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What is frozen funds? What parts does it consist of?
Freezing funds refers to the funds frozen from pending purchase orders and unsettled pre deducted financing interest during the trading process. The frozen funds will occupy a portion of the account's purchasing power.
Components of frozen funds:
1) Withholding fees incurred after the completion of the transaction
At present, the trading fees of Hong Kong stocks have not been frozen immediately during trading, and will be withheld and frozen in the future.
2) Financing costs incurred during the transaction process
If the customer uses financing, the financing interest generated will accumulate in the frozen funds.
The financing interest will be deducted from the account at the beginning of each month, and the frozen funds will be cleared at that time.
3) The amount of pending orders during the transaction process
When a customer trades, the amount of the pending purchase order is recorded in the frozen funds.
If a customer buys 100 shares of Tencent Holdings (00700) at a price of 450 yuan, a frozen amount of 45000 yuan will be generated before the order is executed. After the order is executed or cancelled, this frozen amount will be cleared.
4) Pre deducted subscription funds for new stock subscription
When customers subscribe to new shares, there will be frozen funds for the subscription of new shares. The frozen funds for new stock subscription will be frozen during the subscription period, and customers can modify or withdraw their subscription application; Deductions will be made on the day of subscription closure.
Components of frozen funds:
1) Withholding fees incurred after the completion of the transaction
At present, the trading fees of Hong Kong stocks have not been frozen immediately during trading, and will be withheld and frozen in the future.
2) Financing costs incurred during the transaction process
If the customer uses financing, the financing interest generated will accumulate in the frozen funds.
The financing interest will be deducted from the account at the beginning of each month, and the frozen funds will be cleared at that time.
3) The amount of pending orders during the transaction process
When a customer trades, the amount of the pending purchase order is recorded in the frozen funds.
If a customer buys 100 shares of Tencent Holdings (00700) at a price of 450 yuan, a frozen amount of 45000 yuan will be generated before the order is executed. After the order is executed or cancelled, this frozen amount will be cleared.
4) Pre deducted subscription funds for new stock subscription
When customers subscribe to new shares, there will be frozen funds for the subscription of new shares. The frozen funds for new stock subscription will be frozen during the subscription period, and customers can modify or withdraw their subscription application; Deductions will be made on the day of subscription closure.
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