Fund Closing Issues? What does Fund T 2 Settlement mean?

1. Delivery is the settlement of funds between investors and merchants in the settlement process. Except for B shares, the Shanghai and Shenzhen stock exchanges implement the T+1 delivery system for listed transactions (A shares, **, bonds). The T+1 system means that the ** of the day cannot be sold on the same day, and the receipt and payment of funds and the delivery of ** can only be carried out on the next business day of the transaction date, and the cash cannot be withdrawn from the account on the same day.

2. Delivery method:

1) T+1 delivery: It means that after the transaction is concluded, the corresponding fund settlement and ** delivery will be completed on the next business day (T+1) of the transaction date. At present, China's A-shares, ** bonds, bonds, etc. adopt this settlement method.

2) T+3 delivery: At present, China implements T+3 delivery and delivery for B shares (RMB special **).

In order to ensure the smooth delivery of the expiring contract, it is required that the client's trading account must have sufficient margin for delivery at the time of delivery. Therefore, from the first five trading days of the last trading day, the range of 10% per trading day is adopted, and the increment is adopted on a daily basis.

The client holds a position on margin until the last trading day. This time area is called the Margin Call Period, or Delivery Period.

Note: Last trading day: The trading day on which the last allowed trading day of the delivery month contract is specified, which is the last trading day of each calendar month.

3) T+0 delivery: real-time trading is not the best matching transaction, as long as you want to trade, you will trade at the current price, there is no time limit, there is no passive situation of waiting for the transaction. There is no limit to the number of times on the same day, you don't have to wait until the next day, and you can operate continuously for a short time on the same day.

For delivery, **Exchange General Provisions:

Geely completed the acquisition of Volvo.

Geely completed the acquisition of Volvo.

1) Within the specified time on the delivery date, the buyer shall pay the price and the seller shall send ** to the liquidation department.

2) When the seller will deliver ** to the buyer, it means the corresponding transfer of rights.

3) The merchant shall not fail to deliver due to the customer's default.

4) When a merchant breaches its obligations, the exchange may designate another merchant to sell or buy on behalf of the exchange within a certain period of time before the delivery date. The difference incurred, as well as the broker's commission and other fees, shall be borne by the dealer who breaches the delivery obligation. If the transaction cannot be closed before the delivery date, the exchange shall select 3-5 people from the ** business as the evaluator to evaluate the ** as the basis for liquidation.

5) If the ** merchant violates the delivery obligation, the various other transactions that have been concluded but not yet delivered by the ** transaction can be settled by the ** exchange designating other ** merchants on its behalf.

6) The amount due to the ** merchant who breaches the delivery obligation can be offset by the ** exchange from its operating margin and its payable; If there is a balance after elimination, it will be repaid; If there is any shortfall, the exchange may recover from the defaulting business.

7) Before the case of breach of delivery obligation is concluded, the merchant shall not enter the exchange for trading, nor shall he accept the entrustment of the customer.

If you place an order on the same day (before **), it will automatically be priced at **.

Transactions, T+2 can be queried later.

There is no impact, the transaction is completed automatically.

You don't need to confirm it in person after subscribing, it is an automatic operation of the system, and you can check the share online two working days after subscribing.

The transaction will be automatically settled after the transaction is successful.

However, due to the possibility that the transaction may not be successful, you are reminded to confirm it.

The delivery time of the A-share index will affect the stock price, and the stock price will affect the size of the net value.

The delivery time of the A-share index has no effect on **.

The delivery time of the a** field index will not have any effect on the **.

The price is 1 yuan, but the net value is less than 1 yuan, which means that it is not a loss, or it may be due to the discount, so the net value of ** becomes lower.

Closed-end ** is listed on the exchange, and its trading ** is greatly affected by market supply and demand. When the market is undersupplied, the buying and selling of units may be higher than the net asset value per unit, at which point the investor's asset holdings will increase, i.e., a premium will be generated.

