Category: Money tips Release Date: 2007-04-06
Definition of Bank-Securities Link
Bank-Securities Link also known as the "passbook stocks" refers to the depositors of commercial banks in order to demand deposit accounts as margin accounts, securities trading and settlement accounts to the bank commissioned a telephone banking system as a stock trading system, through the securities business department of the seats into the securities exchange-traded securities business.
Bank-Securities Link functions and features
1. Function: investors through the banking system, the Securities and Exchange commission call as the securities business department commissioned the telephone system, full-featured, such as the A shares, funds, bonds, enterprise bonds entrusted sale, withdrawals, he said; new shares subscription, allotment, allotment; Quotes turnover of capital stock of the inquiry; on behalf of the bonuses and dividends; change passwords and other functions.
2. Features: For depositors with financial security, access convenience, transaction not subject to site constraints and so on. Depositors can use their own funds on bank accounts, securities transactions, make full use of banking services, a powerful network system, so that securities trading is more flexible and convenient; because of funding has always been reflected in the depositors of the bank account, the depositor can always access the system through the banking to use their own funds; investors passbook handling operations are stocks of all savings in the bank outlets to open an account.
The principles
Bank-Securities Link real business benefits for banks to use capital management, social advantages of the credit intermediary involved in securities trading brokerage part of the liquidation of three clients, therefore, Bank-Securities Link business systems must follow the principle that: "Banks pipe funds, stock brokerage management" . That any use of Bank-Securities Link investors, the bank is responsible for the management of funds, freezing, transfer, thawed and so on, the securities business department is responsible for the delivery of shares, liquidation, etc.; the two sides through networked real-time transmission of funds and securities relating to the relevant information, to complete the whole trading process.
Bank-Securities Link basic flow of the business
Account Registration
Customers holding my ID card, shareholders code card, bank passbook to the banks and securities companies to apply for any of a Bank-Securities Link outlets, and signed the "Bank-Securities Link Account Application Form", "Securities and Exchange commission agreement" and "designated Trade Agreement. "
Trading commission
Customers call a designated telephone number into the commission system, commission, its processing procedures and the general telephone system is basically the same commission.
Clearing settlement
Customers via fax system to receive the stock on the billing and Jiao Gedan.
Deposit Access
Bank-Securities Link main features of business is investor savings accounts and margin accounts, combined conducting securities transactions, real-time freezing of funds through banks, clearing the way end of the day will be separated from margin deposits with the bank, reducing the allocation of funds . The day of closing funds into the customer savings passbook, this part of the funds the same day can only buy the shares can not be extracted and used for other purposes.
