Securities lending is a type of margin trading business, which requires opening a margin account and having sufficient assets in the account as margin. The following are the detailed steps of a securities borrowing and lending operation:
1. Open a margin account
First of all, you need to open a margin account in ** company, and the account needs to meet certain conditions, such as capital threshold.
2. Transfer of collateral:
Transfer sufficient collateral into the account, such as cash, **, etc., as margin for securities lending operations.
3. Select the type of securities borrowing:
According to the investment needs, choose the corresponding securities borrowing and lending varieties, such as a certain **, a certain ETF, etc.
4. Submit an application for securities lending
Submit an application for securities borrowing and borrowing in the trading software, select the amount of securities borrowing and borrowing and **, and wait for the transaction to be filled.
5. Transaction and repayment:
After the transaction is successful, the company will lend the securities to investors, who can sell them in the market. At the same time, the investor needs to pay interest to the ** company according to the time and interest rate of securities lending.
6. Repayment:
When investors need to repay the securities lending, they can choose to repay the loan accordingly, or repay the loan directly in cash.
Here's a specific example of securities lending::
Suppose the investor opens a margin account with a ** company and transfers sufficient collateral. The investor selects the securities borrowing and lending variety as a certain **a, submits an application for securities borrowing, and selects the number of securities borrowing and lending as 1,000 shares, ** as 10 yuan shares. If the market is 12 yuan, then the investor can get 2,000 yuan. Investors can sell these** in the market and earn the difference. At the same time, the investor needs to pay interest to the ** company according to the time and interest rate of securities lending. If investors need to repay the securities borrowing, they can choose to repay the loan accordingly, or repay the loan directly in cash.
It should be noted that there are certain risks involved in securities lending and borrowing operations, and investors need to operate according to their own risk tolerance and investment objectives. At the same time, you need to understand the relevant trading rules and fee standards before operating.