1. All margin trading and securities lending transactions have been settled in the credit securities account;
2. No share balance in the credit securities account;
3. The fund balance of the credit securities account is zero.
4. There is no in-transit business such as margin financing and securities lending that needs to be settled;
5. There is no other breach of contract related to transaction delivery. If you meet the requirements, please bring your original valid ID card, original credit securities account card and third-party depository bank information to the account opening business department within trading hours. Generally, the account can be successfully closed within two working days, which is subject to the business process. After a credit account is cancelled, it can be re-opened.
After a securities company cancels an investor's credit securities account, if the investor needs to re-open a credit securities account with the securities company or other securities companies, the securities registration and settlement institution will allocate a new credit securities account according to the application of the securities company. Where an investor changes the securities company entrusted with margin financing and securities lending, it shall first cancel its original credit securities account through the original securities company, and then apply to the new securities company for opening a credit securities account.
Extended data:
Credit securities, also known as unsecured securities, are symmetry of secured securities. Refers to securities issued without any guarantee.
Characteristics of credit securities: Generally speaking, government bonds and financial bonds are unsecured credit securities. Because the government controls the country's resources and taxes, all the principal and interest of public bonds payable each year are included in the national budget and paid by the state treasury revenue, and there is almost no risk of credit default. Therefore, public bonds have the highest security and do not need guarantees. Financial institutions have abundant capital and high reputation, so it is not a problem to repay the principal and interest of financial bonds, so they can also be exempted from guarantee. As far as enterprises are concerned, their economic strength and credit degree cannot be compared with those of the government and financial institutions. Only a few enterprises with outstanding reputation and good management have the ability and qualification to issue unsecured securities, and most enterprises need to provide some form of guarantee when issuing bonds. Unsecured securities issued by enterprises are more risky and have higher relative interest rates than secured securities.