What are the third-party fund custody platforms?
1. What is third-party fund custody?
At present, third-party fund custody is divided into two categories, one is bank fund custody, and the other is third-party payment platform fund custody.
Bank fund custody refers to the P2P company directly handing over the collected funds to the bank for deposit, which is operated by the P2P company during the transaction.
Third-party payment platform fund custody refers to the payment company with relevant financial and payment licenses and strong technical ability to provide a complete set of fund custody system to access P2P websites. All funds are completed through the third-party payment platform from the beginning of the transaction process, and P2P companies cannot operate.
To sum up, because the funds of the third-party payment company are still supervised by the bank, and they have paid a huge margin, the ultimate supervisor is the bank in any form, and the difference lies in whether to provide corresponding technical support to prevent the P2P platform from operating the funds privately from the beginning of the investment process.
Second, how to tell whether the funds are really managed?
Bank fund custody requires P2P companies to sign a formal fund custody contract with banks, which can be publicized. Someone used to deposit a sum of money in the bank under the banner of fund custody. This is completely false, and some banks have come out to refute rumors. However, because banks can't check them one by one at any time, some people still miss the net. When investors see this kind of publicity, it is best to call the relevant bank directly for verification, which is the most reliable.
The third-party payment platform funds custody, P2P websites need to access a complete fund custody system. To put it simply, there is only one layer of skin left on the P2P website, only for information display, and the system behind it is all a third-party payment platform. From the authentication at the time of registration to the recharge, investment and cash withdrawal, you will jump to the website of the third-party payment platform and enter the corresponding mobile phone verification code to complete it. Therefore, before investing, investors can pass the registration and certification, and whether they need to jump to the third-party payment platform to distinguish whether it is real fund custody. Of course, it is also important to jump to the website of the third-party payment platform when the investment is recharged.
3. Will the fund custodian advance my investment? What are the benefits of fund custody?
No matter what kind of fund custody method, investors will never be promised in advance.
Bank fund custody is quite special, so I won't elaborate here. The fund custody of the third-party payment platform can effectively prevent the platform from misappropriating investors' funds privately from the operational level, isolate the funds from the parties, and ensure the safety of investors' funds from the operational level.
Fourth, besides fund custody, what else can be foolproof?
Through the above introduction, perhaps many smart investors have realized that fund custody has shielded the platform from misappropriating funds privately during the investment process. However, if the financing target is the related party of P2P platform, it is impossible for the fund custodian to check, so it can still be self-financing after accessing the fund custody.
Therefore, fund custody can effectively shield the risks at the operational level, but it needs to cooperate with the authenticity check of financing to fully play its role and ensure the safety of investors' funds to the greatest extent. The biggest risk of investment comes from the asymmetry of information.
In principle, the parties have no reason to conceal the information of the borrower and the collateral, including the borrower's detailed name, address, contact information and other important information such as the ownership of the collateral. However, some platforms start financing in the name of XX Bao, and don't even display project information, just call investors to invest. This kind of fund custody is totally unconvincing.
To sum up, don't blindly believe that companies with strong backgrounds and high interest rates have frequent accidents because they are blinded by some unnecessary propaganda. Therefore, we must look at the essence of the phenomenon, grasp the operation and flow of funds behind it, understand every move of our own funds, be responsible for ourselves, and be responsible for our own funds, so as to minimize investment risks!
Benefits of third-party fund custody
Third-party fund custody mostly appears in P2P online lending platform. The third-party fund custody of online lending platform effectively solves the problem that the platform misappropriates investors' funds at will, increases the operating cost of the platform, and objectively reduces the probability of the platform running away.
If the P2P platform does not establish a third-party fund custody mechanism, a large number of investors' funds will be deposited in the platform account. Without external supervision, there will be moral hazard of moving money or even absconding with money.
Independent account: completely independent of the platform account, realizing the separation of capital flow and information flow.
System guarantee: the escrow account system has been strictly examined by the dual regulatory agencies of payment enterprises and wealth management enterprises.
Risk protection: the "one-button shutdown" program ensures that the account funds will not be stolen.
Privacy protection: adopt financial-grade account security encryption technology to ensure the security of your account information to the greatest extent.
Settlement guarantee: T+ 1/T+0 settle accounts quickly and respond to users' needs quickly.
Capital guarantee: the bank supervises the whole process, and all the funds in and out of the account are supervised by the bank.