First, the account opening process
1. Select the trading platform. Most national debt reverse repurchase trading platforms need to register and open an account, and transfer part of the funds in your bank account to the platform account. Common trading platforms for reverse repurchase of government bonds include China Bond Trading System, Shanghai Stock Exchange, Shenzhen Stock Exchange and China Financial Futures Exchange.
2. Submit account opening information. The account opening process generally includes filling in the application online, printing, signing relevant agreements, providing necessary documents such as identification, and mailing or sending it to the required platform.
3. Open a trading account. A trading account will be opened after the account opening information is submitted and approved. The trading account is mainly to ensure the safety of trading funds. You can check the reverse repurchase transaction process and transaction records at any time on this account.
4. Transfer money and start trading. After the platform opens an account, the required funds need to be transferred to the trading account. After the transfer, you can start the reverse repurchase transaction of government bonds.
Second, the conditions for opening an account
1, age limit. Generally speaking, the applicant must be at least 18 years old.
2. Identity authentication. The account holder needs to have a valid national identity card or passport and other identification documents.
3. Capital requirements. Account holders need to have certain transaction funds, generally more than 654.38+10,000 yuan.
Third, the account opening process
1, data preparation. Submit relevant identification, bank card copy, contact information and other basic information, and at the same time, you need to determine your risk preference through risk tolerance assessment, and tailor the reverse repurchase program for you.
2. Apply online. Register an account on the website of China Bond Trading System, log in, fill in relevant personal data, upload identification and other materials, and verify as required.
3. Bank card verification. Verify your bank card information and bind it for the exchange and settlement of transaction funds.
4. Sign the agreement. Read and sign relevant agreement documents, including trading rules, terms of service, etc.
5. Transfer of funds. After completing the relevant procedures, it is necessary to transfer the funds to the bank account where the account is opened, and form an available balance in the reverse repurchase account.
Fourth, the account opening fee
1, handling fee. In the reverse repurchase transaction of national debt, every transaction needs to pay the formalities fee. The amount of formalities fee is usually determined according to the transaction amount.
2. Interest expense. If you hold reverse repurchase bonds before the maturity date, you may incur interest charges. The calculation method of interest depends on the interest rates of reverse repurchase bonds and market bonds.
3. Other expenses. In addition to the formalities and interest charges, you may have to pay bank transfer fees and other fees.