Category: Money tips Release Date: 2006-07-14
Q: At present, the Shanghai Stock Exchange's what warrants?
A: Currently, the warrants on the Shanghai Stock Exchange has Baoshan Iron and Steel JTB1 (code: 580000), Wuhan Iron and Steel JTB1 (580001), Wuhan Iron and Steel JTP1 (580999). This three warrants are tradable share reform in Central Africa, as shareholders of tradable shares as part of the price donated to the shareholders of tradable shares is a kind of covered warrants. JTB1 Baosteel and Wuhan Iron and Steel is a European-style warrants JTB1, Wuhan Iron and Steel is a European-style put warrants JTP1.
The names of these warrants contain a wealth of information: The Baoshan Iron and Steel JTB1 for example, "Baosteel" represents the future of the stock is trading agreement G Baosteel, "JT" on behalf of the issuer is the Baosteel Group ( "JT" yes "group" the first letter of the alphabet ) release, "B" on behalf of the holder to have a future right to buy the warrants for the subscription warrants (if the letter is "P" indicates the holder has the right to sell the future of the warrants for the put warrant), "a "on behalf of a warrant to bring these words, letters and numbers together," Baosteel JTB1 "yes" Baosteel Group, the first one issued warrants ", where the indicator warrants to buy out the rights of warrants, and it corresponds to other hand, is marked with the right to sell put warrants, such as Wuhan Iron and Steel JTP1.
Q: At present, the Shanghai Stock Exchange What are the main provisions of the Warrants, representing mean?
A: The main provisions include warrant issuers, exercise price, during the existence of an exercise period, the exercise of the ratio. Baoshan Iron and Steel JTB1, Wuhan Iron and Steel and Wuhan Iron and Steel JTP1 the JTB1 main provisions and their interpretation as shown in the table.
Q: The creation and cancellation of warrants how the matter?
A: The warrant refers to the creation of publicly traded warrants, after the competent bodies to issue warrants with the original terms of the warrants is fully consistent behavior. Shanghai Stock Exchange on November 21, 2005 promulgation of "the creation of Wuhan Iron and Steel Corporation on matters related to notification warrants", allowing access to innovative pilot qualified securities companies warrants the creation of Wuhan Iron and Steel, the circular says, "the creation of warrants and subscription warrants or WISCO WISCO Put warrants the same, and use the same transaction code and the right line of code ", the creation of Wuhan Iron and Steel warrants must be deposited in the designated account for the full Wuhan Steel shares, the creation of Wuhan Iron and Steel put warrants must be in the designated account by 3.13 yuan / per full deposit in cash for the line of the right to guarantees of performance. For example, an innovative pilot project to prepare the creation of Wuhan Iron and Steel broker warrants 100 million copies, he needs to open the same time, warrants the creation of accounts and performance guarantee account, and 100 million shares of Wuhan Iron and Steel shares deposited in the performance guarantee account, and then the creation of applications submitted to the Shanghai Stock Exchange allowed the creation of an account later, he's warrants get 100 million warrants Wuhan Iron and Steel, Wuhan Iron and Steel warrants at this time the flow of the market volume increased by 100 million copies. If he was prepared to the creation of 100 million copies of Wuhan Iron and put warrants, then the 313 million should be kept in the performance guarantee account, the creation of applications are approved, he will have 100 million copies of Wuhan Iron and put warrants.
Cancellation of warrants is the creation of man (that is, warrants the creation of the securities company) to the Shanghai Stock Exchange for cancellation of its designated account warrants the creation of all or part of Warrants Warrants. Applications are approved, the performance bond account and cancel warrants equal to the number of shares or cash to lift a corresponding pledge, the creation of the Shanghai Stock Exchange required to apply for cancellation of the same number of Warrants shall not exceed the amount that he previously created. For example, an innovative pilot brokerage out of 100 million copies in the creation of Wuhan Iron and Steel warrants, after buying from the market after selling 10 million copies of Wuhan Iron and Steel 8 warrants to apply for cancellation, approved, an account of his performance guarantees, there will be eight million shares of Wuhan Iron and Steel shares lifted pledge, Wuhan Iron and Steel warrants will be reduced by the total circulation of 8 million copies.
As of December 5, 2005, Wuhan Iron and Steel warrants set to create 647 million copies, no write-offs, the current total of 1.121 billion copies in circulation; WISCO Put Warrants to create a set 1.236 billion copies, write-off 143 million copies currently in circulation total of 15.67 100 million copies.
