The total amount of AT1 (additional Tier 1 capital) bonds issued by Chinese investor Tia Lei Credit Suisse is 1.81 billion yuan.

(Reuters)_

[Reporter Wang Menglun/Taipei Report] According to the latest investigation released by the Financial Supervisory Commission today (23rd), Chinese investors stepped on Credit Suisse’s AT1 (Additional Tier 1 Capital) bonds. Among them, 77 financial management clients from 3 domestic banks invested 1.6 billion yuan, and six securities firms made entrusted investments of 210 million yuan for 103 investors, with a total of 1.81 billion yuan. Their holdings of Credit Suisse AT1 bonds will lose all their money and become wallpapers.

AT1 (Additional Tier 1) bonds are a type of CoCo bonds, which are subordinated bonds, which means that the order of repayment will be lower than that of ordinary bonds.

Due to the financial crisis of Credit Suisse, UBS took over the merger and acquisition, but the AT1 bonds issued by Credit Suisse will be written off to zero.

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Last week, the Financial Regulatory Commission announced the investigation, and the three financial industries (banking, insurance and securities) in my country did not directly hold Credit Suisse AT1 bonds; however, the outside world is still concerned about how many investors in my country hold or buy by themselves and unfortunately step on the thunder ?

According to the latest statistics released by the FSC, a total of about 180 customers (not registered accounts) invested in Credit Suisse AT1 bonds. Among them, 77 financial management customers from 5 banks purchased 1.6 billion yuan, and 103 investors from 7 brokerages purchased through a reply. The entrusted holding is 210 million yuan, accounting for only 0.03% of the overall re-entrusted inventory of 699.15 billion yuan.

In addition, in terms of funds, according to statistics, as of the end of February this year, the amount invested in Credit Suisse AT1 by "domestic investment credit funds" was 0 yuan; as for "overseas funds", there were 37 files. If the exposure risk is calculated according to the proportion of Chinese investment, the total amount is about 2.332 billion yuan.

Zhang Zimin, deputy director of the Securities and Futures Bureau, said that the proportion of AT1 bonds held by these 37 overseas funds did not exceed 1%, that is to say, the impact on the net value of the funds was very limited; , but so far, there have been no customer complaints.

In terms of banks, can they assist financial management clients who have stepped on thunder to file cross-sea complaints with Credit Suisse?

Lin Zhiji, deputy director of the Banking Bureau, said that this needs to be handled by the banks on the front line, including: inquiring about local laws and regulations, and seeking assistance, etc.; the Financial Supervisory Commission will also conduct follow-up inquiries to see if the banks had any sales mistakes at the beginning.

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