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2025H1多数上市国股行备付率较2024年提升(测算值)
2025H1多数上市国股行备付率较2024年提升(测算值)
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所属报告:
【开源证券】银行行业深度报告:存款偏离与指标问题对当前司库策略的影响-251204(26页).pdf
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平头寸(补齐流动性缺口)是第一要务,司库管理的第一目标是保障资金来源与运用上的匹配。在缺口管理上体现为两种形式:当期缺口和预期缺口。当期缺口指日间流动性缺口,主要是当日全行走回款形成的头寸差额。总行需根据经营机构通过资金管理系统报备的每日走回款情况,对全行当日资金余缺进行调剂。这对系统建设和分支行层面的监测考核都有很高的要求。如果分支行的头寸预报与实际情况偏差较大,将对司库的资金使用形成干扰。有的银行日间头寸波动较大,因此其流动性策略相对保守,需确保账上有足够的备用金。但由于冗余资金运用的回报率并不高(趴账在央行仅有 0.35%的利率),从重视效益追求精细化管理的角度,也有银行愿意适度将备付水平保持低一些。
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【开源证券】银行行业深度报告:存款偏离与指标问题对当前司库策略的影响-251204(26页).pdf
2026年存款偏离与司库策略行业报告:26万亿高息定存到期,流动性风险与司库策略分析
【开源证券】银行行业深度报告:存款偏离与指标问题对当前司库策略的影响-251204
根据我们测算,2026H1上市银行到期2Y以上高息定存规模为26万亿元
净稳定资金比例(NSFR)分母——所需稳定资金系数
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