The full name of convertible bond is "convertible corporate bond". It is a bond itself. The face value of each bond is 100 yuan. The principal and interest can be repaid upon maturity, or the bond can be converted into stocks.

So, when trading convertible bonds, does it follow the T+0 or T+1 trading system? Is the convertible bond T+0 or T+1? T+0 trading. In simple terms, investors can buy it on the same day.

Enter and sell on the same day.

Currently, bonds (including convertible bonds, exchangeable bonds, treasury bonds, corporate bonds, etc.), T+0 money market funds, cross-border ETFs and some cross-border LOFs implement the T+0 trading mechanism.

The following are the trading rules for convertible bonds: 1. Transaction quotation Convertible corporate bonds use a face value of 100 yuan as a quotation unit, one lot (i.e., a face value of 1,000 yuan) as a trading unit, and the settlement unit is a piece (i.e., a face value of 100 yuan, 1 lot)

=10 pictures).

2. Transaction fees are different for each brokerage. You can communicate with your account manager for details.

3. Minimum circulating amount: When the circulating face value is less than 30 million yuan, the convertible bond will lose its liquidity.

4. Price limit limit In actual operation, the price limit system is not implemented.

How to participate in convertible bond transactions? 1. Placing: If you hold the underlying shares of convertible bonds, investors can allocate a certain proportion of convertible bonds first according to the number of shares they hold, and investors can own these amounts by paying.

Convertible bonds.

2. Subscription: Investors can subscribe for convertible bonds just like they subscribe for new shares. Different from the subscription for new shares, the subscription for convertible bonds adopts credit subscription, that is, they can subscribe for new bonds without the market value of the shares held.

3. Direct trading: After convertible bonds are listed, they can be purchased directly in the secondary market. The specific operations are the same as buying and selling stocks.

It should be noted that starting from October 26, 2020, the subscription and trading of convertible bonds must be authorized before participating. If investors do not have the authority, they can first activate the authority and then participate in the transaction.