The commission of two financial institutions is 1, and the interest rate of two financial institutions is 5.0.
The money saved by lowering the rate can buy a lot of pork.
Margin trading is a securities credit transaction, which means that investors provide collateral to securities companies qualified for margin trading, borrow funds to buy securities or borrow securities to sell them.
I. Conditions for opening an account for margin financing and securities lending mainly include the following contents:
1. Individuals and institutions that abide by national laws and administrative regulations and are allowed to engage in securities trading, and individual customers must be at least 18 years old and have full capacity for civil conduct. It is required that ordinary securities accounts should be engaged in securities trading in the company for at least 6 months, that is, it takes 6 months to open an account;
2. Having no less than 500,000 securities assets is the basic threshold. For capital verification, 500,000 yuan refers to the average daily market value of holding stocks for 20 trading days; Securities assets include transaction settlement funds, stocks, bonds and asset management plans.
3. The evaluation time is less than 2 years, and the customer risk evaluation questionnaire is required to be C4 and C5 with strong risk tolerance, and the one with the lowest risk tolerance or C 1 is not allowed to be opened;
4. Reputable individuals or institutions that are not in the "blacklist" of corporate credit business;
5. Non-shareholders and related persons of the company;
6. Comply with the company's regulations on appropriateness management, and there is no situation that is not suitable for margin financing and securities lending.
Second, the account opening process
The main steps of margin financing and securities lending account opening business include: investor qualification examination, investor education and risk disclosure, credit rating, contract signing and credit account opening (investors pay a return visit).
1. Qualification examination of investors: As margin trading has certain risks, in order to ensure that the risks of margin trading are measurable, controllable and affordable, and at the same time protect the interests of investors, brokers will generally screen investors on the principle of "recommending suitable products to suitable investors" and select target customer groups to form a pool of qualified customers. Only investors who meet certain conditions can participate in margin trading.
2. Investor education and risk disclosure: the education of margin trading and related risk disclosure for customers is the primary link of margin trading. The margin trading department and the pilot business department shall, in accordance with the requirements of the CSRC, carry out extensive, in-depth and continuous business knowledge education and risk disclosure education for margin trading customers in accordance with the provisions of the Margin Trading Investor Education System and the principle of "comprehensive education content, full explanation, effective disclosure, demonstration and operability".
3. Credit rating:
(1) Customers who need margin financing and securities lending business apply for margin financing and securities lending business with valid certificates and relevant materials, and fill in the application form for margin financing and securities lending business.
(2) Before the customer submits the application, the account opening broker will generally investigate the customer's access qualification and test the knowledge of margin financing and securities lending. At the same time, customers are required to confirm and sign their personal information on the "Customer Qualification Questionnaire for Margin Trading".
(3) After the customer submits the relevant materials, wait for the qualification review results. (about 2 trading days)
4. Sign the margin financing and securities lending contract.
(1) Full-time account managers explain business rules, business processes and contract contents to customers, and reveal the risks of margin financing and securities lending.
(2) The customer shall test the knowledge of margin trading and securities lending business, and sign the contract only after passing the test.
(3) After the investor confirms that he has completely read and understood all the clauses in the margin financing and securities lending contract, he/she needs to transcribe "I/our company has read and fully understood the above contents" in the contract signing column, and sign or seal the contract.
(4) The margin financing and securities lending department will review the contract, and if it passes the review, it will mail the customer back to the business department with the official seal, and the business department will sign the contract with the customer.
5. Open a credit account
(1) After the contract comes into effect, customers can submit relevant materials at the brokerage business outlets and apply for opening a credit fund account or a credit securities account.
(2) After receiving the relevant information of customers, the business department will review it, and after passing the review, it will open a credit fund account and a credit securities account for customers as required.
(3) After completing the above procedures, the customer has completed all the procedures for opening an account.