How to convert OTC funds into OTC funds?
OTC funds refer to funds that can be traded in the secondary market. We can buy and sell them directly through stock accounts. OTC funds refer to funds traded over the counter. Investors can buy them through some consignment agencies, such as Alipay and Tian Tian Fund Network.
To convert OTC funds into OTC funds, you need to have a stock account first, and you also need to know the seat number of the transferred securities company in the exchange, and then go to the selling agency of the transferor to handle the transfer custody business on the stock trading day. After the business is completed, it will generally arrive in T+2 days.
How much is the handling fee for transferring money from different places to the venue?
In general, the fee for transferring funds from different places is divided into two parts. The first part is the redemption fee transferred out, and the second part is the subscription fee transferred in by the fund.
The redemption fee transferred from the fund is generally calculated according to the time limit for investors to hold the fund. The longer the holding period, the lower the cost. Usually the holding days are less than 7 days, and the rate will be very high, about 1.5%. The subscription fee transferred from the fund will be different according to different buying institutions.
After the fund is transferred from OTC to OTC, it can also be traded directly in the secondary market, and can be redeemed directly according to the net value of the fund unit. In addition to reducing transaction costs such as management fees, the liquidity of the fund will be better, and the closed period of the fund can be skipped.