融资融券业务手册（提高篇）一、融资融券知识介绍...............................................................................................................................3(一)融资交易与融券交易............................................................................................................................3(二)融资融券交易相关负债说明................................................................................................................3(三)关键知识与应用...................................................................................................................................41.保证金、折算率与保证金可用余额....................................................................................................42.融资保证金比例、融券保证金比例....................................................................................................43.维持担保比例、警戒线与平仓线........................................................................................................54.说明.......................................................................................................................................................6二、融资融券交易案例...............................................................................................................................6(一)账户开立及授信...................................................................................................................................6(二)信用交易...............................................................................................................................................6(三)追保通知...............................................................................................................................................7(四)客户补仓...............................................................................................................................................81.以追加现金或转入可充抵保证金证券的方式提高维持担保比例.....................................................82.以减少负债的方式提高维持担保比例，设需减少的负债金额为T,则需满足：.............................8(五)强制平仓...............................................................................................................................................8三、融资融券交易策略...............................................................................................................................9(一)杠杆趋势投资策略...............................................................................................................................91.做多杠杆投资.......................................................................................................................................92.做空杠杆投资.......................................................................................................................................9(二)套期保值策略.......................................................................................................................................91.对冲单只证券风险...............................................................................................................................92.对冲组合的风险..........................................................................................................................
