2. Convertible bonds are traded in T+0 mode, that is, they can be sold on the day of purchase.
3. In the process of convertible bonds trading, transfer fees and stamp duty are not required, but commission is required. The commission rates of different securities companies are different, and the bond rates in Shenzhen and Shanghai markets are also different.
4. When the intraday price of convertible bonds reaches or exceeds 20% for the first time, the transaction will be suspended for 30 minutes; When the increase or decrease reaches or exceeds 30%, the transaction is suspended to14: 57; If the suspension time exceeds 14:57, the transaction will be resumed on the same day 14:57, and the transaction will be resumed by call auction method and the transaction will be completed by call auction method.
5. New investors need to meet the entry conditions of "2 years of trading experience+65.4388 million yuan of assets" before they can participate in convertible bond trading; On the last trading day, the "Z" symbol will be added before the securities abbreviation of convertible bonds.
6. The convertible bond transaction follows the principle of time priority and price priority, that is, the higher buying price takes precedence over the lower buying price, and the lower selling price takes precedence over the higher selling price; When the same price is declared, the first to declare is preferred.
Is convertible bond a t+0 operation?
In most cases, convertible bonds can be traded at T+0, investors can buy or sell convertible bonds on the same day, and the time required for capital flow is T day.
At present, convertible bonds have been listed on the Shanghai and Shenzhen stock exchanges. Therefore, if investors hold convertible bonds in securities accounts, they can sell them within the same day. If investors have the financing services of securities firms, they can also complete the transaction of convertible bonds on the same day. Of course, the specific operation still needs to be carried out in accordance with the business rules of brokers.
Although the current rules allow convertible bonds T+0 trading, it should be noted that due to the poor liquidity of convertible bonds, there are problems such as insufficient trading space and poor trading volume. Therefore, not every convertible bond can be completed on T day as expected. In addition, we should also pay attention to the rules formulated by various brokers. For example, during the underwriting period of convertible bonds, some brokers may not open T-day trading or charge higher handling fees.