Trap a: exaggerated rate of return
Weekly financial reporters in the number of banks operating rooms are found on the advertisements are quite attractive rate of return financial products. According to the CASS Institute of Finance on financial products in 2006 statistics, more than half the expected rate of return financial products have exaggerated the suspect. Financial weekly in the last one
A commercial bank insiders have to admit there: because of similar products that improve the peer-expected rate of return, also had to modify to change the original internal rate of return expected to compete for customers.
Trap II: risk warning is ignored
Weekly financial reporter found that some banks and financial advisors sales staff to sell products, often overlooked risk warning.
Recently, the financial weekly newspaper reporter interviewed some of the banking hall to see an old lady playing in the subscription of new shares of a bank a financial product, said: This product is good, the last to buy less. Bank sales staff in a warm greeting Yes ah, the last time you bought less, too bad. After starting as soon as the formalities for the old lady to do, nothing about the potential risks.
In addition, some financial products difficult to understand instructions using professional words, investors are not fully understood. For example, three years later, if the company is not bankrupt, the return of principal to pay earnings according to the actual situation. In fact, once the company goes bankrupt, investors may lose everything.
Financial weekly newspaper reporter suggested that investors buy financial products, we must take the initiative to ask whether the product is guaranteed, and the investment risk.
Trap three: the exchange rate risk
Of foreign exchange financing products, the trap may be more difficult for investors to realize.
Example, a bank of a financial product with a certain rate of return is linked to the scope of foreign exchange fluctuations, the first day of each quarter, if the euro/dollar exchange rate in the range 1.2-1.225, there is 1.5% profits distributed to investors; if not in this range, zero profit for the quarter. Investors, in choosing a product linked with exchange rate fluctuations, they should try to select a range of great value products.
In addition, investors should be aware that when the product expires, usually converted into RMB. RMB appreciation factor, making investors facing losses will increase. Moreover, the longer the period of financial products, the greater the potential losses.
Trap IV: common customers are likely to become victims of priority interests of its clients
Some financial products, which will be in the design and the general level priority customers. Under certain circumstances, ordinary investors can not share equally in profits.
Shenzhen Development Bank
someone told financial weekly newspaper reporter, pointing to the types of products, customer, these customers are likely to be priority customers. In addition, some agencies often become priority clients.
Revenue priority customers will be protected. China Merchants Bank Retail Banking someone told financial weekly newspaper reporter: 10 China Merchants Bank IPO subscription period, have hit shares of products, the estimated annual yield of 5% or more. If you exceed this rate of return, priority customers can also enjoy 10% of the proceeds. If the yield did not reach, not part of the ordinary by the customer.
Example, if shares of a dozen products, the annual return rate of 20%, priority commitment to customers than to get banks to 5% of revenue, and the remaining 15% of the proceeds, he can then get 10 of them %, or 1.5% of the total rate of return, so doing, priority customers are able to get a 6.5% annual real rate of return.
Investor, regardless of the product has no points clear priorities and the general level, it is likely to become a priority customer and the bank’s interests victim.
related to hot words: Financial Products trap
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