What happens if I don't accept the discount?

On December 25, Sichuan Trust announced the transfer plan for the beneficiary rights of individual investors. The rhetoric that once "whoever dares to mention discounts, discount his legs" has become empty talk, and the cold reality is in front of us.

Some investors inquired: What would happen if we did not accept the discount and transfer plan provided by Sichuan Trust? Today, people in the trust circle will briefly talk about this topic.

There are two scenarios: (1) the majority of investors do not accept the discount plan, and (2) the majority of investors accept the discount plan.

If the majority of people do not accept the plan, it means that the current round of Sichuan Trust's plan to resolve risks has failed and is unpopular with the people; Will Sichuan Trust be bankrupt and liquidated because of this? It is possible, but I don't think it will be, Sichuan Trust is arranged by ZF to be stationed by the control team, in order to resolve historical risks.

What if the majority of people accepted the discount, and only a few people didn't?

In this case, Sichuan Trust will be treated in exactly the same way as New Era Trust. (1) Pay the transfer money on time and proportionally, and most investors leave the market at a discount; (2) According to the underlying investment direction announced in the management report after the thunderstorm, the funds that have been returned to the escrow account will be cashed; (3) If the underlying amount is insufficient, the investors will voluntarily admit the responsibility or take legal channels to demand full compensation from the trust company.

After most people accept the discount, the transfer of the beneficiary rights of the trust is completed, and the restructuring party has to pay the discount with real money. The restructuring party wants to cash out, and the funds lying on the Sichuan Trust custody account begin to be distributed, and the only "legal and compliant" distribution method is to distribute the underlying investment direction announced in the interim management report of each trust plan in June 2020. Different trust plans have different funds, some are paid in full, and some are lost.

For investors who have paid in full, the penalty interest after the funds are returned from the borrower cannot be recovered, and the maximum amount is paid according to the current interest of the bank. Because Sichuan Trust was taken over, it was the decision of the control group to stop the payment, and the trust funds lying in the supervision account could not generate income. For example, if the principal and interest of a TOT product of Sichuan Trust were fully recovered in October 2020, but because of the overall thunderstorm of Sichuan Trust and the payment was stopped by the regulatory authorities, the funds have been lying in the custody account and cannot be distributed, then the interest will only be calculated until October 2020, and the next 3 years will be calculated according to the current interest of the bank at most.

Investors who cannot pay in full can either admit defeat or wait for the trust company to notify them of the second signing (if there is a second contract, the investors who do not sign the AX Trust can sign the contract again after receiving the notice), or take legal means to claim that the trust company compensates the principal and interest in full. This is "marketization, rule of law", the end of marketization, the rule of law debut.

Everyone knows that there is a case in which Minsheng Trust has a judgment: the trust company and the major shareholder fully compensate the principal and interest and penalty interest of the investor, and this case has certain reference significance for the super-large investors of Sichuan Trust. However, it is also necessary to distinguish the difference between the two cases: Minsheng Trust never announced the underlying investment direction during the trial process, while Sichuan Trust announced the underlying investment direction as early as after the thunderstorm, and the investment direction of different products is different. In this regard, many investors do not recognize the underlying investment, believing that it is the underlying assets of the trust company colluding with the JG department to strengthen security after the thunderstorm, that is, the "anti-bottom" in the early WQ process. This kind of opinion is perfectly fine to shout slogans at WQ, but it is untenable to take legal routes. If you still hold this view, it is recommended to accept the discount and leave the market early and stop the loss in time. By the way: just because you don't have bank statements doesn't mean you don't.

If the investor sues, the focus of the case will be whether Sichuan Trust violated laws and regulations in its management, and whether there is a direct causal relationship between the violation of laws and regulations and investment losses. The facts of Sichuan Trust's violations of laws and regulations have been announced by the regulatory authorities on March 12, 2021, with a total of 13 articles, see below.

Investors must prove that the subscribed trust plan complies with one or more of the 13 violations of laws and regulations, and the content of violations and violations of laws and regulations is different for different trust plans, which must return to the underlying investment direction. Article 13 violations of laws and regulations are combined penalties for all projects, and the "anti-bottom faction" does not belong to any of the 13 articles, and if the "anti-bottom faction" wins the lawsuit, the 13 penalties will be invalidated, of course, it is impossible.

