1. Rules for calculating the income of OTC money funds
The trading days are 1 and t, and the money fund is bought before t 15:00, and the income is calculated according to T+ 1. If the monetary fund is redeemed before T 15:00, T+ 1 will be received, and the income will be calculated as T, not as T+ 1.
2.t is the trading day. The money fund buys after T 15:00, and the income is calculated on T+2. Redeem the money fund after T day 15:00, and receive it on T+2, and calculate the income on T day and T+ 1, but not on T+2.
If the subscription and redemption of funds are non-trading days, the first trading day after the application for subscription and redemption is T day, and the income is calculated according to the above rules.
Take the transactions around the 20 17 holiday as an example.
1. Suppose you bought a money fund on Friday, September 29th. Since September 30th to June 8th 10 is a non-trading day, the Monetary Fund starts to calculate the income from June 9th 10.
2. Suppose 10 bought a money fund on February 2nd. Since February 2-8 10 is a non-trading day, the Monetary Fund starts to calculate the income from June 10.
In recent years, T+0 common money fund represented by Yu 'ebao has appeared in the market. That is, within a certain amount limit, it will be redeemed on T day, received on T day, and the income will not be calculated on T day. For T+0 Monetary Fund, T Day is a natural day.
Two. Rules for calculating the income of exchange-traded monetary funds
Buying, selling, subscription and redemption are not allowed on non-trading days when the money fund is traded on the floor.
1, buy on t day, calculate the income on t day, and the fund share can be redeemed on t day and sold on t day.
2. If it is sold on T day, the funds will arrive immediately (you can buy stocks and other on-site varieties), and the income will not be calculated on T day, so the funds will arrive on T+ 1 day.
3. Monetary funds traded on the market, if they are purchased and redeemed on the market, will be purchased on T day, and the income will be calculated on T day; Redemption on t day, and no income will be calculated on t day.
Some on-site money funds can also be purchased and redeemed off-site, and the calculation rules of income when purchasing and redeeming are the same as those of off-site money funds.
It should be noted that money funds can be divided into "daily distribution monthly payment" and "daily distribution daily payment" according to different income carry-forward, which will have an impact on the calculation of investment income.
"Daily distribution and monthly payment" means that the monetary fund calculates the income every day, transfers the income to the investor's fund account once a month, and calculates the investment income from T+ 1
"Daily distribution day payment" means that the monetary fund calculates the income every day, transfers the income to the investor's fund account every day, and calculates the income from T+ 1 In other words, investors' money fund investment enjoys compound interest. Under the same circumstances, the monetary fund with daily carry-over income is higher than that with monthly carry-over income.