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Book-Entry Treasury Bonds


 

Name

Book-entry treasury bonds

Introduction

Book-entry treasury bonds refer to the tenderable dematerialized bond issued by the Ministry of Finance with creditor's rights recorded in computer.

Counter transaction of book-entry treasury bonds means that commercial bank conducts government bonds buying and selling as well as entrusting and settlement business, as per its public offer, with investors through its outlet.

Currently, according to provisions of the People's Bank of China, the main items that Bank of China charges the OTC bond investors are: Opening a account charges: RMB 10/account; switch hosting charges: RMB 20; non-transactional transfer charges: RMB50; trustee fee is currently free of charge.

Our Advantages

1. The buying and selling of book-entry treasury bonds in Bank of China will accomplish a real-time delivery of fond amount, and convenient for investors to make multiple transactions for a bond on the same day; At the same time, the funds from bonds sold by the investors can be transferred or withdrew on the same day.

2. The quotations, offered by Bank of China, for buying and selling the book-entry treasury bonds perform multiple price in a day; that is, Bank of China shall make independent decision on the quotations for buying and selling the book-entry bonds according to its judgment on the tendency of economy and market interest rate, and make adjustment in accordance with the market conditions.

Target Customers

Domestic and overseas individuals with full capacity for civil conduct, and hold valid personal identity papers.

Process

Customers shall handle the transaction in Bank of China with the required papers. Processing time: From Monday to Friday (except the legal holiday), 10 : 00 am. to 15 : 30 pm.

1. How does the investor handle the bond account opening  business?

2. What should investor do to handle bond purchasing, buying and selling?

3. What should investor do to change the customer's information reserved in Bank of China?

4. What shall the investor do to apply for a refreshment of the enquiry system for initial password?

5. How do investor handle the custodian bond transfer?

6. What shall investors do to handle bond non-transaction transferring business?

7. What shall investor do for closing an account?

8. What shall investor do to query the custodian bond account?

Method one: telephone inquiry

Method two: counter inquiry

Required Documents

Valid identity documents.

Risk Disclosure

For investors, risk lies in the uncertainty of the profits. Generally speaking, risk is in proportion to profits. Customer may get, in a counter book-entry treasury bonds transaction, not only the accrued interest of the bond in holding period, but also the capital gains or losses seeing that the bond price is higher or lower than the face value.

To investors who hold the treasury bonds until the mature date without any transactions, the counter treasury bond transactions is equal to the certificated treasury bonds, that means the investors' effective yield level is almost the same with the theoretical benefit for bonds buying.

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