National Yuan securities business scale of two to 5 billion

Reporter yesterday from the National Yuan Securities (000728) learned that the company's financing and margin business of the initial scale of 5 billion yuan, the scale of the pilot 25 securities companies in the forefront.　　December 13, National Yuan Securities Hefei Shouchun Road and Hefei Lujiang Road Sales department has successfully completed the first day of the company margin trading, the company is distributed throughout the country's 48 securities sales department has officially launched this business. According to the introduction, in the National Yuan Securities account for 18 months, the amount of securities assets of more than 500,000 yuan, the last six months of interest-type trading customers, through risk assessment, can be applied to the company in advance. National Yuan securities related officials said, financing and margin business development process, when the existing "financial assets available for sale" subject to the types of securities and the number of products can not meet customer demand, will be based on market conditions after the study, through the two-tier market to buy related securities bond, and through the stock index futures and other hedging tools,　　Locking the securities market risk. China Yuan securities financing and margin business is currently taking the "with the loan" mode, do not use no charge. Customer through the "with borrow" mode, only in the actual use of company funds and securities, only to start calculating interest and fees, customers apply for margin margin, no charge. If the customer applies for a financing limit of 1 million yuan, the actual use of funds over a period of 600,000 yuan to buy a certain target securities and hold 150 days, at an annual rate of 8.1% calculation, the actual customer only pay interest of 20,250 yuan (600,000 yuan *8.1%/360*150=2.025 million),　　The actual annual loan cost of 1 million yuan for the customer's application is only 2.025%. And most of the pilot securities companies have a difference is that the National Yuan securities in advance of the customer to apply for the amount of financing and credit margin should be adjusted to customer requirements, such as customers believe that the current market is suitable for long, you can not use the margin of credit adjustment for the financing limit.