Step 1: Meet qualified investors.
First of all, you should be a chosen son! According to the Measures for the Administration of Appropriateness of Securities and Futures Investors and the Measures for the Administration of OTC Options Business of Securities Companies, investors' participation in OTC options needs to meet the requirements of qualified investors!
1, participation of legal institutions (532 standard):
A: The net assets at the end of the latest year are not less than 50 million yuan.
B: The financial assets at the end of the latest year are not less than 20 million c: the investment experience is more than 3 years (securities, funds, futures, gold, foreign exchange and other related investment experiences).
2, product participation (552 standards):
A: The scale of financial assets managed by the manager at the end of the last year is not less than 500 million yuan, and the manager has more than 2 years of management experience.
B: The product scale is not less than 50 million, and it cannot be a structured product.
C: If a single investor owns more than 20% of the products, it must meet the basic standards of professional investors in the Measures for the Administration of the Suitability of Securities and Futures Investors, with financial assets of not less than 20 million at the end of the latest year and investment experience of more than 3 years.
Step 2: sign the OTC SAC agreement.
What is OTC SAC protocol? Why should I sign the OTC SAC agreement?
SAC Agreement: The full name of China Securities and Futures Market OTC Derivatives Trading Agreement is a standard contract text used by both parties in financial derivatives trading of securities companies. The content of the contract involves many agreements reached by both parties in a series of financial derivatives transactions. It mainly includes the definition of a single agreement, default events and termination events and their handling, termination net settlement and other related contents.
Signing an OTC SAC agreement is an agreement that qualified investors must sign before participating in OTC options! Only if you sign this agreement can you get the right to continue to participate in OTC derivatives trading within the specified time! Otherwise, the name is not right!
Step 3: Sign SAC agreement and master advanced investment tools.
1. It is completely free to sign the SAC agreement. As long as qualified investors meet the above requirements, they can sign agreements with OTC traders at zero cost (the right to buy OTC options from traders), and the number of contracted companies is not exclusive! And as we all know, there are actually primary dealers and secondary dealers outside the market, each of which may have different prices in different structures. The more contracts we sign, the greater our information advantage and the more choices we have!
2. Realization of OTC option structure The terms of many individual customized OTC options can be changed flexibly. Signing the OTC SAC agreement means that the targets and options we participate in can be customized one-to-one, so that traders can really customize them for you.
For example, the bids of many snowballs in the market are 100%, 103% and so on. If you want to bid 106%, you can customize it with the trader!
3. The fastest and most timely inquiry and quotation service. When you sign SAC agreement with traders, you will become their qualified counterparty. Every day, you can get the quotation of OTC options such as vanilla snowball, and you can also quickly query the quotation through the congruence terminal.
Tips: The contracted buyer can inquire at the congruent terminal and the contracted SAC.
4. Trading is flexible and there is no trading threshold. Everyone knows that the intraday trading price changes rapidly, and the market may vary widely in just a few minutes! For example, the price of double eleven airport gross can be described as exciting. If you want to make a vanilla structure, you can enter the market flexibly at a certain price after signing the SAC agreement, and you can also achieve the current price! The sliding point is lower! At the same time, there is no minimum trading threshold for option trading, and you can also enter the market in batches at any time.
5. Flexibly adjust the margin and appropriately expand the leverage. As we all know, snowballs are basically full margin transactions. If you sign an OTC agreement, you can freely negotiate the margin rate with the dealer to realize the free adjustment of leverage (of course, you will face the pursuit of insurance, as explained in our previous article, please move? What is the underlying logic of raising margin for OTC derivatives investment? )
Ordinary classic snowball 100% margin, if we adjust it to 20% with traders, we can achieve five times leverage and greatly improve our capital use efficiency.
6. With the signing of SAC, you will get the innovative derivative structure of different traders (the trader is responsible for designing and playing new games, and you are responsible for using them), and at the same time enjoy the latest industry information and regular wealth exchange meetings of traders, not only updating your weapons but also providing you with the latest product descriptions.