2. Securities settlement account for credit transactions: an account opened by a securities company in a settlement company for handling securities settlement related to margin trading and securities lending.
3. Credit transaction fund settlement account: an account opened by a securities company with a settlement company to handle fund settlement related to margin trading.
4. Special fund account for financing: an account opened by a securities company in a bank for storing its own funds to be financed by the securities company and the funds returned by customers. Customer financing purchase is to use the funds in this account. Customer credit transaction margin account: a fund account opened by a securities company in a bank to deposit the funds of all margin customers.
5. Customer credit transaction guarantee fund account: used to deposit the funds deposited by customers and guarantee the creditor's rights arising from the margin financing and securities lending account of securities companies.
6. Customer credit securities account: an account opened by a securities company for customers in accordance with the relevant provisions of the securities registration and clearing company, which is used to record the detailed data of the guaranteed securities held by the securities company entrusted by the customer. This account is a secondary securities account of the securities company's customer credit transaction guarantee securities account.
7. Customer's credit fund account: a fund account opened by a customer in a securities company to record the changes of credit securities trading funds. The customer's credit fund subsidiary ledger corresponds to the credit fund account opened in the depository bank.
8. Customer's credit fund account: The real-name registration system fund account opened by the securities company in the depository bank for customers in accordance with the relevant provisions of the third-party depository business is used as the secondary account of the "Customer Credit Transaction Guarantee Fund Account" opened by the securities company to record the detailed data of the guarantee funds deposited by customers.
Extended data:
Second, the customer selection criteria
1, account opening company
(1) Domestic individuals and institutional investors;
(2) National laws and regulations allow participants to participate in margin trading;
2. Customer selection criteria
Conditions for a customer to apply for opening a credit securities account:
(1) Engaged in securities trading for more than half a year;
(2) The average daily securities assets in the last 20 trading days are not less than 500,000 yuan;
(3) Specific risk tolerance;
(4) No record of major breach of contract;
(5) Other conditions stipulated by the company.
Institutional investors can participate in margin financing and securities lending, and are not limited by the trading time and asset conditions of securities. Professional institutional investors refer to financial institutions established with the approval of the national financial regulatory authorities, including commercial banks, securities companies, fund management companies, futures companies, trust companies and insurance companies. Financial products managed by the above financial institutions.
Before financing or short-selling securities from customers, securities companies should inquire about customers' credit standing, and learn about customers' identity, property and income, securities investment experience and risk preference, integrity and compliance records, etc. , do a good job in customer suitability management, and record and save it in written or electronic form.
A securities company shall, according to the requirements of the appropriateness system, formulate specific criteria for selecting qualified customers.
References:
Baidu encyclopedia-margin trading