When the available margin for margin trading becomes negative, it will only affect your permission to open new positions, that is, you cannot borrow new liabilities and stocks, and you can only maintain the guarantee ratio reduced to a certain ratio, such as 130%. , you need to add margin or other collateral.

The available funds are negative, and it also depends on how much your margin has been lost. The bank will notify you to increase the margin. If not, it will be flat for you on the next trading day.

Let me give you an example and you will understand. After Xiao Ming opened the margin trading business, he transferred 100,000 in cash as a deposit. Then he first used financing to buy stock A with a market value of 100,000. At this time, according to the For stock A financing, the margin ratio is 100%. The available margin balance will be deducted by 100,000 yuan. After the deduction, the available margin balance will be 0 yuan.

Xiao Ming then used the transferred cash of 100,000 to continue to buy stock A with a market value of 100,000. Because the stock needs to be converted as a margin, according to the conversion rate of 70%, stock A with a market value of 100,000 is only It can be counted as a margin of 70,000. At this time, the margin balance of 70,000 is deducted from the 100,000 margin required for the first step of financing purchase, and the available margin becomes "-30,000", but the maintenance guarantee ratio at this time is: 20 Ten thousand market capitalization stocks A/100 thousand financing liabilities = 200%, which is much higher than the 130% insurance call or liquidation line.

1. How to repay a securities lending contract

Settling a securities lending contract includes the number of securities and securities lending fees. After buying and repaying the bonds, the remaining funds will be left in the account to be cleared in the evening and interest will be deducted. The contract status will change from "Unpaid" to "Repaid". Note that if there is equity in the securities lending securities, the corresponding equity (shares and funds) must be compensated before the contract is settled. When repaying a securities lending contract, you need to pay attention to the "amount of outstanding securities lending", "total of other securities lending fees", "amount of equity compensation payable", "amount of equity compensation in transit", "amount of equity compensation payable" and "amount of equity compensation in transit" in the query of the securities lending contract. .

2. What should I do if the security type to which the expired contract belongs has been suspended?

According to the contract, should the suspended contract be extended for 30 days and resume trading within 30 days? It must be repaid (no agreement required) If trading is still suspended after the automatic extension exceeds 30 days, you can sign a "Supplementary Agreement for Contract Expiration", which can be signed once a month. Each extension can only be extended for a maximum of 30 natural days, and it must be returned once trading resumes. (Why must it be repaid as soon as trading resumes? Please refer to Article 35 on page 18 of the contract) Party A at the beginning of the "Supplementary Agreement on Contract Expiration" fills in the customer's name and attaches the customer code, and Party B at the bottom on the right The contract seal of the sales department is stamped, and the scanned copy is approved.

3. How to query the "outstanding" margin financing and securities lending contract of the business department

Query - Company query - 9 Margin financing and securities lending information - B Financing contract query/C Securities lending contract query here When the contract expires, the contract status is "outstanding" (including financing contracts and securities lending contracts). If the contract expires on that day and is not settled, liquidation will be triggered. Note: The sign of contract settlement is based on the "contract status" of the contract query. The contract status changes from "outstanding" to "repaid" before the contract is concluded.

4. The order of selling bonds and repaying the contract

There is a contract expiry on the day of sale: overdue interest, interest-principal-others on the expired contract. No contract expires on the day of sale: overdue interest on the entire account - interest on the contract itself of the bond sold - principal of the contract itself on the bond sold - others.