How much is the handling fee for reverse repurchase of government bonds?
The handling fee for 1 day is 0.00 1% of the transaction amount, 0.002% for the second day, 0.003% for the third day, 0.004% for the fourth day and 0.005% for the seventh day. 10% for 4 days, 0.020% for 28 days, 0.030% for 9 1 day and 0.030% for 182 days.
This handling fee is not high relative to the income. The reverse repurchase transaction is based on the market interest rate, and its interest rate (short-term) is often much higher than the bank demand interest rate, especially when the funds are tight at the end of the month, the annualized income can even be as high as 10%+.
Treasury bond reverse repurchase income = transaction amount × transaction interest rate price × interest-bearing days ÷365. The transaction interest rate here is the rate of return on the transaction. The interest-bearing days are actually occupied days, and the term of reverse repurchase of government bonds is flexible and optional. At present, there are 9 varieties: 1 day, 2 days, 3 days, 4 days, 7 days, 14 days, 28 days, 9 1 day, 182 days.
The risk of reverse repurchase of national debt is very low. Because the pledge is the bond with the highest credit rating and the best liquidity in the market, and the process is guaranteed and settled by the exchange supervision and clearing institution, there is basically no default risk that the funds cannot be returned.
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