Threshold for handling margin financing and securities lending accounts

① Meet the securities trading experience for half a year (counting from the first transaction recorded by Deng Zhong Company).

② The average daily account assets in the first 20 days are 500,000 (non-market value, including cash, stocks, funds, bonds, etc.). )

③ The risk assessment level is C4 and above.

④ Having full capacity for civil conduct.

Meet the above conditions, you can choose a brokerage firm to open margin financing and securities lending business. Before opening, remember to compare the rates and services that brokers can provide.

Processing flow, sorting reference:

1, traditional counter mode: it needs to be handled at the counter of the brokerage business department, which takes 1-2 hours. In case of queuing, it is estimated that the delay will be longer;

2. Internet online mode: Few Internet brokers support one-click processing without leaving home, which takes about 40 minutes, convenient, fast and efficient. (This mode is recommended first, and the processing flow is as follows)

A. Open the computer and log in to the website given by the broker, enter the fund account number and password, and click "Login".

B. Automatic verification of credit account opening conditions (including appropriateness)

C. Risk disclosure of margin trading (video playback is about 13 minutes)

D. Knowledge test of margin financing and securities lending business, 10+4, very simple. At this point, it's all done by computer, and it won't affect during work.

E. Identity confirmation: scan the code of the mobile APP-take photos on the front and back of the ID card-wait for video access (manual video recording takes about 10 minutes, and video review after video recording takes about 10 minutes).

F. After receiving the SMS notification that the video has been approved, proceed to the next step: bind the letter user to the three-party depository, and wait for a few minutes to see the letter user's fund account number+credit limit.

In fact, opening two integrations is also very simple. Meet the entry threshold and choose the handling method, which can be completed in one day.

At the same time, it is not easy to open the two financing, because the rate of margin financing and securities lending is very different from that provided by various brokers;

How to open a low-rate margin account?

First of all, you need to know what is the low standard of the industry now? What is the rate that the broker can offer?

1. Financing:

At present, the industry financing rate is around 5%, and most brokers default to 9.35%. Very few brokers support the permanent rate of 5%, and there is no requirement for the amount of funds, supporting the online business operation of the Internet.

Before handling the margin account, you need to confirm the rate and handling method. After all, the credit account of margin financing and securities lending is unique. If you want to change brokers because of interest rate and other issues after opening an account, you can only close the account first and then open an account again. This process is really delayed;

2. Securities lending:

The overall cost of securities lending is higher than financing, which is a risky business for brokers, and the securities sources of brokers with more securities sources are also limited. Most brokers default to 10.35%.

At present, few brokers support special securities lending from 2.99%, and the overall cost of securities lending is between 6%- 10%. After all, the cost is high and the sources of securities are rare, which can be divided into self-owned securities sources and external securities sources.