Bank depository means that the bank manages funds and the platform manages transactions, separating funds from transactions, and the platform cannot directly contact funds to avoid direct misappropriation of customer funds.
In the third-party depository mode, the services provided by the depository bank include: managing the customer transaction settlement fund management account, managing the customer transaction settlement fund summary account, and accessing the transaction settlement fund.
I. Introduction
"Third-party depository" means that the securities trading settlement funds of securities company customers are deposited by banks, and the depository banks are responsible for the deposit and withdrawal of customers' funds and the delivery of funds according to the requirements of laws and regulations, and the securities trading business remains unchanged. This business follows the principle of "securities management by brokers and funds management by banks", that is, securities management by brokers and funds management by banks, and investors' securities accounts and securities margin accounts are strictly managed separately.
Second, the service characteristics
1. Convenient account opening: after a customer opens an account with a brokerage firm, telephone banking or online banking will activate itself;
2. Flexible transfer: the online banking transfer is clear at a glance, and the telephone banking and brokerage channels can choose multiple free transfers;
3. Timely information: the information of our securities channel is rich and timely, and online banking provides real-time market inquiry;
4. Safety of funds: funds are supervised by banks, and investment is more assured.
References:
Baidu encyclopedia bank depository