Introduction
RMB bonds agency spot trading is the transaction that transfers the ownership of the bond as an agent of the customer at agreed price. Bonds involved refer to T-bonds uniformly entrusted by China Government Securities Depository Trust & Clearing Co., Ltd. and traded in the national inter-bank bond market, financial bonds, central bank bills and commercial bank subordinated bonds, corporation short-term financing bills and other varieties.
Features
1. Increase investment channels of customer assets;
2. Increase customers' investment returns.
Target Customers
Enterprises, institutional units and financial institutions with independent legal person qualification, including bond settlement agent C households of Bank of China and other inter-bank bond market members and Class-C custoers of other banks.
1. Deposit-taking institutions: rural credit cooperatives, commercial banks all over the country, local branches of national commercial banks, and foreign banks;
2. Cross-market institutions: funds companies, insurance companies, finance companies, trust companies, and securities companies;
3. C households of financial institutions and non-financial institutions of Bank of China;
4. C households of other banks: including C households of financial institutions and non-financial institutions.
Process
1. Opening an account. Customers submit the account opening information to China Government Securities Depository Trust & Clearing Co., Ltd. according to the requirements of Regulation for Account Opening and Closing of Bond Custodian Account and open bond custodian account by real-name system.
2. Enquiry. When customers ask for transactions, trading center will provide the market price of corresponding bonds according to customer demands.
3. Trading. Customers acknowledge that the bonds amount is right and then send transaction orders.
4. Settlement. Complete fund settlement and bond delivery according to trading bill or transaction contract.
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