"The pledge of wealth management products has always been a relatively routine business of banks." Yin Yanmin, editor-in-chief of Rong 360 Data Research Institute, believes that Bank of Communications wealth management products have always had this business. With the gradual transfer of Bank of Communications wealth management products to Bank of Communications wealth management subsidiaries, the publicity and promotion of the pledge business of wealth management products can also be extended to the promotion channels of wealth management subsidiaries.
Is it cost-effective to buy loan wealth management products? At present, the expected annualized rate of return of bank wealth management products on the market is generally between 3.5% and 4%. Take the purchase of 6,543,800 yuan wealth management products as an example, assuming that the investment period is one year, the expected annualized rate of return is 3.5% and the investment income is 3,500 yuan. At the beginning of the product interest rate, if you get a loan of 80,000 yuan through the pledge of wealth management products, and then go to another bank to buy wealth management products with higher expected rate of return, the investment income will be about 3,200 yuan according to the expected annualized rate of return of 4% after one year.
The total revenue of the above two products is 6700 yuan. However, the actual income difference between the two products is only 300 yuan. In addition, the interest rate generated by the loan is not worth the loss, and it also bears the risk that the bank will recover the loan in advance because it violates the credit purpose. Therefore, product pledge and reinvestment arbitrage should not be adopted. Yin Min reminded that there is basically no arbitrage in the pledge business of wealth management products, but for investors who hold wealth management products, if the products are in a closed period and need funds, they can obtain liquidity through pledge, thus alleviating the urgent need for money.
After the non-net-worth wealth management products withdraw from the market, many market views believe that the value of net-worth wealth management products is uncertain, and whether there is certain risk in pledge remains to be considered. According to the report "Detailed Explanation of Bank Wealth Management Pledge Business" issued by United Intelligence Review, the pledge loan of wealth management products faces the risk that the pledge right stipulated in the pledge loan contract will eventually be rejected by the court due to imperfect legislation. Compliance risk of financial product pledge loan business process. In the process of payment of financial pledged loans, the payment method faces compliance risks.
According to the analysis of joint intelligence evaluation, banks should register pledged wealth management products as much as possible to prevent the above risks when conditions are met. At the same time, it is necessary to establish strict rules and operating procedures for bank identity verification, rather than just relying on signing written contracts and commitment agreements. When agreeing on the payment method in the loan contract signed with the borrower, we must pay special attention to whether the borrower's loan purpose and amount comply with the law. We should not only consider efficiency, but also stipulate in the format clause that the borrower can decide the withdrawal amount independently. At the same time, it is necessary to avoid circumventing this problem by issuing excessive loans many times.
Related Q&A: Related Q&A: Under what circumstances can the money for financial management not be used as collateral? At present, although there is no legal basis to explain whether wealth management products can be used as collateral, a few banks have started this business, such as Industrial and Commercial Bank of China, Bank of Communications, China CITIC Bank, Bank of Beijing and China Everbright Bank. Relevant banks carry out the pledge loan business of wealth management products, but commercial banks have the following characteristics in carrying out such business.
1. Generally, only the wealth management products sold by the Bank are pledged, and the wealth management products of other banks and third parties are held in a negative attitude. Compared with our own products and other wealth management products, there are many inconveniences in risk control, remittance arrangement, settlement and payment supervision. Therefore, we generally only accept our own wealth management products and do not accept non-bank wealth management products.
2. Strictly limit the range of pledged wealth management products, and generally give priority to wealth management products with stable investment and stable income. For example, capital preservation type and capital preservation floating income type wealth management products.
3. In terms of pledge publicity, we generally refer to the publicity methods of deposit certificate pledge or accounts receivable pledge. Some banks use delivery method, while others use registration method for pledge registration.
4. Take necessary measures to guarantee the priority of banks.
5. Reasonably set the pledge rate, loan amount and term. Generally, the pledge rate will be set by considering the risk types of wealth management products, investment targets and other factors, while wealth management pledge loans are generally short-term loans, and the maturity date of loans shall not exceed the maturity date of wealth management products.
Generally speaking, some commercial banks do have this business now, but there are many restrictions and considerations, and most of them only accept our wealth management products, so it is better to investigate and consult clearly.
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