1, different interests

Depositors of time deposits can apply for partial early withdrawal as needed, and the verification procedures remain unchanged. The interest rate of early withdrawal shall be settled according to the interest rate of current savings deposit announced on the withdrawal date, and the retained part shall be settled at the time of withdrawal according to the original deposit date and the original interest rate.

However, the interest will be calculated and paid according to the deposit interest rate on the day when the certificate of deposit is opened, and the interest will be paid according to the deposit interest rate on the day of withdrawal when the deposit is withdrawn in advance, and the interest will be paid according to the deposit interest rate on the day of withdrawal when the deposit is overdue. I can apply for a small pledge loan with my time deposit certificate.

2. Different in nature

The fund transaction in the stock exchange adopts the way of bidding, so the transaction price is affected by the relationship between market supply and demand and does not necessarily reflect the net asset value of the fund, that is, the transaction price of closed-end funds has a premium and discount phenomenon relative to its net asset value.

The practice of time deposit shows that the transaction price of time deposit often has the price fluctuation law of premium first and then discount. Judging from the operation of closed-end funds in China, no matter how the fundamental situation changes, the transaction price trend of closed-end funds in China has never deviated from the price fluctuation law of first premium and then discount.

3. Warrants are different from stock options.

When the exercise price of time deposit is lower than the average market price of common stock in the current period, its dilution should be considered. Calculate the basic earnings per share, and the amount of net profit as a molecule remains unchanged;

The adjustment item of the denominator of the Fund is the increased number of ordinary shares calculated according to the formula specified in Article 10 of these Standards, and the time weight should also be considered. If warrants or stock options are issued in the current period, the average market price of common shares shall be calculated from the issue date of warrants or stock options.

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