The transaction process:
1, log on to the stock trading software, select "financing";
2, enter the submission of collateral to the personal credit account, can be cash, stocks, bonds, funds, etc.;
3, the financing transaction selection
3, financing transactions choose "financing to buy", securities trading choose "securities selling";
4, in the maturity date, the repayment of financing liabilities choose "direct repayment" or The operating environment for oppo reno6 V11.3
Financing margin trading (securities margin trading), also known as "securities credit trading" or margin trading, refers to the investor to the securities company with the qualification of financing margin trading to provide collateral, borrowing funds to buy securities (financing transactions). It means that investors provide collateral to securities companies qualified for securities financing and securities margin trading, and borrow funds to buy securities (financing trading) or borrow securities and sell them (securities margin trading). It includes financing and securities financing by brokerage firms to investors and financing and securities financing by financial institutions to brokerage firms. From a worldwide perspective, the financing and securities financing system is a basic credit trading system.
Transaction differences
Financing and securities trading, compared with ordinary securities trading, in many ways there is a big difference, summarized in the following points:
1, margin requirements are different. Investors engaged in ordinary securities trading shall submit 100% of the margin, that is, the purchase of securities shall be deposited in full beforehand, the sale of securities shall be held in full beforehand securities. While engaging in financing transactions is different, investors only need to pay a certain amount of margin, you can buy and sell a certain number of times the margin (buy more short selling), in the prediction that the price of the securities will rise and do not have enough money on hand, you can borrow funds from the securities company to buy securities, and sell securities at a high level to return the borrowed money;
2, the legal relationship is different. When investors engage in ordinary securities trading, there exists only the relationship of entrusted purchase and sale between them and the securities company; while engaging in financing transactions, there exists not only the relationship of entrusted purchase and sale between them and the securities company, there also exists the relationship of borrowing and lending of funds or securities, so they also have to deliver a certain proportion of the margin to the securities company in the form of cash or securities in advance and deliver securities and securities bought with financing and funds obtained from the securities sold as collateral to the securities company. The securities company will also deliver the securities purchased under the financing and the funds received from the sale of securities sold under the financing as collateral.
3, risk-taking and trading rights are different. Investors engaged in ordinary securities trading, the risk is entirely borne by their own, so you can buy and sell almost all the securities listed on the stock exchange (a few special varieties of investors involved in the transaction of special requirements, except).
4, compared with ordinary securities trading. Investors can expand their trading chips by financing securities to securities companies, which has a certain financial leverage effect, through which the financial leverage effect to obtain income.