If the investor has certain evidence and sues Sichuan Trust for full compensation, it will not win the lawsuit, because natural person investors are not allowed to win the lawsuit. If the investor wins the lawsuit and receives full compensation, not only will the details of the trust company's violations of laws and regulations be made public, but it will also have a chain reaction, causing other investors to follow suit, and even arousing public anger among investors who have already discounted and left the market. At this time, there is a high probability that a settlement will be reached out of court and a confidentiality agreement will be signed, which is the reason why all the natural person investors of XX Trust have withdrawn their lawsuits. It is not known what the specific settlement plan will be.

If the discount is not accepted, the above will be the possible trend, and only represents the personal views of the trust insiders. Investors should make a prudent choice based on their own circumstances and the circumstances of the subscribed project.

.data_color_scheme_dark{--weui-ORANGERED: #ff6146;--weui-BG-0: #111;--weui-BG-1: #1e1e1e;--weui-BG-2: #191919;--weui-BG-3: #202020;--weui-BG-4: #404040;--weui-BG-5: #2c2c2c;--weui-FG-0: rgba(255, 255, 255, .8);--weui-FG-HALF: rgba(255, 255, 255, .6);--weui-FG-1: rgba(255, 255, 255, .5);--weui-FG-2: rgba(255, 255, 255, .3);--weui-FG-3: rgba(255, 255, 255, .1);--weui-FG-4: rgba(255, 255, 255, .15);--weui-FG-5: rgba(255, 255, 255, 255, .1);--weui-RED: #fa5151;--weui-REDORANGE: #ff6146;--weui-ORANGE: #c87d2f;;--weui-YELLOW: #cc9c00;--weui-GREEN: #74a800;--weui-LIGHTGREEN: #3eb575;--weui-FIRE: #07c160;--weui-BLUE: #10aeff;--weui-INDIGO: #1196ff;--weui-PURPLE: #8183ff;--weui-WHITE: rgba(255, 255, 255, .8);--weui-LINK: #7d90a9;--weui-TEXTGREEN: #259c5c;--weui-FG: #fff;--weui-BG: #000;--weui-TAG-TEXT-RED: rgba(250, 81, 81, .6);--weui-TAG-BACKGROUND-RED: rgba(250, 81, 81, .1);--weui-TAG-TEXT-ORANGE: rgba(250, 157, 59, .6);--weui-TAG-BACKGROUND-ORANGE: rgba(250, 157, 59, .1);--weui-TAG-TEXT-GREEN: rgba(6, 174, 86, .6);--weui-TAG-BACKGROUND-GREEN: rgba(6, 174, 86, .1);--weui-TAG-TEXT-BLUE: rgba(16, 174, 255, .6);--weui-TAG-BACKGROUND-BLUE: rgba(16, 174, 255, .1);--weui-TAG-TEXT-BLACK: rgba(255, 255, 255, .5);--weui-TAG-BACKGROUND-BLACK: rgba(255, 255, 255, .05)}.data_color_scheme_dark{--weui-BTN-ACTIVE-MASK: rgba(255, 255, 255, 255, .1)}.data_color_scheme_dark{--weui-BTN-DEFAULT-ACTIVE-BG: rgba(255, 255, 255, .126)}.data_color_scheme_dark{--weui-DIALOG-LINE-COLOR: rgba(255, 255, 255, .1)}.data_color_scheme_dark{--weui-BG-COLOR-ACTIVE: #373737}.data_color_scheme_dark{--weui-BG-6: rgba(255, 255, 255, .1);--weui-ACTIVE-MASK: rgba(255, 255, 