What is the meaning of certificate treasury bonds and electronic treasury bonds

1.Certificate-type treasury bonds are treasury bonds issued by the state by filling in the treasury bills collection voucher instead of printing physical coupons. It is in the form of a treasury bond receipt voucher as proof of creditor's rights, which cannot be listed and transferred, and the interest is calculated from the date of purchase.

If you need to withdraw cash during the holding period, you can go to the purchase outlet to withdraw it in advance. In the case of early redemption, in addition to the repayment of the principal, the interest is calculated according to the actual holding days and the corresponding interest rate grade, and a handling fee will be charged at 2 of the principal paid.

2.In order to improve the mode of managing treasury bond claims and improve the efficiency of treasury bond issuance, electronic treasury bonds have adopted the achievements of modern information technology to facilitate treasury bond investors on the basis of drawing on the advantages of convenient and flexible voucher treasury bonds, and launched electronic savings treasury bonds. Electronic savings treasury bonds are a non-negotiable RMB bond issued by the Ministry of Finance of China to the savings funds of Chinese citizens in China, and the claims are recorded electronically.

There are several features:

One is for individual investors. The subscription is limited to Chinese citizens in China, and is not issued to institutional investors, and a single purchase limit for a single account is established;

The second is non-negotiability. The real-name system is adopted and cannot be circulated and transferred;

The third is to use electronic means to record creditor's rights. The special computer system is used to record and manage the investor's creditor's rights, saving the investor the trouble of keeping paper creditor's rights vouchers, and the creditor's rights inquiry is convenient;

Fourth, the income is safe and stable. It is issued by the Ministry of Finance and is responsible for repayment of principal and interest. The coupon rate is determined at the time of issuance (does not change with the change of market interest rate or savings interest rate), and is exempt from interest tax;

Fifth, it is encouraged to hold the maturity. Electronic treasury bonds have a minimum holding period, and can only be compared and redeemed in advance after the minimum period is completed, and part of the interest will be deducted and the corresponding handling fee will be paid;

Sixth, the procedures are simplified. Eliminating the need to redeem the formalities, the principal or interest is directly transferred to the investor's capital account when due;

Seventh, the interest payment methods are more diverse. The design of annual interest payment varieties is suitable for the investment habits of individual investors who deposit capital and withdraw interest.

Purchase method: Investors must purchase electronic savings bonds through their personal treasury bond custody account opened with any of the host banks.

What is the difference between certificate treasury bonds and electronic treasury bonds?

Which is more suitable to buy treasury bonds, electronic treasury bonds or certificate treasury bonds? What is the difference between the two?

1.Different purchase application procedures. Investors can directly purchase certificate-type treasury bonds with cash, while investors need to open a treasury bond account and designate the corresponding fund account to purchase electronic treasury bonds.

2.Different interest payment methods. Certificate-type treasury bonds repay principal and interest in a lump sum at maturity, while electronic treasury bonds have a variety of interest payment methods, including annual interest payment and interest payment with principal.

3.The issuance objects of certificate-type treasury bonds are mainly individuals, and institutions can also subscribe to them; Electronic book-entry bonds are only issued to individuals and cannot be purchased or held by institutions.

4.In terms of debt interest payment, after the maturity of paper-based treasury bonds, investors need to go to the outlets of underwriting institutions to handle payment matters, and no interest will be charged after maturity. However, after the expiration of the electronic accounting voucher, the user can complete the redemption through the "Treasury Bond Redemption" in the online banking, and no interest will be added after the expiration.

1. Electronic treasury bonds: refers to the non-negotiable RMB bonds sold by the Ministry of Finance to individual investors through pilot commercial banks and recorded in electronic form, without formal certificates, withdrawn after the issuance period, fixed value date and maturity date, withdrawn and deducted interest, paid annually, principal repayment at maturity + last interest, automatic redemption at maturity, the sales period is usually 10-14 days, but the ** period is only 4-5 days; The sales quota is the basic quota + the flexible quota;

2. Certificate treasury bonds: refers to the treasury bonds sold by the Ministry of Finance to the public through various underwriting agencies in the form of "certificate treasury bonds of the People's Republic of China". There is a formal certificate for over-the-counter purchase, which can be reported as lost, and the redemption is made during the issuance period, the interest is calculated from the date of purchase, and the interest is calculated in stages corresponding to the maturity date, and the one-time repayment of principal and interest is currently only supported at the counter, and the sales period is usually 10-14 days, and the sales amount is a fixed amount.

Further information: 1. Electronic bonds are better than certificate bonds.

Electronic treasury bonds are paid on an annual basis, and the principal is repaid and the interest of the current year is paid after maturity, while certificate treasury bonds are repaid after maturity, certificate savings treasury bonds: voucher savings treasury bonds can only be purchased through bank counters, investors can prepare funds before the sale, bring the debit card or deposit certificate of the corresponding bank, and personal identity documents to the counter of the branch to purchase. Electronic Savings Treasury Bonds:

Electronic Treasury bonds can be purchased over the counter or through mobile banking. Mobile banking is relatively more convenient to purchase, which can avoid the trouble of waiting in line.

