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216。 certificate Tbonds216。 savings bondsOther types of treasure bonds216。 Special bond216。 Longterm treasury bonds for construction issuerInvestorcharacteristicbookentry treasure bondsA. Stock Exchangebetween the bank and stock exchange market A. personalB To bank and nonbank financial institutions(1)can be report loss, safety (2)can be transfer in the market (3)have many kinds (3) use the puter to issue (5) has a little riskcertificate Tbondsministry of financeUrban and rural residents individuals and all kinds of investorsFixed value and interest rate, riskfree, purchasing it easilysavings bondsministry of financeChinese citizen(1) for individual investors, it’s not for institutional investors (2)the realname system not negotiable transfer (3)use electronically creditor39。s rights to record 4) ine stability and Exemption interest tax (5)encouraged hold expires (6) procedures simplified (7)it has a variety of payment of interest(二)、Financial bondsDefinition:The financial bonds is to banks and other financial institutions as a funding body for the purpose of raising funds for a personal issue securities, it is a certificate of debt, creditor relations. The bond mitments contracted rate of interest on a regular basis at the statutory procedures for the issuance, payment of interest due on the repayment of principal. It belongs to the liabilities of banks and other financial institutions to take the initiative.The main issue: banks and nonbank financial institutions.Category: A、Classification by way of interest Basis: according to whether the provisions in the terms of the bond issue to pay interest to the bondholders agreed period, divided into:Discount bonds (discount bonds)。Interestbearing bonds。 Coupon cumulative bonds。B、Classified by the nature of guarantees Secured bonds。 divided into mortgagebacked securities,unsecured bond.C、Classification by morphology of bondsRationale: According to the bond coupon surface morphology can be divided into Physical debentures。 uncertificated bond。Bookentry bonds.Similarities and differences between stocks and bonds: A、Differences: a. Different rights。b. Different purpose。c. different maturities。d. Different ine。e. different risks B、The same: a. Securities。b. the means of financing。c. Yield mutual influence Financial bond credit rating: Divided into: AAA, AA, A, BBB, BB, B, CCC grade, CC Grade C and Grade D(三)、Corporate bondsDefinition: