Anhui Merchants Bank Co., Ltd. [2022] No. [1] 22 Anhui North Coal CP001 Credit Risk Mitigation Certificate Creation Instructions
Huishang Bank Co., Ltd. issued these creation instructions for its 2022 Issue 1 credit risk mitigation certificate linked to Anhui Wanbei Coal and Electricity Group's 2022 first issue short-term financing bill (22 Wanbei Coal CP001). The document sets out the certificate's creation terms, risk warnings, information disclosure, settlement, and holder meeting arrangements.
It also describes the issuer's business, governance, risk management, and financial condition, along with the reference entity and underlying debt, credit event definitions, and backup documents. This manual is written in Chinese.
| Nominal principal amount | Not exceeding RMB 320 million |
|---|---|
| Credit protection fee rate range | 2.5% to 2.8% annualized |
| Credit protection start date | January 27, 2022 |
| Agreed maturity date | January 27, 2023 |
| Underlying debt | Anhui Wanbei Coal and Electricity Group 2022 first issue short-term financing bill (22 Wanbei Coal CP001) |
| Credit events | Bankruptcy; payment default with a 3-business-day grace period and RMB 1 million threshold |
| Settlement method | Physical settlement |
| Reference ratio | 100% |
| Payment method | Upfront single payment |
Not exceeding RMB 320 million.
Bankruptcy, or payment default with a 3-business-day grace period and an RMB 1 million threshold.
It is paid upfront in a single payment.
Physical settlement.