When investors complete financing or securities lending and return the funds to the securities broker, they need to transfer the collateral back to the general account. Generally speaking, whether funds are transferred from a credit account to a general account or from a general account to a credit account, it will take effect at T+ 1.
Therefore, after the mortgage is transferred on the same day, it will not be seen until the next trading day.
The requirements for the transfer of stock collateral are as follows:
1, first of all, the customers of margin financing and securities lending.
2. Then, check whether the subject matter to be transferred is collateral. Ordinary stocks, funds and bonds are collateral, while a few ST stocks, graded funds and low-grade bonds are not collateral.
3. Finally, transfer when trading stocks.
Provisions on stock guarantee:
1. In order to ensure the performance of the creditor-debtor relationship, the debtor or a third party may provide certain property as a guarantee. The guarantee methods include mortgage, pledge and lien.
2. In real life, pledge guarantee is a common legal relationship. However, due to the complex legal relationship involved in pledge, some disputes often arise. The Property Law has made detailed provisions on pledge.
Collateral transfer operation flow
1. If it is necessary to transfer shares between ordinary account and credit account, it can be done through the corresponding section of trading software.
2. If it is necessary to transfer cash, the funds in the credit account and the general account cannot be directly transferred to each other, but can only be transferred in and out through the corresponding three-party depository bank.
Matters needing attention in stock trading collateral
1. The securities transferred to the credit account must be included in the list of securities that can be used as margin.
2. Implement the effective system of T+ 1, that is, the collateral transferred from T+ 1 day (from credit account to ordinary account and from ordinary account to credit account) can be used in the account.
3. Stocks bought on the same day can be transferred as securities on the next trading day; Bonds bought on the same day can also be transferred as securities on the same day.
4. Collateral, margin financing and securities lending, coupon repayment and coupon repayment transactions related to transaction operation and liquidation:-15: 00 (including holidays) after liquidation.
You can buy stocks a few days after the mortgage is transferred.
According to the trading rules of the two financing accounts, the pledged goods can be financed to buy shares on the second trading day after the successful transfer.
Can the suspended stocks be used to transfer collateral?
As long as a securities company does not delete its shares from its collateral list, it can transfer them. However, if it is to be transferred as soon as possible, because brokers may remove the stocks that have been suspended for a long time from the collateral list at any time.