2. Treasury bonds.

Treasury bills are issued by the Ministry of Finance to make up for the imbalance between fiscal revenue and expenditure; Public bonds are a type of bond issued to raise funds for construction. The two are also sometimes referred to collectively as public debt. **Bonds have the characteristics of high security, strong liquidity, stable income and tax exemption.

Bonds are debt certificates issued to investors for the purpose of raising funds and promising to pay interest and repay the principal within a certain period of time, including national bonds, local bonds and guaranteed bonds.

Conclusion: I found out that I bought an electronic treasury bond actually arrived half a month in advance, but I didn't know it at the time, and then on the day I arrived on the Internet, I found that the money had arrived half a month earlier, and the salesman didn't know this trick, and said that it was impossible, so it was true.

What is the difference between certificate treasury bonds and electronic treasury bonds?

The difference between certificate treasury bonds and book-entry treasury bonds:

1) The purchase of certificate-type treasury bonds is an ideal investment method that is safe, flexible and moderately profitable, and it is an investment variety that integrates the advantages of treasury bonds and savings. Certificate-type treasury bonds can be purchased at the nearest savings outlets of banks.

2) Book-entry treasury bonds have the characteristics of low cost, good returns, good security and strong liquidity. Compared with the bookkeeping type, the voucher type has its own characteristics. In terms of profitability, book-entry treasury bonds are slightly better than certificate-entry treasury bonds, and the coupon rate of book-entry treasury bonds is usually slightly higher than that of certificate-entry treasury bonds of the same maturity.

In terms of security, certificate treasury bonds are slightly better than book-entry treasury bonds.

3) In terms of liquidity, book-entry treasury bonds are slightly better than certificate-type treasury bonds.

Certificate-type treasury bonds refer to treasury bonds issued by the state by filling in the "treasury bill receipt voucher" instead of printing physical bills. Since 1994, China has been issuing certificate-type treasury bonds. Certificate-type treasury bonds have the characteristics of being similar to and superior to savings, and are often referred to as "savings treasury bonds", which are the ideal investment methods for individual investors for the purpose of savings.

Compared with savings, the main characteristics of certificate treasury bonds are safety, convenience, and moderate returns. Specifically:

1) There are many outlets for the issuance of certificate-type treasury bonds, which is convenient to purchase and redeem, and the procedures are simple;

2) It can be registered and reported as lost, and the security of holding it is better;

3) The interest rate is l-2 percentage points higher than the bank deposit interest rate in the same period (but lower than that of bearer and book-entry treasury bonds), and the interest is calculated at a progressive interest rate according to the holding time when redeeming in advance;

4) Although certificate treasury bonds cannot be listed and traded, they can be redeemed in advance, and the realization is flexible, and the location is nearby, so investors can go to the original purchase point to redeem cash at any time if they encounter special needs;

5) The interest risk is small, and the interest rate of each grade is higher than or equal to the interest rate of the bank in the same period, and there is no risk that the interest rate of the fixed savings deposit can only be calculated on demand in advance;

6) There is no market risk, certificate treasury bonds cannot be listed, and the ** (principal and interest) when redeemed in advance does not change with the change of market interest rate, which can avoid market risk.

Book-entry Treasury bonds refer to:

1) There are no physical tickets, but they are recorded in a computer account.

2) In China, the Shanghai Exchange and the Shenzhen Exchange have established computer accounts for investors, so they can use the system of the exchange to issue bonds. In recent years, China's book-entry treasury bonds issued and traded through the trading systems of the Shanghai and Shenzhen stock exchanges are examples of this.

3) If an investor buys or sells book-entry bonds, he must set up an account on the ** exchange. Therefore, book-entry treasury bonds are also known as paperless treasury bonds.

The similarities between electronic treasury bonds and certificate treasury bonds are:

All of them are savings bonds, which are subject to a real-name system, and the interest rates for the issuance of the same maturity varieties are basically the same. It's the same in terms of security.

The main differences are:

1. The subscription procedures are different. Investors who purchase savings treasury bonds (electronic) need to open a personal treasury bond account and specify the corresponding fund account.

, use the deposit in the funded account to make the purchase. Investors do not need to open a personal treasury bond account to purchase certificate-type treasury bonds, and can use cash or bank deposits to purchase treasury bonds directly.

2. The recording method is different. Savings Treasury Bonds (electronic) record investors' purchases in an electronic bookkeeping format. Certificate-type treasury bonds record investors' purchases by issuing "People's Republic of China Certificate-type Treasury Bonds Collection Certificates".

3. The interest payment cycle and method are different. Savings Treasury bonds (electronic) are paid annually and at regular intervals. Certificate-type treasury bonds are repaid with principal and interest at maturity.

Electronic treasury bonds are aimed at individual investors, and the subscription is limited to domestic Chinese citizens, not institutional investors.

In addition, electronic treasury bonds are non-negotiable RMB bonds that record claims electronically, without formal certificates, and are withdrawn after the issuance period, with a fixed value date and maturity date, and the interest is deducted and the interest is paid annually. Certificate Treasury Bonds: Refers to the Ministry of Finance.

