On June 1, card inspect can be released jointly with the Central Bank " about Internet of fund of market of farther normative currency the directive opinion of redemptive and sale, relevant service " (the following abbreviation " directive opinion " ) , carry odd-numbered days of T+0 of Internet money fund redemptively quickly show the forehead to spend limitation to be in 10 thousand yuan, the transition that a month gives out in the meantime settling time.
" directive opinion " be born, the fund company that involves relevant business, fund sells an orgnaization to act actively, accelerate advance business to rectify and reform. From June the middle ten days of a month rises, sale of fund company, tripartite and bank channel issue announcement in succession, will fast atone for is taken inside this week show the forehead to spend adjust it is 10 thousand yuan.
In time of past a week, the mobile phone that believes many people can receive similar information.
Have a short message:
Open App of conduct financial transactions to also can see:
These messages are reminding us: Fund of the money inside this week takes fast atone for show the forehead to spend adjust it is 10 thousand yuan.
What need points out is, at present many platform opened function of credit card reimbursement. Because the fast atone for of goods radical is taken,show limit 10 thousand yuan affected function of credit card reimbursement, this business is adjusted after beginning, partial fund company chose to shut credit card function of real time reimbursement, partial tripartite sold platform to undertake adjustment to this function.
The fast atone for that for instance fine seed fund adjusts goods radical this is taken show limit while, shut function of credit card reimbursement. According to announcement of fine seed fund, investor has bound decided credit card instant reimbursement business, will stop automatically at rising at 19 o'clock on June 28, 2018, the company will provide a service no longer, ask investor to make good reimbursement arrangement ahead of schedule.
Adjust this invest and take influence part user to monetary fund show a habit. Public data shows, the end of the year is full 2017 monetary fund holder door number is adjacent 700 million, among them great majority is Internet client. Besides user of treasure of 470 million remaining sum, total number of fund of other Internet money also has 200 million much. Wind data shows, up to this year first quarter end, monetary fund dimensions is climbed litre to 8 trillion, relatively range of growth of the end of the year was 2017 12% , monetary fund dimensions is occupied in fair collect fund arrived than also promoting 64.68% .
Financial orgnaization sends announcement in busy move
Small make up notice, the treasure of day great remaining sum with afterwards the largest scale announces to show the forehead spend at beginning to will be taken quickly on June 6 adjust after be 10 thousand yuan, the middle ten days of a month rose in June, sale of company of great majority fund, tripartite and bank channel in succession announcement will adjust fast atone for to take the limit that shows the forehead to spend at was being controlled on June 28.
Fund respect:
Be versed in silver-colored luck believes fund announcement, rose to sell T+0 of fund of platform currency market continuously to company fund at 15 o'clock from June 27, 2018 the forehead of fast and redemptive business is spent undertake adjustment, applicable fund includes to be versed in silver-colored luck believes monetary market fund, work Yin Ruixin of fund of market of currency of express of Yin Ruixin cash, labour flexibly A of fund of market of currency of pay of A of monetary market fund and labour Yin Ruixin.
Fund of an ancient name for China shows the forehead to spend at was being taken of fund of the money below announcement banner quickly on June 13, rose on June 28, take what add cash reserve in a bank of an ancient name for China money of treasure of pay of A of money of treasure of fortune of benefit money A/E, an ancient name for China, an ancient name for China to wait for 3 fund quickly show the forehead to spend adjust for single client, individual nature day, per unit area yield tastes limitation 10 thousand yuan, common and redemptive insusceptible.
The fund that start line of business is rise from June 27, 2018 (actual when the dot rose at 15 o'clock from June 26, 2018) , individual investor maintains some sheet in single foundation sale channel T+0 of odd-numbered days of monetary market fund is fast and redemptive carry upper limit of cash specified amount to adjust it is 10 thousand yuan (contain this number) .
Bank respect:
The bank that enrol business a few days ago also announcement says to will rise on July 1, will subordinate " Chao Chaoying " take quickly show the forehead to spend adjust it is 10 thousand yuan.
The Bank of China carried short message announcement on June 23, in in travel channel explain bought monetary fund is individual and natural forehead of fast atone for spends the accumulative total of day will rise at 15 o'clock from June 27 adjust it is 10 thousand yuan.
Respect of tripartite channel:
Every day fund on June 15 announcement, current treasure is taken quickly show the forehead to spend undertake adjustment stage by stage since June 19, take what will adjust treasure of the current that finish before July 1 quickly show limit.
Conduct financial transactions connects 22 days of evening to also issue announcement, rose at 0 o'clock from July 1, t+0 of fund of money of onefold sale channel is redemptive carry show business forehead to spend adjust it is 10 thousand yuan. If conduct financial transactions is connected,mix hold of pocket money conduct financial transactions is same a goods radical, t+0 is taken quickly show the forehead to spend odd-numbered days common 10 thousand yuan; If conduct financial transactions is connected,with hold of pocket money conduct financial transactions is different monetary fund, calculate respectively the forehead is spent.
According to Chinese fund newspaper, although superintend policy already from many channel " wide and those who accuse " , but still a few users fail to get pertinent information actively. Public figure of department of market of some large fund company expresses Beijing, this inferior goods base of new rule carry out, the bank sell goods on a commission basis the pressure that channel gets is greater, they want to explain actively to the client, especially orgnaization client, t+0 is restricted atone for is opposite 10 thousand yuan the impact of this part client is very big. As we have learned, the customer service branch of many orgnaizations already prepared " technical speech " answer a client to oppugn.
