Pledged bond repurchase refers to the short-term financing business in which both parties take bonds as their rights. In the pledged repo transaction, when the fund financier (the repo party) pledges the bonds to the fund lender (the reverse repo party) to integrate the funds, both parties agree that the reverse repo party will return the principal to the reverse repo party at a future date and calculate the interest at the agreed repo rate, and the reverse repo party will return the original pledged bonds to the reverse repo party.

After opening a securities account, investors can conduct the corresponding pledged bond repurchase transactions. Ordinary customers are limited to selling securities lending transactions and lending funds, that is, "borrowing securities with capital", and choose the direction of "selling" when operating; Only institutional investors can do "bond financing"

There are 1 day, 2 days, 3 days, 4 days, 7 days, 14 days, 28 days, 9 1 day, 182 days, and the code is: 20400 1, 24002, 22. The varieties of Shenzhen Stock Exchange are the same as those of Shanghai Stock Exchange, and the codes are in turn.

for

: 13 18 10、 13 18 1 1、 13 1800、 13 1809、 13 180 1、 / kloc-0/3 1802、 13 1803、 13 1805、 13 1806。

The settlement rules of pledged treasury bonds repurchase transactions are: securities lending transactions are carried out on T day and will be received on the due trading day. Funds can be used to buy and sell stocks on the same day, but they cannot be transferred from the securities account on the same day, and can be transferred to the bank account on the next trading day. The declared number of repurchase transactions must be an integer multiple of 100 lots (65,438+million funds), and the repurchase price is the annualized rate of return per 100 yuan of funds due. The number of days for calculating interest in repurchase transactions is fixed and is not affected by holidays, but the interest rate changes with market changes. For example, if the term is 1 day, then the funds will arrive on the next trading day, whether it is acceptable or not. Suppose you do 1 day on Friday, then the funds will arrive on Monday. Is it acceptable? Revenue = total funds × annualized rate of return when selling on Friday /360. If it is 7 days and the long holiday is longer than 7 days, it will be postponed to the first trading day after the holiday. Can you accept it or not? Revenue = total funds × annualized rate of return at the time of sale /360×7 days. The repurchase transaction cannot be terminated in advance. No matter which period is due, the customer doesn't need to do anything when it expires, and the funds will automatically arrive.

Pledged national debt repurchase transactions are mainly applicable to weekends or long holidays when the account funds are not used for other purposes. Investors can use the funds in the securities account to conduct pledged repo transactions and obtain certain income. In short, understanding and making good use of pledged government bond repurchase transactions can revitalize short-term funds and increase income. It is a very good cash management tool.