigation and reducing, securities firms shall take caution of the feasibility of executing contracts and counter-parties' ability of fulfillment contracts, and shall design a set of complete checking procedure for complete and legitimacy of contracts on derivatives.
Review safety system/construction program (scheme) prepared by the Contractor and its sub-contractors, including the safety regulations, safety operation policies, safety responsibility assignment, safety checking procedure, safety training procedure, inspection to the safety mechanism and devices, reward and punishment system.
qUALITY:We are scrupulous about every detall, professional QC and strict checking procedure ensure our work and guarantee each piece of product which is in it's best presentation
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