Caixin, October 7th news (special correspondent Wang Chen) The market is about to open, preparing in advance for bank-brokerage transfer operations to avoid the congestion situation on September 30th, has become an important work arrangement for all brokerages. In addition, submitting early night orders today is also the action of many brokerages.

The bank-brokerage transfer congestion on September 30th has prompted all brokerages to take early action today to meet the post-holiday customer demand for transfers. Many brokerages are actively negotiating with banks to open bank-brokerage transfer services earlier, fully demonstrating the differentiated service capabilities of putting customers first among all brokerages.

Normally, apart from some banks that provide 7*24 services, generally speaking, transfer services start at 8 or 9 o'clock. Obviously, most banks have started providing bank-brokerage transfer services at around 7:30 or 8 o'clock, to a certain extent avoiding the 'congestion' that occurs after the 9 o'clock surge in transfers.

It is worth noting that currently, relevant banks are all working to advance the bank-brokerage transfer timing, but there are still doubts about whether the operations can proceed smoothly at the agreed time.

Industry insiders believe that tomorrow will be the peak period for bank-brokerage transfers. Some industry insiders also optimistically estimate: savings deposits are really moving!

Several brokerages have notified clients: the transfer time for silver certificates on the 8th is advanced.

The bottleneck of silver certificate transfer appeared on September 30, sounding the alarm for brokerages. To meet the transfer needs of clients for tomorrow's market opening, several brokerages have informed clients that the transfer time for silver certificates will be advanced.

CITIC Securities has notified clients that Bank of China, CITIC Bank, CM Bank, SPD Bank, and other banks will start supporting three-party transfers (excluding credit) at 7:30 am on October 8; ABC Bank will start supporting three-party transfers (excluding credit) at 8:00 am. Compared to the usual starting service time at 9 o'clock, this early opening will effectively alleviate the pressure from the concentrated transfer demands of clients after the holiday.

GF Securities has also informed clients that to meet the post-holiday demand for silver certificate transfers, the company has contacted relevant banks to open the silver certificate business earlier, including Bank of China, ABC Bank, Bank of Communications, CM Bank, CITIC Bank, SPD Bank, Minsheng Bank, Everbright Bank, and Bank of Ningbo, confirming the early opening starting from 8:05.

China Merchants mentioned that the silver certificate transfer time with relevant banks, including Bank of China, Bank of Communications, and SPD Bank, has been advanced to 8:05. It is worth mentioning that CM Bank provides 24/7 silver certificate transfers to China Merchants Securities.

HTSC has also notified that to ease the transfer pressure after tomorrow's market opening, the company has contacted and confirmed with some banks that the regular three-party transfer time for tomorrow (October 8) can be temporarily advanced: Bank of Communications, Bank of China, CM Bank, Minsheng Bank, Everbright Bank, Ping An Bank will be advanced from the original 8:30 to 7:30; ABC Bank, Bank of Ningbo will be advanced from the original 8:30 to 8:00; CCB will be advanced from the original 8:30 to 8:12. On October 9, the regular three-party transfer time for the above banks will return to 8:30.

As reporters have learned, banks are also quite proactive. Several major banks today have advised brokerages in advance, saying, 'Your trading volume is large, we suggest that you sign in early on the morning of October 8, 【try to】、 【try to spread out】 sending the accumulated transfer transaction orders during the holiday as early as possible, and recommend doing so as early as 7:30-8:00 to avoid peak trading after 9:00. Thank you for your cooperation.'

Some brokerages support 24/7 silver certificate transfers.

Apart from the early bank-brokerage transfer time, according to reporters, some banks and brokerages have implemented 7*24-hour bank-brokerage transfer services, providing customers with more convenient transfer services, such as China Merchants Securities and China Merchants Bank, Ping An Securities and Ping An Bank, Huayuan Securities and China Merchants Bank, etc.

24/7 bank-brokerage transfer services require both bank systems and brokerage systems to have 24/7 operating capabilities and ensure system security and stability.

Ping An Securities proposes to support multiple banks for 7*24-hour bank-brokerage transfers. Currently supported depository banks include Ping An Bank, Postal Savings Bank of China, China Construction Bank Corporation, Industrial Bank, Bank of Ningbo, etc.

Banks are also joining in the fun with tweets, with Bank of Ningbo proposing to provide 7*24-hour bank-brokerage transfer services for cooperating brokerages.

Where does the pressure of bank-brokerage transfers lie?

"Generally speaking, the pressure of bank-brokerage transfers lies with the banks. The bottleneck in bank-broker transfers that appeared on September 30 was due to bank congestion, not the brokerages. The customer transfer demand is concentrated, resulting in excessive pressure on the bank system." A technical staff member of a brokerage firm revealed to reporters, "Brokerages are relatively quick in receiving and forwarding transfer instructions, the bottleneck mainly occurs at the bank-broker transfer and the bank's interface, which is handled by the bank."

Bank systems need to process transfer instructions from a large number of customers, and carry out fund transfers, data updates, and other operations. During peak trading hours, there is a huge volume of transfer requests, placing high demands on the bank system's processing capabilities.

Reporters have learned that in preparation for a large volume of bank-brokerage transfer instructions that may occur tomorrow, several major banks are actively contacting brokerages, hoping to open the bank-brokerage transfer interface early to avoid congestion and bottlenecks during trading hours. For transfer orders accumulated during holidays, brokerages are also advised to "try to do it as early as possible and as evenly as possible."

Open the interface in advance, open the bank-securities transfer service time in advance, try to disperse the transfer instructions, effectively disperse the transfer demand, alleviate the pressure on the bank system, and ensure the smooth progress of the transfer business.

The time of bank-securities transfer reflects the service capabilities of various brokerages.

Bank-securities transfer refers to the transfer of funds between a customer's bank account and securities account. The main technical implementation methods are:

Realization at the bank end: The bank system is connected to the brokerage system through a dedicated line to achieve fund transfers. Customers initiate transfer requests on the bank side, the bank system transfers funds to the brokerage system, and the brokerage system credits the customer's securities account.

Realization at the brokerage end: Customers initiate transfer requests on the brokerage side, the brokerage system sends the request to the bank system, and the bank system carries out fund transfers.

Smooth operation of both the bank side and the securities side is necessary for successful bank-securities transfers. Brokerages actively communicate with banks by opening bank-securities transfer service time in advance or supporting 24-hour transfers, reflecting the differentiation of brokerages in services. This differentiated service will enhance customer experience, increase customer stickiness, and is an effective way for brokerages to enhance their competitiveness.

Editor / jayden