1. Depository institutions that provide basic asset collection, management, creation and information services for standardized bills are held by commercial banks or securities companies familiar with bill and bond market business. That is, banks and brokers can open tender tickets.
2. Bill brokerage institutions refer to financial institutions entrusted by depository institutions to collect basic assets.
3. Therefore, as long as financial institutions are familiar with the bill business, they can assume this role, which is a very good product approach for trust companies, financial leasing companies and financial companies in transition. Especially for trust companies, the upper law of management measures includes People's Republic of China (PRC) Trust Law, which can be said to have unique advantages.
Second, what should depository institutions do:
1. According to the Administrative Measures, the responsibility boundaries of depository institutions and bill brokerage institutions for examining the authenticity, legality and effectiveness of basic assets are defined, which can be determined by both parties through consultation. Legally speaking, the first responsible person should be the depository institution. In other words, the depository institution can collect the underlying assets by itself or through the bill brokerage institution, that is, the holder can directly conduct business with the depository institution's bank or brokerage firm.
2. Moreover, according to the Administrative Measures, the depository institution, as the trustee of investors in standardized bills, is the nominal holder of standardized bills, and only with the assistance of the depository institution can it make corresponding recourse. Depository institutions have the responsibility to assist in recourse, which is conducive to protecting the legitimate rights and interests of investors. Depository institutions shall, in accordance with the provisions of laws and regulations and the depository agreement, complete the registration, custody, information disclosure, assistance in redemption and recourse of each standardized bill, and urge the original holders, acceptors, underwriters and other relevant institutions to fulfill their obligations stipulated in laws and regulations and the depository agreement.
3. Specifically, it includes:
1) Set basic bills and create beneficiary vouchers;
2) establish an account for the subsidy voucher;
3) urge the owner to endorse the bill to himself;
4) Find someone to buy beneficiary certificates or cooperate with underwriters;
5) Let investors transfer money to their own accounts;
6) Net financing for holders.