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Data:2009-12-12 2:34
1, warrant number of the provisions of the sale of
Single declaration of the number of no more than 100 million copies, to declare the smallest change in unit price of 0.001 yuan. The number of warrants to buy to declare an integer multiple of 100, meaning that investors buy the minimum number of each declaration should be 100, or 100 copies of an integer multiple of. There is no limit to declare the number of warrants sold. For investors holding less than 100 copies of the warrants, such as 99 copies of warrants can also be declared sold.
2, warrants trading commissions, fees
Warrants trading commissions, fees, etc., taking into account exchange-traded fund standards implementation. Specifically for the warrants trading commission does not exceed 0.3% of transaction amount, line right to the registration company by the stock transfer to pay 0.05% of the face value of the stock transfer fees, no line of the right to charge a commission. However, the larger the amount of trading volume customers can consult with the relevant securities business departments, commissions due to lower transaction cost.
3, warrants trading price Price Limits
With the stock up to 10% of the decline in the ratio of different warrants up the price decline is a decline in inflation, rather than the percentage limit.
Specifically according to the following formula: Price = warrant or warrant the previous day closing price + (price of the underlying securities or the day - the underlying stock's closing price the day before) × 125% × line of the right ratio; warrant the price decline = closing price the day before the C of E - (the underlying stock's closing price the day before - the day the underlying securities decline in price) × 125% × line of the right proportion.
When the calculation is less than zero, the warrants decline in the price to zero.
For example: One day's closing price of warrants is 1 yuan, the underlying stock's closing price of 5 yuan. The next day, the underlying stock daily limit to 5.5 yuan, then the warrant price limit-1 + (5.5-5) × 125% = 1.625 yuan, a rise at this time the percentage of warrants (1.625-1) / 1 × 100% = 62.5%.
4, warrants the implementation of T +0 trading
And the stock that day shall not be sold to buy a different day, warrants the implementation of T +0 transaction, that is the day to buy warrants, the day can be sold.
5, lines need to pay attention to the right to
Warrant is exercisable for time-sensitive nature, if the investor holds the warrant price is within the line of the right to miss the opportunity, will eventually not be the right lines. If investors really can not personally the right line, you must open an account in advance with their clearing of securities companies, "took the right line" business, in order to circumvent this risk. Need to remind investors that, in accordance with the provisions of the two cities, warrants the product within five days of the due date can not be traded, but also holding such as waste paper as the investor warrants to be thrown as soon as possible choices to pre-empt a rude awakening.
