What does bank T+0 financing mean?
Bank financing means that banks design and issue their own wealth management products, then invest the raised funds in financial products, and distribute the principal and expected return to investors after obtaining the expected return on investment.
Bank T+0 mainly invests in bonds with high credit rating, such as government bonds, central bank bills and financial bonds. This kind of investment risk is low, and bank T+0 mainly invests in short-term bonds. The biggest advantage of this kind of wealth management products is that they can be redeemed at any time.
Take China Merchants Bank as an example. When the investor redeems the wealth management products in full, China Merchants Bank will transfer the principal and expected income held by the investor on that day to the investor's account in real time. When the investor partially redeems, the bank will transfer the principal required by the investor on that day into the investor's account, but this part of the principal will not arrive until three trading days after the expected income carry-over date of the current month.
On the day of T+0 financial management, banks began to enjoy the expected income, one day earlier than the money fund. Money funds purchased before 3 pm on the same day start to calculate the expected return from T+ 1, so the bank's T+0 wealth management can enjoy the expected return for one or two days, which is especially suitable for putting short-term idle funds for three to five days.
Ok, T+0 Bank is over, I hope it will help you. Warm reminder, financial management is risky and investment needs to be cautious.
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