How to cancel the binding repayment of Suzhou Housing Provident Fund

According to the relevant information query, it shows: bank branches.

1. If you want to terminate the contract for monthly hedging of housing provident fund in Suzhou, you can directly apply to the bank to stop the provident fund hedging loan repayment business. If you have set up the provident fund of yourself and your spouse to be used for hedging repayment, you need to go together with your spouse. Suzhou bank branches handle the cancellation business.

2. If the user later wants to apply for provident fund monthly hedging business, he or she needs to stop hedging and repaying the loan for one year before applying to the mortgage bank. If the monthly provident fund offset is turned off, where will the funds be deducted next month?

The provident fund offset loan can be canceled. The borrower can apply to the bank to terminate the provident fund offset loan business at any time. However, borrowers need to understand that if the borrower wants to resume the provident fund offset loan business again, he must stop the provident fund offset loan business for one year before he is eligible to apply for the provident fund offset loan business from the handling bank.

If we want to cancel the provident fund monthly hedging, we can directly apply to the bank to stop the provident fund hedging loan repayment business. If the provident fund of both myself and my spouse is set up to be used for hedging repayment, I and my spouse need to do it together. Go to a bank branch to cancel the business. When canceling the hedging, we need to prepare these documents: housing provident fund account ID, marriage relationship certificate, household registration book, and the borrower's one-time loan repayment voucher.

Generally speaking, provident fund hedging is relatively easy to cancel, as long as the user submits the application. However, if we still want to handle provident fund monthly hedging business in the future, we need to stop hedging and repay the loan for one year before applying to the company. When applying for a mortgage bank, you need to pay attention to this.

Provident fund hedging repayment is to transfer the provident fund account balance to the bank loan repayment card, and then the bank will deduct the loan to recover the loan. There are currently two methods of monthly hedging and one-time repayment: monthly Hedging means transferring the monthly payment from the provident fund account every month for repayment. When the limit is insufficient, the money must be transferred to the loan card and the bank will deduct the money; one-time loan offset means transferring all the money in the provident fund account. To the loan repayment card, the bank will deduct the corresponding principal in one go and then repay the loan every month. Will withdrawing provident funds while on the job affect work? What happens after the monthly provident fund hedging is terminated?

Users withdrawing provident funds while employed will not affect work. Users can freely withdraw the balance in their provident fund account. Regardless of whether the withdrawal is successful or not, it will not affect the user's personal credit report, daily work and life. Even because the user is employed. To cancel the provident fund monthly hedging contract, you can apply directly to the bank to stop the provident fund hedging loan repayment business. If you have set up that both your own and your spouse's provident funds will be used for hedging repayment, you and your spouse need to go to the bank branch together to handle the cancellation business. If the user later wants to handle the provident fund monthly hedging business, how can he cancel the provident fund monthly hedging on his mobile phone?

Log in to the provident fund mobile app.

Then find the business management, find the hedging business in the business column, follow the prompts, and cancel the hedging business.

It should be noted that this business cannot be restored to you at any time after cancellation. If you want to resume the hedging business again, you need to wait more than 12 months after the cancellation.

Hedging is a financial term that refers to an investment that is designed to reduce the risk of another investment. It is a way to reduce business risks while still making a profit on your investments. Generally, hedging is to conduct two transactions at the same time that are related to the market, opposite in direction, of equal quantity, and with profits and losses offsetting. Market correlation means that the market supply and demand relationship that affects the price of two commodities is identical. If the supply and demand relationship changes, it will affect the prices of the two commodities at the same time, and the direction of price changes is generally the same. Opposite direction means that the buying and selling directions of two transactions are opposite, so that no matter which direction the price changes, one will always make a profit and the other will lose. Of course, in order to balance profits and losses, the quantities of the two transactions must be determined according to the magnitude of their respective price changes, and the quantities should generally be equal.

Hedging is the most common in the foreign exchange market, focusing on avoiding the risks of single-line trading. The so-called single-line trading means that if you are optimistic about a certain currency, you will go short (or short position), and if you are negative about a certain currency, you will go short (short position). If the judgment is correct, the profits will naturally be large; but if the judgment is wrong, the losses will also be very large[1].

The so-called hedging settlement means that after traders open a position in the futures market, most of them do not end the transaction through delivery (that is, delivery of spot goods), but through hedging. After buying to open a position, you can release the performance obligation by selling the same futures contract; after selling to open a position, you can release the performance obligation by buying the same futures contract. Hedging settlement eliminates the need for investors to end futures transactions through delivery, thereby improving the liquidity of the futures market

The reason for this is that the world's foreign exchange market uses US dollars as the unit of calculation. The rise and fall of all foreign currencies are relative to the US dollar. When the U.S. dollar is strong, foreign currencies are weak; when foreign currencies are strong, the U.S. dollar is weak. The rise and fall of the U.S. dollar affects the rise and fall of all foreign currencies. Therefore, if you are optimistic about a currency, but want to reduce risks, you need to sell a bearish currency at the same time. Buy a strong currency and sell a weak currency. If the estimate is correct and the US dollar is weak, the strong currency you buy will rise; even if the estimate is wrong and the US dollar is strong, the currency you buy will not fall too much. The weak currency that has been shorted has fallen heavily, resulting in a small loss and a large profit. Overall, it is still profitable.