The hourly wage of ABC is an open-ended net worth financial product, which is simply an open-ended financial product. On July 3, 20 18, the subscription price of ABC Time Pay was 1 yuan. The issuer is China Agricultural Bank Finance Co., Ltd., and the product type is: non-guaranteed floating income.
Agricultural Bank of China's time-paid product model: monetary fund, which announces ten thousand copies of income and seven-day annualized rate of return, and daily settlement income: daily distribution of income and bringing in product share, and part of income is included in the principal to calculate the next income.
Agricultural Bank of China is a fixed-income product, which mainly invests in financial instruments such as money market instruments, fixed-income securities and money market funds. Due to the changes of interest rate market, exchange rate market and credit environment, when the investment valuation fluctuates greatly, the product income may decrease or even lead to the loss of principal.
Agricultural Bank of China is an open-ended net worth wealth management product, and the annual yield of the open-ended net worth wealth management product = (current net worth-original net worth)/original net worth/days of establishment *365 days. Open-end net worth wealth management product refers to a kind of wealth management product similar to open-end fund, which has no expected income and no promised income from banks.
According to statistics, in 2020, ABC will open RMB wealth management products to pay 1 10,000 yuan, with an annualized rate of return of 2.65% in seven days. You can compare the income of the same type of wealth management products on the market before deciding whether to buy them.
The annual interest rate paid by ABC from time to time is 3.5%. According to the calculation method of interest, interest = principal * interest rate * processing time, and the annual interest of deposit 1 10,000 yuan is1000000 * 3.5% *1= 35,000 yuan.
Time payment is an open net worth financial product launched by Agricultural Bank of China, which supports daily open subscription and real-time deduction; During the redemption opening period, real-time redemption within a certain amount is supported. When the total amount of real-time redemption exceeds the real-time redemption time limit, an application for preventing repurchase can be submitted.