The three parties are investors, brokers and banks. "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. Under the third-party depository mode, XX Securities Company no longer provides customers with access services for transaction settlement funds, but is only responsible for customer securities trading, share management and clearing and settlement. The depository bank is responsible for managing the customer's transaction settlement fund management account and the customer's transaction settlement fund summary account, providing customers with transaction settlement fund access services, and providing settlement support for XX Securities Company to complete the enterprise fund settlement between the registered settlement company and the foreign exchange receiver. Generally speaking, it can also be considered that the bank is responsible for the transfer of clearing funds between the investor's special deposit account and the brokerage bank settlement account. In other words, the liquidation and settlement procedures of securities companies are transferred to banks, which complete them on their behalf. Service features: 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; What are the similarities and differences between FAQ 1 "third-party depository business" and traditional transfer methods? Poor: 1. Customer deposits are managed by banks rather than brokers in the past; 2. Investors' deposits and withdrawals must be made through third-party depository bank-securities transfer, and the counters of securities companies no longer accept cash deposits and withdrawals and bank-securities transfer; 3. Customers can handle deposit and withdrawal through telephone banking and online banking of Shanghai Pudong Development Bank, self-service entrustment and telephone entrustment of brokerage business department. Similarity: the securities trading operation of customers remains unchanged. 2. If the original customer uses the debit card of Shanghai Pudong Development Bank to open the bank-securities transfer business and successfully switches to the third-party depository mode, will it affect the securities transaction if the customer has no time to sign up for the third-party depository? A: For the original customers who have successfully converted to the third-party depository mode, the securities trading of their existing stock depository will not be affected, but the customers need to sign a tripartite agreement for third-party depository at the account opening business department within the specified time limit. For customers who fail to sign the agreement within the time limit, the business department has the right to suspend the function of "transferring securities to banks", prohibit them from transferring custody or canceling designated transactions until the agreement is signed. The time and time limit for signing the above agreement shall be announced separately by the business department. 3. If the original customer has only opened the bank-securities transfer business of other banks or has never opened the bank-securities transfer business before, but the business department has put it on the third-party depository system of Shanghai Pudong Development Bank, will it affect the securities trading if the customer has no time to sign the third-party depository? A: Securities trading that does not affect the existing stock margin of the original customer. However, because the customer has not confirmed the signing of the third-party depository, it is impossible to deposit or withdraw the deposit directly. Before depositing and withdrawing deposits for the first time, you must go to the account opening business department and the designated outlets of Shanghai Pudong Development Bank to confirm the signing of the third-party depository. 4. Can the deposit and withdrawal methods such as "non-third-party depository bank-securities transfer" still be used? A: After the implementation of "third-party depository", the "non-third-party depository bank-securities transfer" business originally opened by customers in banks will all stop. Customers can use the "third-party depository" business of Shanghai Pudong Development Bank to access deposits only after they successfully switch to the third-party depository mode of Shanghai Pudong Development Bank or go through the signing confirmation procedures of Shanghai Pudong Development Bank. 5. Can customers choose multiple banks as depository banks at the same time? A: No, customers can only choose one bank as the depository bank, but customers can change the depository bank at any time. Chinese mainland started to implement it in June 2007.