255, .1)}.rich_media_content{color:#000000e5; font-size:17px; font-size:var(--articleFontsize); overflow:hidden; text-align:justify}.rich_media_content{color:#ffffffa6; color:var(--weui-FG-HALF)}.rich_media_content{position:relative; z-index:0}.wxw-img{vertical-align:bottom}*{margin:0; padding:0}.rich_media_content *{max-width:100%!important; box-sizing:border-box!important;-webkit-box-sizing:border-box!important; word-wrap:break-word!important}body,.wx-root,page{--weui-BTN-HEIGHT: 48;--weui-BTN-HEIGHT-MEDIUM: 40;--weui-BTNN-HEIGHT -HEIGHT-SMALL: 32}body,.wx-root{--weui-FG-1: rgba(0, 0, 0, .55);--weui-ORANGERED: #ff6146;--weui-BG-0: #ededed;--weui-BG-1: #f7f7f7;--weui-BG-2: #fff;--weui-BG-3: #f7f7f7;--weui-BG-4: #4c4c4c;--weui-BG-5: #fff;--weui-FG-0: rgba(0, 0, 0, .9);--weui-FG-HALF: rgba(0, 0, .9);--weui-FG-1: rgba(0, 0, 0, .5);--weui-FG-2: rgba(0, 0, 0, 0, .3);--weui-FG-3: rgba(0, 0, 0, .1);--weui-FG-4: rgba(0, 0, 0, .15);--weui-FG-5: rgba(0, 0, 0, .. 05);--weui-RED: #fa5151;--weui-REDORANGE: #ff6146;--weui-ORANGE: #fa9d3b;--weui-YELLOW: #ffc300;--weui-GREEN: #91d300;--weui-LIGHTGREEN: #95ec69;--weui-FIRE: #07c160;--weui-BLUE: #10aeff;--weui-INDIGO: #1485ee;--weui-PURPLE: #6467f0;--weui-WHITE: #fff;--weui-LINK: #576b95;--weui-TEXTGREEN: #06ae56;--weui-FG: #000;--weui-BG: #fff;--weui-TAG-TEXT-RED: rgba(250, 81, 81, .6);-- weui-TAG-BACKGROUND-RED: rgba(250, 81, 81, .1);--weui-TAG-TEXT-ORANGE: #fa9d3b;--weui-TAG-BACKGROUND-ORANGE: rgba(250, 157, 59, .1);--weui-TAG-TEXT-GREEN: #06ae56;--weui-TAG-BACKGROUND-GREEN: rgba(6, 174, 86, .1);--weui-TAG-TEXT-BLUE: #10aeff;--weui-TAG-BACKGROUND-BLUE: rgba(16, 174, 255, .1);--weui-TAG-TEXT-BLACK: rgba(0, 0, 0, .5);--weui-TAG-BACKGROUND-BLACK: rgba(0, 0, 0, .05)}body,.wx-root{--weui-BG-6: rgba(0, 0, 0, .05);--weui-ACTIVE-MASK: rgba(0, 0, 0, .05)}@media screen and ( min-width:1024px){body:not(.pages_skin_pc){background:#191919; background:var(--weui-BG-2)}}@media(prefers-color-scheme:dark){body:not([data-weui-theme=light]).my_comment_empty_data{background-color:#111}}.wx-root,body{--weui-BTN-ACTIVE-MASK: rgba(0, 0, 0, .1)}.wx-root,body{--weui-BTN-DEFAULT-ACTIVE-BG: #e6e6e6}.wx-root,body{--weui-DIALOG-LINE-COLOR: rgba(0, 0, 0, .1)}.wx-root,body{--weui-BG-COLOR-ACTIVE: #ececec}@media(prefers-color-scheme:dark){.wx-root:not([data-weui-theme=light]),body:not([data-weui-theme=light]){-- appmsgExtra-BG: #121212}}@media(prefers-color-scheme:dark){.wx-root:not([data-weui-theme=light]),body:not([data-weui-theme=light]){--weui-ORANGERED: #ff6146;--weui-BG-0: #111;--weui-BG-1: #1e1e1e;--weui-BG-2: #191919;--weui-BG-3: #202020;--weui-BG-4: #404040;--weui-BG-5: #2c2c2c;--weui-FG-0: rgba(255, 255, 255, .8);--weui-FG-HALF: rgba(255, 255, 255, .6);--weui-FG-1: rgba(255, 255, 255, .5);--weui-FG-2: rgba(255, 255, 255, .3);--weui-FG-3: rgba(255, 255, 255, .1);--weui-FG-4: rgba(255, 255, 255, .15);--weui-FG-5: rgba(255, 255, 255, .. 