Merchants Bank 1 billion financial products default downtown uproar.
Small yellow people carefully read the news, probably mean:
A private client, took 20 million in 13 years to subscribe for a private placement of its own private sector, managed by the well-known private fund. Then, because of the underlying asset problem of the fund's investment, not only interest but also principal can not be withdrawn now. So this customer quit.
According to this buddy, the bank account manager had promised to keep the principal and interest at an expected annualized return of 11% -13%. However, no one can take any evidence, when both sides put the mouth guns.
If this matter is raised to the political height of "breaking the money" after the new regulations have been drafted, it can not be said that the buddies can only crack their teeth.
However, we first stabilize, because this is not an ordinary bank financing.
First, the fund is a private bank's financial products, the threshold is 10 million. Can only say that poverty saved us.
Second, the underlying assets of fund products are private equity investments, not ordinary fixed income and bank financing.
On the "private equity investment" of these six words, ass can also know that belong to high-risk investment, but also no guarantee of interest and this said.
Thirdly, this product actually expired in September 16, but the life of the fund is "3 + 1". Due to the loss of some investment projects, the delay is one year.
The 3 + 1 structure means a three-year investment period and a one-year exit period. A fund manager who can not complete the liquidation within one year may, as the liquidator, decide to extend the liquidation period.
In other words, the fund's exit period is until September 2017, if the fund managers and investors by consensus to extend the liquidation period, it is not "default."
In short, Merchants Bank sales of this product and 99% of people nothing.But as an investor, in the choice of financial products must examine the underlying assets of the investment what.
If you do not identify the ability of underlying assets, then do not blindly hilarious.
Most people who buy money from banks are still trying to figure it out. Little yellow people teach you two ways to identify the bank's financial risk management.
First, the product is not a bank product.
Banks are also companies, in addition to self-employed products to help others sell products, said private equity funds are bank consignment.
The most obvious feature of consignment products is that the knock on the product contract is not the bank's chapter, but third-party agencies such as funds, trusts and insurance companies.
Second, whether it is a structural product.
Very simple to see the key words in the contract.
If the flow of funds is the interbank market, exchange market bonds, funds lending, trust plans, notes, etc., is unstructured.
If you write gold, stocks, foreign exchange, funds, commodities, indices, etc., it is structural.
To put it plainly most of the structural products bought equity assets, quick loss of money faster, more volatile earnings. Do not want to risk friends, choose non-structural products like.
Third, look at the product risk level.
In the product manual and contract, will use some simple symbols to divide the risk. In general, the risk from low to high is divided into five levels:
Prudential (R1), Robust (R2), Balance (R3), Aggressive (R4), Aggressive (R5).
For the pursuit of a steady friend, Xiao Huang suggested that you can buy R3 the following. R5 risk level how high, please refer to the beginning of the private equity funds.
This is a very simple matter that can be seen in a second.
Which bank's financial products yield the highest? Concerned: Financial 360 Financial Secretary (rong360licai), reply "Bank Finance" for the latest real-time list.