You can buy and sell bonds. Bond trading is a kind of trading method that can be purchased through bank counters or through on-site exchanges like stocks.

national debt is a bond issued by the state, a government bond issued by the central government to raise financial funds, and a creditor's right and debt certificate issued by the central government to investors, which promises to pay interest and repay the principal at a certain period of time. As the issuer of national debt is the state, it has the highest credit and is recognized as the safest investment tool.

bonds are securities issued by debtors, such as governments, enterprises and banks, in order to raise funds, and promise creditors to repay the principal and interest on a specified date.

bonds/debt is a kind of financial contract, which is a debt certificate issued to investors when the government, financial institutions, industrial and commercial enterprises directly borrow money from the society, and at the same time promises to pay interest at a certain interest rate and repay the principal according to the agreed conditions. The essence of bond is the certificate of debt, which has legal effect.

There is a creditor-debtor relationship between bond buyers or investors and issuers, where the issuer is the debtor and the investor (bond buyer) is the creditor.

a bond is a valuable security. Because the interest of bonds is usually determined in advance, bonds are a kind of fixed-interest securities (fixed-interest securities). In countries and regions with developed financial markets, bonds can be listed and circulated. In China, the typical government bonds are Treasury bills.

Extended information

Purchase process

Specific process, taking China Merchants Bank as an example:?

(1) how to open a treasury bond account?

Opening a treasury bond account means that the Bank opens a book-entry treasury bond custody account (hereinafter referred to as "book-entry treasury bond account") for customers on behalf of the Ministry of Finance, and at the same time, it opens our book-entry treasury bond counter trading business for customers.

the customer can open a treasury bond account by presenting his/her valid identity certificate, one-card or passbook, and correctly filling out the relevant business application form at the counter of our branch. Customers can also complete the operation of opening a national debt account by themselves through our online banking and telephone banking according to the prompt information. ?

when a customer applies for a book-entry treasury bond account, our bank will deduct an account opening fee of RMB 1. from the current account of one-card or passbook according to the regulations of the People's Bank of China. Book-entry treasury bond accounts can also be used for savings bonds (electronic) subscription business or other related businesses. ?

(2) buying and selling cash bonds?

spot bond trading refers to the purchase or sale of book-entry treasury bonds by customers through various service channels of our bank within the treasury bond trading day stipulated by the Ministry of Finance.

when a customer buys treasury bonds, our bank will deduct the corresponding funds from the current account of the card or passbook according to the "full selling price of the bank (per hundred yuan)" and the denomination of the treasury bonds; When selling bonds, our bank will increase the corresponding funds in the current account of one-card or passbook according to the "full bank purchase price (every 1 yuan)". ?

take the sale of cash coupons as an example (note):

full bank purchase price 11.15= net bank purchase price 99.23+ accrued interest 1.92?

national debt denomination: 3. yuan?

the funds credited to the current account = the face value of the national debt is 3./1.× the full bank purchase price is 11.15=334.5 yuan (note: the above prices and interest are all based on "every hundred yuan". ）?

(3) Transfer out of custody?

Transfer from custody refers to a customer's application to transfer his share of treasury bonds to other institutions for custody through our book-entry treasury bonds counter trading system. Whether the transfer of custody is successful or not shall be subject to the confirmation result of China Securities Depository and Clearing Corporation. ?

when a customer applies for transferring book-entry treasury bonds into custody, he/she must present his/her valid ID card and one-card or passbook to the counter of our branch, and at the same time, he/she must provide the numbers of "transfer to agent custody account" and "transfer to applicant custody account". Online banking, telephone banking and other self-service trading channels of our bank will not accept the application for transfer of custody for the time being. ?

our bank successfully applied for the transfer of custody, and will automatically charge a handling fee of RMB 2. from the current account of the customer's one-card or passbook.

Baidu encyclopedia-bond trading

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