Be in so on June 1, the Central Bank and card inspect can be released jointly " the directive opinion about redemptive and sale of Internet of fund of market of farther normative currency, relevant service " (the following abbreviation " directive opinion " ) , according to directive opinion, individual investor maintains some sheet in individual sale channel monetary market fund is individual and natural of day " T+0 is redemptive carry show professional work " carry set of cash specified amount not prep above 10 thousand yuan upper limit. New begin " T+0 is redemptive carry show professional work " ought to according to before narrate a requirement to carry out, since July 1, 2018, to putting an amount " T+0 is redemptive carry show professional work " , relevant orgnaization ought to finish a standard to rectify and reform according to the requirement.
This is meant since July 1, all sheet monetary fund odd-numbered days is carried those who show on the forehead is 10 thousand yuan.
Cite a case, an investor hold fund of some currency market 50 thousand yuan, and this product offers T+0 fast and redemptive carry show professional work, if need redemptive 5000 yuan (10 thousand yuan the following) , criterion investor can choose to arrive that day already Zhang, day trades to arrive below optional also choose Zhang; If need redemptive 25 thousand yuan (10 thousand yuan of above) , redemptive money is falling to trade commonly day arrives Zhang.
Limitation carries out time to have difference
According to conduct financial transactions not 2 oxen, from the announcement of afore-mentioned companies information still can notice, each time point that the home carries out is not quite same also, on June 26, 27 days, 28 days have different fund to begin limitation operation, because of this to investor character, if have demand of capital fast atone for, should notice to view next him hold but the monetary fund with redemptive T+0, when to begin norm, so that have financing arrangement as early as possible.
Compare at fund company of each plan abhorrent, business of a few certificate is to use sufficient the amortize of a month period, its are right receive fund company the cash conduct financial transactions of goods radical, unite directly come to will begin norm on July 1, accordingly, to if these are bought in certificate business medium of communication the investor of goods radical, with fund company sell platform to be able to differ somewhat again continuously, but differ namely by June finally between a few climate.
What need reminds is, this T+0 limitation also is of fund company not just goods radical product, the product of cash of a few T+0 with certificate him subordinate business also set limit of 10 thousand yuan fast atone for euqally, the plan that because this wants,borrows product of conduct financial transactions of certificate merchant cash reserve in a bank to enjoy more fast atone for also can give up basically.
Not only such, in these announcement, still allude in succession a bit: If raise the limit that shows amount to exceed company set quickly that day, what investor refers is fast carry will fail now. Some fund companies are direct clew more: "T+0 is redemptive carry now " the service defines Wu illegally, carry existence condition, can pause according to it.
To this bit, organic compose personage expresses:
"It is to have everyday total quota, specific nevertheless total quota is not very clear, basically depend on satisfying general requirement. Basically depend on satisfying general requirement..
T+0 redemptive business hides liquidity risk
Small make up understanding to arrive, be in " remaining sum treasure " before waiting for monetary market fund to roll out, explain buy, etc of fund of redemptive currency market is of all kinds and open type fund is general the mode according to T+2, namely explain buy, redemptive need 2 weekday to arrive Zhang, also having little share is T+0 mode, but the forehead spends limitation.
"Remaining sum treasure " after rolling out, by right of real time explain buy with redemptive investment advantage is become " one action delicacy takes a day " competitive edge tool. Will analyse from substantial overweight form and penetrable type perspective, redemptive business of so called T+0 is separator compose the means of mat endowment comes true, "Remaining sum treasure " etc monetary market fund is redemptive arrive in real time even to Zhang that day the backside of Zhang is fund company, sell goods on a commission basis the mat of the orgnaization endowment behavior. Current, for the most part mat endowment is own reserves, also partial bank sells goods on a commission basis to fund company, fund the orgnaization undertakes whole gives a letter, undertake pay for sb and expect to be repaid later to investor according to redemptive portion by its again.
According to certificate business China, theory calculates client day all 5% what redemptive quantity is dimensions of assets of monetary market fund, according to at present monetary market fund the dimensions of 8 trillion, overall mat endowment dimensions is as high as 400 billion yuan. In the meantime, the bank does not understand the credit of investor in mat endowment process, all did not arrive " the client that knows you " , " the business that knows you " wait for a requirement, just accept fund company passively, sell goods on a commission basis the mat of the orgnaization endowment instruction, then aggravate of relevant risk spread.
In the meantime, the bank provides mat endowment service, returned to business source. The personage inside course of study points out, the bank is had extend the aptitude of short-term, metaphase and long term loan, although " measure of trust company government " stipulated trust company can borrow money, but only confine is applied at management or punish is fiducial belongings when, only the bank has friend promising T+0 is redemptive provide the business intelligence that pays a service.
Day wind negotiable securities thinks, monetary fund grows motivation to basically come from at present medicinal powder door, and current and main superintendency pressure go up personally in orgnaization investor. To coming loose the likelihood with a the biggest impact is limitation T+0 is redemptive carry show and be restricted to buy, but be opposite actually for individual investor, want to have higher stable profit only, redemptive when it is T+0 or T+1 even T+2, do not have substaintial distinction. Large to exceeding goods base can enter other goods through receiving base drainage offsets this is affected, the may be an orgnaization a person of same business of main effect invests behavior. Monetary fund future still may maintain certain dimensions to grow, but continuously the circumstance of fast growth may come to an end.
