Financing transaction
Financing transaction refers to the trading behavior that investors apply to securities companies for the integration of funds and buy the underlying securities with the funds and securities in their credit accounts as guarantees, and the securities companies advance funds for investors to complete securities transactions when handling the settlement between investors and securities registration and settlement institutions.
Securities lending transaction
Securities lending refers to the trading behavior that an investor applies to a securities company to include the underlying securities and sells them with the funds and securities in his credit account as collateral. When handling the settlement between investors and securities registration and settlement institutions, securities companies advance securities for investors and complete securities transactions.
Special fund account for financing
The special fund account for financing refers to the securities company's margin financing and securities lending business, which is opened in a commercial bank in its own name to store the funds that the securities company intends to lend to customers and the funds returned by customers.
Special securities account for securities lending
The special securities account for margin financing and securities lending refers to the securities company's margin financing and securities lending business, which is opened in its own name in the securities registration and settlement institution to record the securities that the securities company intends to lend to customers and the securities returned by customers. The account shall not be used for securities trading.
Customer credit transaction margin account
The customer credit transaction guarantee fund account refers to the funds opened by a securities company in its own name in a commercial bank to deposit the creditor's rights deposited by customers and guaranteed by the securities company for financing and securities lending to customers.
Customer credit fund account
Customer's credit fund account refers to the real-name registration system credit fund account opened by the securities company for customers after signing the margin financing and securities lending contract with customers. It is a secondary account of the customer credit transaction margin account of a securities company, which is used to record the detailed data of the margin deposited by the customer. Customers can only open one credit fund account.
Customer credit transaction secured securities account
The customer credit transaction guarantee securities account refers to the securities opened by the securities company in its own name in the securities registration and settlement institution, which is used to record the securities held by the securities company entrusted by the customer, and the creditor's rights generated by the guarantee securities company's margin financing and securities lending to the customer.
Customer credit securities account
Customer credit securities account refers to the real-name registration system securities account opened by a securities company after signing a margin trading contract with the customer according to the customer's application and the provisions of the securities registration and settlement institution. It is the secondary account of the customer's credit transaction guarantee securities account of a securities company, and is used to record the detailed data of the guarantee securities entrusted by the customer to the securities company. A customer can only have one credit securities account for trading securities listed on the stock exchange. The name of the account holder of a customer's credit securities account and its ordinary securities account shall be the same.
Credit transaction fund settlement account
The fund settlement account of credit transaction refers to the fund settlement account of customer margin trading opened by a securities company in its own name at a securities registration and settlement institution.
Securities settlement account for credit transactions
The securities settlement account for credit transactions refers to the securities settlement account for customer margin trading opened by a securities company in its own name at a securities registration and settlement institution.
cash deposit
A securities company shall collect a certain percentage of margin from customers for margin financing and securities lending, and the margin can be offset by cash, underlying securities and other securities recognized by the exchange.
Margin ratio Margin ratio refers to the ratio between the margin paid by investors and the amount of margin trading, which is specifically divided into margin financing ratio and margin trading ratio.
Financing margin ratio
Margin ratio refers to the ratio of margin paid by investors when they buy securities in financing to the amount of financing transactions. Calculation formula: Margin ratio = margin/(number of securities purchased by financing× purchase price )×100%.
Margin ratio
Margin ratio refers to the ratio of the margin paid by investors when selling securities to the trading volume of securities. Calculation formula: margin ratio = margin/(number of securities sold by margin × selling price) × 100%.
Available margin balance
Available margin balance refers to the total margin formed by the conversion of cash, market value of securities and floating surplus generated by margin financing and securities lending, minus the margin balance used by investors in open margin financing and securities lending transactions and related interest and expenses. Calculation formula: Available balance of margin = cash+∑ (market value of securities covering margin × discount rate)+∑ [(market value of securities bought by financing-amount of securities bought by financing )× discount rate]+∑ [(amount of securities sold by financing )× discount rate]-∑ Selling amount of securities bought by financing × margin ratio. Discount rate refers to the discount rate corresponding to securities bought by financing and sold by short selling. When the market value of securities bought by financing is lower than the amount bought by financing or the market value of securities sold by short selling is higher than the amount sold by short selling, the discount rate is calculated as 100%. )
The underlying securities The underlying securities refer to the securities that are traded and approved by the stock exchange and can be used for financing buying or short selling.
hostage
Collateral refers to the fact that a securities company deposits all the securities bought by customers through financing and all the proceeds from short selling into customers' credit transaction guarantee securities accounts and customers' credit transaction guarantee fund accounts, respectively, as collateral for creditor's rights arising from customers' short selling.
Maintain the guarantee ratio
Maintaining the guarantee ratio refers to the ratio between the customer's collateral value and its margin financing and securities lending debt. Calculation formula: maintenance guarantee ratio = (cash+total market value of securities in credit securities account)/(financing purchase amount+securities sold by short selling × current market price+total interest and expenses) × 100%.
Margin account opening process: I need to bring my ID card, shareholder card, bank card and personal credit certificate to the sales department of the securities company. Because the credit procedures vary from place to place, I suggest you consult your account manager, and it will be more convenient for him to assist in handling them.
The above content is "What is margin financing and securities lending account opening, and what is the process?" I hope our answer will satisfy you!
If you have any questions you don't understand or need to consult, please contact us directly:
Online consultation website/national unified service hotline 400 1-5 18-369
Customer service: Zhu Xiao 139 16395236.
Guotai Junan Securities-Baidu knows that the enterprise platform is willing to serve you!