Often every once in a while, banks will issue government bonds. Treasury bonds are very popular among the public because of their good credit and higher interest rates than savings. Let me introduce to you one type of Treasury bonds - bearer treasury bonds. If you have other legal questions, such as marriage and family legal consultation, you can get answers through free online legal consultation or online legal consultation on the Legal Savior Network.
National debt, also known as national public debt, is a creditor-debt relationship formed by a country raising funds from society based on its credit and in accordance with the general principles of debt. Treasury bonds are bonds issued by the state. They are a type of government bonds issued by the central government to raise fiscal funds. They are credit and debt certificates issued by the central government to investors and promise to pay interest within a certain period of time and repay the principal upon maturity. Because The issuer of treasury bonds is the state, so it has the highest credibility and is recognized as the safest investment tool.
From the perspective of bond form, the treasury bonds issued by our country can be divided into four types: certificate treasury bonds, bearer (physical) treasury bonds, bookkeeping treasury bonds and savings bonds.
Bearer treasury bonds are physical treasury bonds, which do not record the name of the creditor or the name of the company on the coupon, and are in the form of physical coupons (the issuance year, face amount, etc. are printed on the coupons) Content) Treasury bonds issued to record claims are also called physical bonds. It is the national bond with the longest history of issuance in our country.
When issued, the securities will be sold to the public through various bank savings outlets, the Treasury Bond Service Department of the financial department, and the business outlets of Treasury bond operating agencies. Investors can also use securities accounts to entrust securities. Operating institutions purchase on the stock exchange floor. Bearer treasury bonds begin to accrue interest from the date of issuance, are bearer, are not reported as lost, and can be listed and circulated. If you need to trade after the issuance period, you can directly go to the treasury bond operating institution to buy and sell at the price listed on the counter, or you can use your securities account to entrust a securities operating institution to buy and sell on the stock exchange.
The bearer treasury bonds are the treasury bonds with the longest history of issuance in our country. According to the classification of bond forms, the economic construction bonds issued by our country since the founding of the People's Republic of China in the 1950s and the treasury bonds issued since 1981 can essentially be classified as bearer treasury bonds. The face values of bearer treasury bonds issued over the years include 1 yuan, 5 yuan, 10 yuan, 100 yuan, 500 yuan, 1,000 yuan, 5,000 yuan, 10,000 yuan, etc.
The general characteristics of bearer treasury bonds are: they are anonymous, cannot be reported as lost, and can be listed and circulated. Because noIt is registered and does not report loss. It is not as safe as savings-type treasury bonds and book-entry treasury bonds, but the purchase procedure is simple. Since it can be listed and transferred, it has strong liquidity.
The principal and interest of bearer treasury bonds are paid in one lump sum upon maturity, and are issued to enterprises, government agencies, groups, troops, institutions and individuals. When bearer treasury bonds are issued, they are publicly sold to the public through various bank savings outlets, treasury bond service departments of financial departments, and treasury bond operating outlets. Investors can also use securities account entrustment operating institutions to purchase them on the stock exchange. The redemption of bearer treasury bonds shall be handled by banks, postal system savings outlets and fiscal treasury bond intermediaries; or redemption shall be carried out on-site at trading venues.
No comments yet. Say something...