1) **Listed ** and warrants owned by **, subject to the **** of the centralized trading market on the calculation date; Unlisted ** and warrants are calculated by qualified accounting firms or asset appraisal agencies.

2) ** Bonds such as public bonds, corporate bonds, financial bonds, etc., which have been listed, shall be subject to the **** on the calculation date; If it is not listed, it will generally be subject to the face value plus the interest receivable at the time of calculation.

3)** Short-term notes owned are based on the purchase cost plus the interest receivable from the date of purchase to the calculation date.

4) If there is no **** or reference ** on the calculation date specified in clauses (1) and (2), the nearest **** or reference ** shall be substituted.

5) Cash and assets equivalent to cash, including deposits with other financial institutions.

If the net value is less than 1, it does not mean that the investor must be losing money, but there must be someone who is losing money.

For the hypothetical problem, simply put, it is to hold 1000 shares of a certain **, the net value is yuan, and the split is according to the ratio of 1:, the net value of ** becomes 1 yuan, the share becomes 1500, the total assets have not changed, and the share has increased.

When the **asset** invested, the net value is likely to be less than 1 yuan. At present, my country is **investment**, that is, **will invest money in the **market. From the perspective of the direction of investment, it is mainly based on ** and bonds.

In particular, it is a very risky investment product and will produce obvious ****. If you are investing in it, it is very common for it to be less than $1 when it lasts.

From a mathematical point of view, **Net Value = **Total Assets **Total Share Assumption**Total Assets = **Total Share. Then the net worth is 1. If the total assets, such as those driven, then the calculation will be less than 1.

Hypothetical question: First of all, there is only net value and cumulative net value, and there is no value. The usual initial issue price of a ** is 1 yuan, at the time of issuance, you subscribe is 1 yuan of net value, if the net value of the next day is, it means that the investor earned, if it is, it means that you lost if you bought it on the second day, if it is on the third day, it means that you also earned.

But for those who bought it on the first day, the whole still loses.

Cumulative net worth: It means that if the net value rises to the first share, the company will pay dividends to investors for each share, and the net value will become 1 at this time, but you get the income, so the cumulative net value is.

I don't know if I understand what I'm saying.

The net unit value of ** refers to the value actually represented by a certain **per share** share at a certain point in time. Net Share Value = Net Asset Value Total Shares. If the net value of ** at the time of your subscription is, the current net value of funds is, and the net value is less than 1, but the actual value of ** increases, your share is actually profitable.

Generally not so, first of all, this is **property, not **company property. Secondly, it is generally calculated that all the property profits and losses of ** are calculated, and the individual investors will not be said; For the whole, 1 yuan to the net value of the yuan, a loss of 90%, but as an individual investor, the yuan **, yuan sold, still earned.

Yes, but the first purchase is still at a loss. However, that 202 yuan should be the asset you said, not the profit of ** company.

It is the meaning of day + 2 the day after tomorrow.

T+2 day is only the confirmation time of **subscription, but the holding is calculated based on the subscription on the same day, that is to say, the currency you subscribe for today ** can enjoy the income from tomorrow, and you can also enjoy the income during the May Day period. It has nothing to do with the confirmation time on T+2 days.

t 2 is traded on the same day, and the confirmation will not be seen until two days later.

According to what you said, it should be based on the net value of the 21st**.

It is the 23rd, and the **t+2 delivery is the delivery of the next day of arrival. If it is a redemption, it will be paid on the second day of the redemption.

Hope you help.

Yes, the subscription price is based on the net value on the 21st.

1. What does it mean to do t.

The trading market model of A shares is T 1, to put it bluntly, if you **** today, then you can only sell it the next day.

When doing t, **carrying out t 0 trading operations, **on the same day** can be sold on the same day, investors use the rise and fall of the trading day to make the difference, **large** immediately follow up, and when it rises to a certain height, it will be resold immediately to earn the difference.

