How to open an account for convertible bonds

Hello, convertible bonds refer to bonds that bondholders can convert into common shares of the company at the price agreed at the time of issuance. The holders of convertible bonds can hold the bonds until maturity and receive the principal and interest income paid by the company on a regular basis. If the holder converts the bond into the stock of the issuing company, the difference between the stock price and the conversion price will generate gains and losses. Its risk level is the same as that of stocks, which is R3.

To open a convertible bond account, you first need to open a stock account in a securities company, and then click the permission to open convertible bonds on the trading software of the brokerage firm. Generally, when you open an account, tell your account manager, and he will help you open the authority of convertible bonds by the way.

There are two ways to participate in convertible bond trading:

First, create new debts.

No market value and no advance payment, all investors can participate in the subscription and pay after winning the lottery.

1. Participation path: open the brokerage transaction APP, click on the new debt subscription in the transaction, select the new debt to be subscribed, enter the quantity, and click on the one-click subscription.

2. Description of the subscription

(1) Minimum unit of purchase: Shenzhen 10, Shanghai 1( 1 = 10).

(2) Purchase time: 9:30- 15:00.

3. The subscription process is as follows:

T-day subscription

T+ 1 day matching number

Get the matching number to participate in the lucky draw: Shanghai Stock Exchange: 1 hand = 1 matching number, Shenzhen Stock Exchange: 10 = 1 matching number.

T+2 days lottery payment

You need to make up the winning money before the day of the draw 16:00, and the brokerage trading system will automatically deduct the money after the market closes.

T+3 subscribed successfully.

Check the subscribed convertible bonds and exchangeable bonds in the list of equity positions.

Second, the secondary market participates in convertible bonds trading: T+0 trading is implemented.

Participation path: open the brokerage trading app, enter the convertible bond section of the market interface, select the convertible bond variety to be traded, enter the price and quantity, and click buy or sell.

After you open a convertible bond account, you can choose to make an appointment to apply for a new one, and you can do it automatically to avoid forgetting to buy it!