129742938955625000_321Participate in short has been sluggish private product innovation in the market in one direction, in short the restrictions before release, some private equity is attempting to use the Sun umbrella trust model in disguise "by" lines, breaking the current trust 20% short the limit on the amount of product to fully hedge. It was learned that Shanghai sunshine of a size of more than 2 billion private equityStructure is related to product design, cooperation in targeting the next stock index futures may be awarded two trust companies participate in qualifications, both trust style hip, and have the umbrella of trust into the secondary market. Last July, the CBRC issued the trust involved in stock index futures trading Guide, provides for a short amount of trust products 20%.
Before the guidelines issued, there are styles of more radical trust companies issuing trust products of fully hedging, but after the guidelines issued, 20% short line has become a high-voltage line cannot be exceeded. A private equity products designers said to reporters
tera power leveling, "umbrella trust is a trust of mother-child models, one for trust securities trust accountAnd corresponding virtual accounts child trust, a trust can be set up more than one child under trust, corresponding to each child trust is a private equity consultant. Suppose a parent trust has under 5 child trust, trust all of the 20% short line can give one trusts products, thus achieving the single trust 100% short, while the other 4 children trust productsNo short lines. Through this distribution mode, short lines does not need to short the trust focused on a child trust, so as to meet the needs of private wants to fully hedge the Sun. "This design pattern, also have private expressed more interest in, but there is more trust companies, such as stock index futures are eligible to be granted after consideration, because the supply side, participation costs are reduced。 One industry source said, "such patterns reflect the flexibility of the trust
tera power leveling, but a different child trust investment consulting management product is raised, size ranges may eventually lead to uneven distribution, operation high is a difficult issue to be considered. "At the end of November last year, Warburg trust trust company first stock index futures trading business awardBut Warburg trust umbrella-TOT products into fixed-income area
diablo 3 gold, did not participate in the sunny private, internal people according to Warburg, largely for compliance with caution taking into account. Currently has a number of trust companies with an umbrella-type model of trust product, but in addition to the Warburg trust trust company is not involved in futures trading qualifications. Employees in the pressMany people understood that easing the rhythm should be other trust companies participated in the stock index futures trading qualifications awarded, and then 20% short the limits on the amount released.
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