Cash Bond Transaction
Cash bond transaction refers to the secondary market (or circulation market) transaction by which the transaction parties buy and sell a certain amount of bonds at the agreed price and make related payment within the specified settlement time.
Interbank cash bond market follows the principle of "net price transaction and full settlement".
The parties related to bond transactions shall be members of interbank bond market, and have signed the Pledged Repurchase Agreement in National Inter-bank Bond Market and / or the Buyout Repurchase Agreement in National Inter-bank Bond Market.
Bond transactions, in accordance with the rules of the interbank bond market, adopt the way of inquiries， including three steps -- independent quotation, formatted inquiry and transaction confirmation.