P2P Merchant Security Deposit Asset Handling Regulations
*This regulation applies to all certified Makers from Hong Kong and Taiwan regions.
This clause is a supplementary provision regarding the disposal of margin assets within the Maker Management Regulations:
- Margin Asset Details:
To ensure transaction security and smooth operation, if Makers encounter any of the following situations after passing the platform's KYC and risk control review, this platform reserves the right to deduct their margin assets.
1.1 Circumstances for Margin Asset Deduction:
1.1.1 Should Makers on this platform encounter any of the following situations, we reserve the right to deduct part or all of your margin assets, or take other appropriate measures:
(1) A dispute arises during the transaction process, and the Maker is determined by the platform to be at fault and should bear responsibility and fulfill corresponding obligations, but the Maker fails to cooperate after notification or fails to fulfill corresponding responsibilities within a reasonable period, resulting in losses to other users;
(2) The Maker uses this platform to engage in any high-risk trading activities or violates the regulations of this platform;
(3) The Maker engages in acts that harm the interests of this platform, such as unauthorized use of the OKX brand for external recruitment of students, collecting intermediary fees, false advertising, or maliciously misleading associations, causing damage to the platform's brand reputation;
(4) The Maker rents or borrows others' bank cards or trading accounts, or engages in high-risk activities, resulting in losses to this platform, relevant users, or third parties;
(5) The Maker has abnormal, disputed orders pending resolution, and after platform review, if the Maker should bear corresponding responsibility, but due to reasons not attributable to this platform's will, the Maker cannot be effectively contacted within a reasonable period;
(6) The Maker violates any announced regulations or trading rules on this platform, resulting in losses to the platform or any third party;
(7) The Maker's receiving and payment accounts are on hold due to their own reasons, and the Maker fails to report this to the platform in a timely manner as required;
(8) Other situations where, due to the Maker's fault, the platform reasonably determines that margin assets need to be deducted.
1.1.2 After this platform fully or partially deducts the Maker's margin assets in accordance with the Maker Management Regulations, the Maker shall fully replenish the margin assets within the scope of the deducted amount.1.2 The specific deduction amount of the guarantee assets will be determined based on the actual consequences and the amount of compensation incurred, following the platform's risk control assessment:
1.2.1 If the platform verifies the existence of any of the following special circumstances, we shall have the right to directly deduct your full guarantee assets:
(1) The platform has reasonable evidence to prove that the Maker directly participated in or assisted in illegal or criminal activities;
(2) When conducting cross-platform transactions on other platforms, the Maker was verified to be associated with relevant high-risk transaction incidents;
(3) After verification, the Maker channeled illicit funds or other illegal assets into this platform;
(4) The Maker's payment caused the user's recipient account to be on hold, and during the verification process, there was deceptive conduct involving the provision of false evidentiary materials;
(5) The Maker's payment caused the user's recipient account to be on hold, and the Maker refused to cooperate with the handling;
(6) The Maker's payment and receipt accounts were on hold multiple times but none were reported to the platform as required; or the freezing of the Maker's payment and receipt accounts caused severe losses to other users of the platform.