1);--weui-RED: #fa5151;--weui-REDORANGE: #ff6146;--weui-ORANGE: #c87d2f;--weui-YELLOW: #cc9c00;--weui-GREEN: #74a800;--weui-LIGHTGREEN: #3eb575;--weui-FIRE: #07c160;--weui-BLUE: #10aeff;--weui-INDIGO: #1196ff;--weui-PURPLE: #8183ff;--weui-WHITE: rgba(255, 255, 255, .8);--weui-LINK: #7d90a9;--weui-TEXTGREEN: #259c5c;--weui-FG: #fff;--weui-BG: #000;--weui-TAG-TEXT-RED: rgba(250, 81, 81, .6);-- weui-TAG-BACKGROUND-RED: rgba(250, 81, 81, .1);--weui-TAG-TEXT-ORANGE: rgba(250, 157, 59, .1) 6);--weui-TAG-BACKGROUND-ORANGE: rgba(250, 157, 59, .1);--weui-TAG-TEXT-GREEN: rgba(6, 174, 86, .6);--weui-TAG-BACKGROUND-GREEN: rgba(6, 174, 86, .1);--weui-TAG-TEXT-BLUE: rgba(16, 174, 255, .6);--weui-TAG-BACKGROUND-BLUE: rgba(16, 174, 255, .1);--weui-TAG-TEXT-BLACK: rgba(255, 255, 255, .5);--weui-TAG-BACKGROUND-BLACK: rgba(255, 255, 255, .05)}}@media(prefers-color-scheme: dark){..wx-root:not([data-weui-theme=light]),body:not([data-weui-theme=light]){--weui-BTN-ACTIVE-MASK: rgba(255, 255, 255, .1)}}@media(prefers-color-scheme:dark){.wx-root:not([data-weui-theme=light]),body:not([data-weui-theme=light]){--weui-BTN-DEFAULT-ACTIVE-BG: rgba(255, 255, 255, .126)}}@media(prefers-color-scheme:dark){.wx-root:not([data-weui-theme=light]),body:not([data-weui-theme=light]){-weui-DIALOG-LINE-COLOR: rgba(255, 255, 255, .1)}}@media( prefers-color-scheme:dark){.wx-root:not([data-weui-theme=light]),body:not([data-weui-theme=light]){-APPMSGCARD-BG: #1E1E1E}}@media(prefers-color-scheme:dark){.wx-root:not([data-weui-theme=light]),body:not([data-weui-theme=light]){--APPMSGCARD-LINE-BG: rgba(255, 255, 255, .07)}}@media(prefers-color-scheme:dark){.wx-root:not([data-weui-theme=light]),body:not([data-weui-theme=light]){--weui-BG-COLOR-ACTIVE: #373737}}@media(prefers-color-scheme:dark){. wx-root:not([data-weui-theme=light]),body:not([data-weui-theme=light]){--weui-BG-6: rgba(255, 255, 255, .1);--weui-ACTIVE-MASK: rgba(255, 255, 255, .1)}}@media(prefers-color-scheme:dark){.wx-root:not([data-weui-theme=light]),body:not([data-weui-theme=light]){--discussInput-BG: rgba(255, 255, 255, .03)}}@media(prefers-color-scheme:dark){.wx-root:not([data-weui-theme=light]),body:not([data-weui-theme=light]){--nickName-FG: #959595}}.rich_media_content p{clear: both; min-height:1em}td p{margin:0; padding:0}@media(prefers-color-scheme:dark){body:not([data-weui-theme=light]) .rich_media_content img:not(.wx_img_placeholder){filter:brightness(.8)}}@media screen and (min-width:1024px){body:not(.pages_skin_pc) :root{--appmsgPageGap: 20px}}:root{--articleFontsize: 17px}:root{--sab: env(safe-area-input-bottom)}:root{--wxBorderAvatarRatio: 3}:root{--discussPageGap: 20px}:root{--appmsgPageGap: 20px}

div.autoTypeSetting24psection > p,div.autoTypeSetting24psection > section{margin-bottom: 24px;}