Certificate T-bond is a main instrument whereby the bank issues T-bonds on behalf of the state, and the bank s business offices issue T-bond receipts to the depositors purchasing the T-bonds. The issued amount should be RMB100 at least or any integral multiples of RMB100 if larger but subject an upper limit of RMB500,000. Certificate T-bond is issued by year and issue, includes 2-year-term, 3-year-term and 5-year-term, and is a kind of registered securities, and the investors can handle loss-reporting procedures, redeem them in an intra-city bank, and withdraw the principal and interest at maturity or in advance by the receipts. Certificate T-bonds cannot be redeemed partially in advance, and a 2% commission of the redeemed principal will be charged for any advance redemption.
(2) Non-registered T-bond 来源:www.examda.com
Non-registered T-bond is unitedly printed by the Ministry of Finance of the State Council, has a fixed face value, generally including RMB100, RMB500, RMB1000 etc., and is a kind of unregistered securities, and the investors cannot handle loss-reporting procedures, but redeem the principal and interest at maturity or trade them on the market. Non-registered T-bond is issued by year and issue, includes 2-year-term, 3-year-term, and 5-year-term, can be redeemed at maturity at any a financial institution within the scope of the whole country, and is also an instrument whereby the state issues the T-bonds.