Treasury bonds sold to the public through various underwriting agencies in the form of "People's Republic of China Certificate Treasury Bond Collection Certificate". In addition, there is a formal certificate for purchase over the counter, which can be hung up on suspicion and loss, and the redemption is withdrawn during the issuance period, with interest from the date of purchase, corresponding to the maturity date, and the interest is calculated in stages, and the principal and interest are repaid at the maturity of a lump sum, which only supports purchase over the counter.

Electronic Treasury Bonds and Certificate Treasury Bonds

1.The interest payment method is different.

Certificate-type treasury bonds are a one-time repayment of principal and interest at maturity. There are various ways to pay interest on treasury bonds in electronic bookkeeping, including varieties that pay interest on an annual basis and varieties that benefit from principal payment.

2.The target of issuance is different.

The issuance of certificate-type treasury bonds is mainly for individuals, and institutions can also subscribe for them. The issuance of treasury bonds for electronic bookkeeping is limited to individuals, and institutions are not allowed to purchase or hold them.

3. The value date is different.

Even if you buy a bond on the 10th of this month, the value date may be on the 15th of this month; On the other hand, the value date of certificate treasury bonds is calculated from the date of purchase.

Electronic treasury bonds are aimed at individual investors, the subscription object is limited to domestic Chinese citizens, not issued to institutional investors, and at the same time set up a single account purchase limit, in addition, electronic treasury bonds are non-negotiable RMB bonds that record claims electronically, without formal certificates, and are redeemed after the issuance period, with a fixed value date and maturity date, and the interest is deducted from the redemption and paid annually. Certificate treasury bonds: refers to the treasury bonds sold by the Ministry of Finance to the public through various underwriting agencies in the form of "certificate treasury bonds of the People's Republic of China".

In addition, there is an official certificate purchased at the main desk of the counter, which can be reported as lost, and the redemption is made during the issuance period, the interest is calculated from the date of purchase, the corresponding maturity date, the interest is calculated in stages, and the principal and interest are repaid in a lump sum at maturity, which only supports the purchase over the counter.

Electronic treasury bonds and certificate treasury bonds are two different forms of treasury bonds, and they have the following main differences: purchase method: electronic treasury bonds need to open a personal treasury bond custody account, and specify the corresponding fund account (bank card or passbook) to record claims in the form of electronic bookkeeping; Certificate treasury bonds do not need to open an account, and the bank shall present the certificate treasury bond receipt to the customer as proof of creditor's rights record12.

The interest of electronic treasury bonds is calculated from the date of issuance; The interest on certificate treasury bonds is calculated from the date of purchase124. Interest payment method: Electronic treasury bonds are paid according to the interest payment method specified in the issuance documents, and the interest is generally paid once a year or semi-annually. Certificate-type treasury bonds are generally repaid at the coupon rate after maturity12.

Redemption method: After the maturity of electronic treasury bonds, the principal and interest will be automatically transferred to the capital account, and the dust will be paid and the current interest will be enjoyed; After the maturity of the certificate treasury bonds, investors need to go to the bank branch to redeem them, and no interest will be accrued after the deadline12. Issued to:

Electronic treasury bonds can only be purchased by individuals; Certificated Treasury bonds can be purchased by both individuals and institutions12. In general, electronic treasury bonds and certificate treasury bonds have their own advantages and disadvantages, and investors can choose products suitable for themselves according to their own capital status, risk appetite, return expectations and other factors. If you would like more information about the Treasury Bonds, you can visit the Ministry of Finance** or ask a bank staff.

1. The purchase procedures are different: electronic treasury bonds require users to open a treasury bond account to purchase, while voucher treasury bonds can be purchased directly by going to bank business outlets with cash, and there is no need to open a treasury bond account.

2. The interest payment method is different: the certificate treasury bond is a one-time repayment of principal and interest at maturity, and the electronic treasury bond is an annual interest payment and the principal is paid in the last year.

3. Different redemption methods: In terms of interest calculation and payment of treasury bonds, after the maturity of paper voucher treasury bonds, investors need to go to the outlets of underwriting institutions to handle the redemption matters, and no interest will be charged if they are overdue. After the maturity of the treasury bonds in electronic bookkeeping, users can complete the redemption through the "Treasury Bond Redemption" in the online banking, and no interest will be charged after the deadline.

4. The way of recording bonds is different: voucher treasury bonds record claims in the form of paper receipt vouchers, and electronic treasury bonds record claims in the form of electronic records.

5. Different issuance objects: the issuance objects of certificate treasury bonds are mainly individuals, and institutions can also subscribe to them; The issuance of treasury bonds for electronic bookkeeping is limited to individuals, and institutions are not allowed to purchase or hold them.

Relatively speaking, electronic treasury bonds eliminate the trouble of investors to keep paper credit certificates, and the security is higher; On the other hand, electronic treasury bonds are rolled over with annual interest payments, and from the perspective of compound interest, the total return of electronic treasury bonds is higher at the same interest rate. However, for the elderly people, electronic treasury bonds are not suitable for this group, and there are still physical certificate treasury bonds that are more suitable.