What do you mean by corporate bonds? How to buy issued corporate bonds?

Corporate bonds refer to securities issued by the company in accordance with legal procedures and agreed to repay the principal and interest within a certain period of time. Corporate bonds are the manifestations of corporate bonds. Based on the issuance of corporate bonds, a legal relationship of creditor's rights and debts is formed between bondholders and issuers with the content of repaying principal and interest. Therefore, corporate bonds are debt certificates issued by companies to bondholders. \ x0d \ x0d \ Corporate bonds, as a kind of "securities", are not ordinary commodities or commodities, but "legal documents to prove economic rights and interests". "Securities" is the general name of all kinds of creditor's rights and property ownership certificates that can obtain certain income, and it is a certificate used to prove that the holder of securities owns and obtains the corresponding rights and interests. \ x0d \ x0d \ Secondly, corporate bonds are "marketable securities", which embody and represent certain economic value and have wide social acceptability, and can generally be transferred and circulated as financial instruments. Therefore, in this sense, "marketable securities" is a kind of ownership certificate, which must generally indicate the face value to prove that the holder has the right to obtain certain income on schedule and can be freely transferred and traded. It has no value in itself, but it represents a certain property right. The holder can directly obtain a certain amount of goods, currency, interest, dividends and other income. Because this kind of securities can be traded and circulated in the securities market, it objectively has a transaction price. \x0d\x0d\ Buying corporate bonds is divided into five steps: \ x0d \ floor trading is also called exchange trading, and the exchange is the core of the market. Within the stock exchange, its trading procedures must be stipulated by the stock exchange legislation, and its specific steps are clear and strict. There are five steps in the bond trading procedure: account opening, entrustment, trading, clearing and delivery, and transfer. \x0d\ 1, account opening \x0d\ Bond investors must first choose a reliable securities company and go through the account opening procedures in this company. \x0d\ 1. 1 An account opening contract shall include the following items: \x0d\ The real name, address, age, occupation and ID number of the customer; \x0d\ The rights and obligations between the customer and the securities company, and the business rules and relevant regulations of the stock exchange and the rules of the brokerage association are recognized as an effective part of the account opening contract; Establish the validity period of the account opening contract, and the conditions and procedures for extending the contract period. \x0d\ 1.2 Opening an account \x0d\ After signing an account opening contract with a securities company, investors can open an account to prepare for their own bond trading. The accounts allowed to be opened in China and Shanghai Stock Exchange include cash accounts and securities accounts. The cash account can only be used to buy bonds and pay the purchase price through this account, and the securities account can only be used to deliver bonds. Because investors want to buy and sell bonds, they usually open cash accounts and securities accounts at the same time. According to the regulations of Shanghai Stock Exchange, the funds in the cash account opened by investors must be deposited in the securities company or the bank designated by the securities company, and the interest income will be automatically transferred to the account; Securities accounts opened by investors shall be kept by securities companies free of charge. \x0d\ 2。 After opening an account in a securities company, the entrusted investor must also handle the entrusted relationship with the securities company before it can really go public. This is a necessary procedure for \x0d\ trading. \x0d\ 2. 1 Establishment of entrustment relationship \x0d\ The core procedure of establishing entrustment relationship between investors and securities companies is that investors send "entrustment" to securities companies. After receiving the entrustment, the securities company will timely transmit it to the exchange according to the entrustment instructions of investors. \x0d\ 2.2 Classification of entrustment methods \x0d\ Buying entrustment and selling entrustment \x0d\ Today entrustment \x0d\ Cancellation entrustment \x0d\ Integer entrustment \x0d\ 3. Closing \x0d\ After the securities company accepts the valid entrustment from investors, it will directly transmit it to the exchange host via satellite for matchmaking. \x0d\ 3. 1 bond trading principle \x0d\ In a stock exchange, bond trading is to make buyers and sellers agree on price and quantity. This procedure must follow a special principle, also known as the bidding principle. The main content of this bidding rule is "three firsts", that is, price priority, time priority and customer entrustment priority. Price priority means that securities companies buy and sell bonds at the price that is most beneficial to the interests of investment customers; Time priority means that when declaring the same price, it should be concluded with the party who first proposed the price; The priority of client entrustment mainly requires securities companies to conduct trading agent between proprietary trading and trading agent. \x0d\ 3.2 Bidding Method \x0d\ Trading prices of stock exchanges are conducted by bidding method. The bidding method is that the computer terminal declares the bidding. \x0d\ 4。 Clearing and delivery \x0d\ After a bond transaction is completed, it is necessary to deliver the bond, which is the clearing and delivery of the bond. \x0d\ 4. 1 bond settlement \x0d\ bond settlement means that the sales of the same kind of bonds cancel each other on the same delivery date, the number of bonds to be delivered and the price to be delivered are determined, and then the bonds and the price are delivered according to the principle of "net delivery". \x0d\ 4.2 Delivery of bonds \x0d\ Delivery of bonds means that the bonds are handed over by the seller to the buyer, and the price is handed over by the buyer to the seller. \x0d\ Bonds traded in stock exchanges can be divided into three types according to different delivery dates: same-day delivery, ordinary-day delivery and scheduled-day delivery. At present, the Shenzhen Stock Exchange stipulates the same-day delivery. Same-day delivery refers to the handling of securities delivery procedures on the trading day. \x0d\ 5。 Transfer of ownership \x0d\ After the bonds are sold and the delivery procedures are completed, the last procedure is to complete the transfer of bonds. Transfer refers to the transfer of ownership of bonds from one owner to another. The basic procedures include: \x0d\ 5. 1 After clearing and delivery, the bond seller will increase the amount equal to the transaction price in his cash account and deduct the bonds with the same amount from the securities account. \x0d\ 5.2 After clearing and delivery, the bond buyer will lower the price in his cash account and increase the bond amount in his securities account. \x0d\