Since the implementation of the new asset management regulations to break the rigid redemption strategy, bank capital preservation wealth management products have gradually been removed from the shelves and transformed into net worth wealth management products. Although this transformation has brought more selectivity and higher returns to investors, it also faces higher risks. Many conservative customers still want to buy suitable capital preservation wealth management products. Is there such a safe and stable financial product on the market? Of course, the answer is yes, that is, the income certificate of the securities company. Securities companies are generally called income vouchers, not directly called income vouchers. Investors can consult their own securities companies.

What is the proof of income?

Income certificate is a debt financing tool for securities companies as issuers. Simply put, income certificates are similar to short-term claims. Securities companies take their own credit as a guarantee and borrow money from customers by issuing income certificates. Income vouchers have a certain term, usually about three months. After the expiration, the securities company will return the funds to the customer at one time with interest. The funds raised by issuing income certificates are mainly used to supplement the working capital of securities companies and ensure the smooth progress of business activities.

Types of income vouchers

There are two kinds of income vouchers: guaranteed and non-guaranteed ones. Securities companies generally issue capital preservation type, which will clearly reflect the word capital preservation in the contract. There are two types of guaranteed income vouchers, one is fixed income vouchers and the other is floating income vouchers. Fixed income certificate will have the principal and income agreed in the contract, which is generally guaranteed by the principal. Its characteristic is capital preservation plus fixed income. Floating income certificate is a combination of fixed income products and financial derivatives, including but not limited to stocks, stock indexes, convertible bonds and interest rates. , with the characteristics of linked floating income.

Risks and benefits of income vouchers

Security: the issuer of the income certificate is a securities company, and the credit of the securities company guarantees the payment of the principal and interest of the product, so the security of the product is relatively high.

Capital preservation: Compared with the bank's wealth management products, the word capital preservation will be clearly reflected in the electronic contract of the capital preservation income certificate, and the securities company will bear legal responsibility for the payment of principal and interest.

Threshold: The threshold of income voucher is generally 50,000, which is similar to the bank's financial management.

Cycle: The redemption cycle of income certificates is relatively short, generally three months, which is a product suitable for investors with high liquidity requirements.

Cost: the cost of income coupons is very low, and most income coupons have no subscription fee, redemption fee, custody fee and management fee.

Number of issues: There is a fixed quota for the issuance of each income coupon. You can't buy any more after the quota is full. Generally speaking, the coupon is open for two days.

For investors who already have stock accounts, using part of the funds to properly purchase income coupons can rationally allocate assets and achieve the purpose of diversification.