2. Trust loan. According to the provisions of the Trust Law and the Measures for the Administration of Trust and Investment Companies, an enterprise can borrow money from another enterprise in the form of trust loan as the principal. The object of the trust loan is decided by the trustee, and the client cares about the income, not the object of the loan.
3 entrusted loans refer to loans provided by clients (including government departments, enterprises and institutions, other economic organizations and individuals, etc.). ), as well as the loan object, purpose, amount, term, interest rate, etc. Issued by financial institutions, supervise the use and assist in recycling. Financial institutions only charge handling fees, and the risks are entirely borne by the clients.
4. The dual mode of natural person, that is, the lender first lends the funds to the individual (usually the borrower's major shareholder or a trusted third party), and then the individual lends the funds to the enterprise that actually uses the funds, and the enterprise provides joint guarantee for the individual to the enterprise that lends the funds, or provides guarantees such as mortgage and pledge. If the individual can't repay the loan, the lender will recover from the individual borrower and ask the guarantee enterprise to assume the guarantee responsibility.
5. hypothecated loan model, which is a model combined with bank loans, that is, the proposed lender does not actually lend himself, but obtains the certificate of deposit from the bank deposit, and takes the certificate of deposit as the pledge guarantee for the borrowing enterprise to apply for a loan from the bank.
Three principles of margin financing and securities lending
1. naked short selling
Naked short selling means that the short seller does not own shares or borrow shares, but only needs to pay a certain margin, borrow shares within the specified time of T+3 and deliver them to the buyer. This form of short selling is called naked short selling. If the short seller fails to borrow shares on the settlement date and deliver them to the buyer on time, it is called delivery failure, but delivery failure is not illegal. Even if the delivery fails, the transaction will continue until the delivery is completed.
2. Promotion rules
The rising rule, also known as rising short selling, means that the price of short selling must be higher than the latest trading price. This rule was originally designed to prevent short selling in the financial crisis from causing a sharp drop. China's declaration rules: "The declaration price of securities lending shall not be lower than the transaction price of the securities; If there is no transaction on that day, the declared price shall not be lower than the previous closing price. The declaration below the above price is invalid. "Therefore, in the initial stage of implementing margin financing and securities lending, China's securities market will strictly implement the step-by-step reporting rules to regulate the behavior of short sellers.
3. Margin rules
Credit guarantee includes initial minimum guarantee and maintenance guarantee. When an investor opens a securities credit trading account, he must deposit an initial deposit. The purpose of setting up maintenance margin is to prevent the credit risk that the underlying stock of credit transaction may cause to securities firms due to market price changes.