1. Conditions for opening the Liangrong Account
Meet half a year of trading experience (half a year of trading experience refers to the first transaction with a securities account, no matter which brokerage is traded in)
The daily average market value of the first 20 trading days is not less than 500,000 (the premise of opening a two financing account is that you need to have an ordinary account in the brokerage, and 500,000 must be released for 20 trading days; of course, if it is 1 million, it will take 10 trading days , 2 million for 5 trading days and so on)
2. How to open the Liangrong Account
1. Open offline:
Bring your ID card and bank card to make an appointment to go to the business department to handle it (if you can find a securities company that opens the two financings online, it is not recommended to handle it offline)
2. Open online: (Only one or two brokers can)
A Open the Sogou browser, switch to compatibility mode, then enter the official website of the brokerage, install the security control, close the browser after the installation is complete, enter the official website again, and log in to the fund account
B Margin trading risk reminder (the video plays for about 15 minutes)
C Margin and securities lending knowledge assessment, 10 questions professional knowledge + 4 questions assessment
D Scan the code on the mobile APP to upload the ID card, and manually record the video
E The video review is passed, the credit third-party depository bank is bound, and the credit account is issued
Note that this step is generally to contact the account manager to guide the activation online
3. The interest rate of the two financing accounts
1. The interest rate of the two financings
A. Financing: After comparing the total rates of multiple brokerages, it is concluded that the interest rates of the two financings are between 5% and 8.35%, and very few can achieve unconditional 5%, and they are opened online. If you keep more than 6%, you have to be careful. If you have 500,000 assets, your daily cost will be 14 yuan higher than others.
Another issue that needs to be paid attention to in financing is the commission of the credit account. Some investors do not pay much attention to this issue. The commission of the credit account may be 15,000 or even 1,000, which will cause the transaction cost to rise sharply. If you are top-heavy, you can't go far, and you can travel lightly if you are light-headed. Therefore, this question is specially raised, and try to negotiate with the account manager to keep the commission of ordinary and credit accounts consistent. The current minimum commission is 10,000 full commission!
B. Securities lending: first look at the source of securities for securities lending, which is different for each securities company, and then compare the interest rate of securities lending. Special securities lending starts at 2.99%, and ordinary securities sources are fixed at 6%-9.35%
4. Use of Liangrong Account
1. After the account is opened online on the same day, you can contact the account manager to adjust the commission rate of the financing account first (in case + the interest rate of financing is 5%). The time of collateral transfer can be divided into two categories:
A. If you transfer cash through bank-securities transfer, it will be received on the same day and can be used on the same day. The way to transfer in cash collateral is to transfer in through the third-party credit depository bank, and the same is true for the transfer out.
B. If you transfer in securities as collateral, you must submit it on the same day and use it on the next trading day. And the transfer of collateral can only be carried out during trading hours (9:30-11:30, 13:00-15:00). The transfer of securities collateral is directly transferred in and out through "collateral transfer"
2. After the collateral arrives in the account, you can purchase according to the amount of the collateral (the leverage ratio of cash collateral is 1:1, which is the highest; the leverage ratio of securities collateral will be discounted accordingly, the specific conversion ratio You can check on the official website of the broker. If you want to maximize the utilization rate of funds, you can first transfer your own funds as collateral, first conduct financing purchases, and then use your own funds to buy)
3. After financing the purchase, investors need to pay attention to the maintenance guarantee ratio of their accounts
4. If there is a situation that the two financing accounts cannot be financed to purchase, you can find out the problem from the following aspects
A. The stock is not an underlying security, and only stocks included in the scope of the financing target can be purchased through financing.
B. The available margin is insufficient, and it is necessary to transfer a sufficient amount of available margin or release the corresponding financing amount.
C. The concentration of a certain stock exceeds the limit and is restricted from buying.
D. The collateral is transferred on the same day, and the financing amount is increased on the next trading day. If the amount is insufficient, financing cannot be provided.
E. For stocks on the Science and Technology Innovation Board or the ChiNext Board, please check whether you have opened the corresponding authorization, and it will be affected by the concentration limit.
5. The amount of funds is larger, how to increase the amount of financing?
The amount of funds in the account becomes larger, just submit an application for increasing the limit in the background system, and the new limit will take effect within half an hour
6. Is there any interest charge for refinancing or securities lending on the same day?
For financing, if you sell the repayment on the same day, no interest will be calculated on the same day. For securities lending, if it is the company’s own T0 bonds (public bonds, self-operated bonds), no interest will be calculated on the day of return. In addition, interest will be calculated on the same day.
7. Is the financing charged monthly or semi-annually?
Financing interest is collected when the loan is sold for repayment. For example, if it is held for three months and then sold for repayment, the principal and interest will be repaid in one lump sum in March, instead of being settled once a month.
8. Is it necessary to settle the interest when the financing is extended for half a year? Are there any restrictions on applying for an extension?
The maximum financing period is half a year, and you can apply for an extension after half a year. There are no thresholds for review and approval, and you can apply directly in the system; you can choose to settle the interest or not to settle the interest during the extension. Included in the principal and continue to accrue interest
5. Find a broker with a lower interest rate, how to change brokers
1. There is no dual financing account for transferring funds
This situation is easier to deal with. After finding a new suitable brokerage, open a new ordinary account directly. If you have opened three or more accounts, you can cancel a Shanghai designation or cancel the account, and then the account will be normal. Then slowly transfer the funds to the new brokerage
2. There is no two financing accounts for transfer tickets
If you want to transfer tickets, most brokerages need to go to the sales department to handle (bring your ID card and bank card) to cancel the current brokerage’s Shenzhen listing and Shanghai designation, and you need the Shenzhen seat number of the new brokerage
3. There are two financial accounts for transferring funds
If you have a Liangrong account, the first thing to do is to settle the accounts of the current Liangrong account, transfer out the collateral (that is, clear the Liangrong account) and then make an appointment to go to the sales department of the securities company to handle the sale of the Liangrong account (if it is online You can sell online if you have completed the Liangrong Account)
4. There are two financial accounts for the transfer ticket
In this case, you still need to go to the business department to handle the sales of the two financing accounts first, and at the same time you can handle the transfer together, and leave the transfer information to the sales department. After the two financing accounts are closed, you can directly handle the transfer
Note: For account transfer, cancellation of ordinary accounts, and cancellation of Liangrong accounts, the premise is that the accounts have no fund balance and no outstanding liabilities, and T-2 does not apply for new shares and new bonds.
So far, I hope it can help investors and friends. If you have other questions, please leave a message!