Let's say, 1000 shares of xx** I originally held yesterday, the market price is 10 yuan shares. This morning, I found this stock ** to yuan shares, and took this opportunity to ** 1,000 shares. When the time came to the afternoon, this ** suddenly had a large amplitude** to the yuan shares, and I immediately sold 1000 shares with this **, so I got the difference in the price of the yuan, which is the process of doing t.

It's not like any** can be used to make T! Normally, the ** with a large intraday amplitude space is suitable for doing t, for example, there is 5% amplitude space every day. If you don't know enough about a certain ** and are not sure, then click here directly, and there will be professional personnel to diagnose this aspect of ** and pick out the most suitable t**!

Free] Test your ** is it good?

Second, how to do t.

How should I do it? Generally, there are two ways: positive t and inverted t.

Positive t is to buy first and then sell, investors have been holding this**, investors**1000 shares**, and it is just when the opening of the day ** to the low point, will ** rush up after the commanding high point of 1000 shares pallet out, so that the total number of shares held is the same as before, can achieve the effect of t 0, and can earn the middle price difference.

And the inverted t is to sell first and then buy. When the investor's budget is not good, there will be a ** situation, so they sell a part of the ** at the high point, and then wait for the stock price to fall back, and then buy, the total amount can still remain the same, but they can get profits.

For example, investors have 2,000 shares of the stock, 10 yuan shares are the market of the stock in the morning, and feel that the market price of the stock will be adjusted immediately, so they sell 1,500 shares in their hands, and then wait until the ****** to the yuan, they can get more rich benefits from this **, and then **1,500 shares, which earns the difference in price.

At this time, some people will be puzzled, so when is the low point can be **, when is the high point can be sold, how to judge it?

In fact, if you want to judge the development trend of **, a buying and selling point capture artifact is enough, which will definitely help you not miss any opportunity, and you can get it by poking the link: [Intelligent AI Assist] One-click access to buying and selling opportunities.

It means that after you buy **. You will be able to trade in two days. That is, I bought it on the 1st. Only the 3rd can be traded. t+2

T+2 is the day after T: for example, if T-day is Monday, then T+2 is Wednesday, and T+0 is T-Day.

T+2 only means that the transaction record will be queried after T+2.

The transaction is calculated based on the net value of the unit on the day of the transaction, but the transaction implements the principle of unknown price, and the net value of the day can not be queried until the second day. That is to say, the net value you inquire on the trading day is the net value of the previous ** trading day, so the net value used in the trading day is generally the net value queried on the next working day.

**Application (subscription, redemption) from 0:00 to 15:00 on the trading day uses the **net value of the day; Applications for other time periods and non-trading days use the next ** trading day's ** equity.

Under normal circumstances, the subscription confirmation date of ** is T+2, and the subscription redemption application you submit on April 19 will be confirmed by ** company on April 23 or 24 (due to the week.

6. Sunday is a non-** trading day). After the subscription application is confirmed by the ** company, the ** share can be queried on T+2 day; After the redemption application is confirmed by the company, the redemption date is generally 7 days.

Question addendum: If you submit a subscription application for ** from 0:00 to 15:00 on Monday, the equity of the transaction will be calculated based on the Monday's equity; If you submit a subscription request after 15:00, the equity of the trade will be calculated based on Tuesday's equity.

Is the landlord mistaken, ** transaction is T+1 transaction, the popular saying is that you buy on today's trading day, you must sell on the next trading day, buy on the same day can not sell. In other words, if today's buy is recorded as T day, then you can't sell at the same time on T day, at least until T+1 day, T+2+3.

4...Of course, you can.

If other equity transactions and other T+2 and so on, the same is true, on T day is a day and on T+2 day, I remember that there is a detailed T+ day process for applying for new shares and additional issuance, payment and registration of shareholders, etc. Some people don't understand, it is recommended to refer to the latest version of "**Market Basics".