ZB.com will distribute Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV) to all eligible users before 19:00 on November 19, 2018 (UTC+8), in a ratio of 1 BCH = 1 BCHABC and 1 BCH = 1 BCHSV, based on the snapshot of Bitcoin Cash (BCH) balances taken at 0:40 on November 16, 2018 (UTC+8), and will open trading for BCHABC and BCHSV/BTC at 20:00 on November 19, 2018 (UTC+8). The original trading pairs for BCH will be delisted from the exchange.
Regarding the settlement of Margin Trading and Mortgage Loan of BCH, if you have an outstanding loan, you will receive your BCHABC and BACSV after the settlement. Details are as follows:
1.If you have an outstanding QC/USDT loan on BCH Margin Trading: if there are not enough funds in your BCH margin account, you will have to repay the loan by converting your BCHABC and BCHSV distribution into QC/USDT according to the spot market price of repayment time. If it is still not enough to repay your loan, ZB.com will cover this part of loss.
2.If you have an outstanding QC/USDT loan on BCH Mortgage Loan: you can transfer the repay amount of QC/USDT from your spot account to BCH mortgage account to redeem the mortgaged BCH for getting BCHABC and BCHSV. If there are not enough funds in your BCH mortgage loan account, you will have to repay the loan by converting your BCHABC and BCHSV distribution into QC/USDT according to the spot market price of repayment time. If it is still not enough to repay your loan, ZB.com will cover this part of loss.
3.If you have an outstanding BCH loan on Margin Trading: you will have to repay BCHABC and BCHSV based on the ratio 1 BCH = 1 BCHABC + 1 BCHSV. The system will priority convert the QC or USDT in your margin account to BCHABC and BCHSV according to spot market price of repayment time to repay the loan. If the account asset are not enough to repay the loan, it will deduct the distributed BCHABC and BCHSV. If it is still not enough to repay your loan, ZB.com will cover this part of loss.
4.If you have an outstanding BCH loan on Mortgage Loan: you will have to repay BCHABC and BCHSV based on the ratio 1 BCH = 1 BCHABC + 1 BCHSV. The system will priority deduct the distributed BCHABC and BCHSV to repay the loan. If it is not enough to repay the loan, you have to buy BCHABC and BCHSV from the spot market and transfer them to the mortgage loan account. If you do not transfer the repay amount of BCHABC and BCHSV to BCH mortgage loan account, it will convert the funds in your BCH mortgage loan account to BCHABC and BCHSV according to spot market price of repayment time to repay the loan. If it is still not enough to repay your loan, ZB.com will cover this part of loss.
5.If your repay the loan after the snapshot taken and before the BCHABC and BCHSV distributed, ZB.com will not distribute the BCHABC and BCHSV of your repaid amount to you, because those BCHABC and BCHSV will be distributed to the lending users.
6.The repay function of BCH margin account and BCH mortgage loan will be disabled before BCHABC and BCHSV distribution.
7.We will the settlement from November 20, 2018 (UTC+8), our support team will contact you to complete the settlement, or you can contact online customer service or sup[port@zb.cn for the settlement.
Deposits and withdrawals of BCHABC and BCHSV will open as soon as the networks stabilize.
Thanks you for your support!
ZB Global Team
November 18, 2018
