The registration, custody and settlement of book-entry treasury bonds of commercial banks shall be implemented in accordance with the Measures for the Administration of Book-entry Treasury Bonds Transactions of Commercial Banks. Article 3 The bond registration, custody and settlement business shall follow the principles of safety and high efficiency, and adopt a unified national operation and management mode. Article 4 The People's Bank of China shall supervise and manage the bond registration, custody and settlement institutions and the bond registration, custody and settlement business in the inter-bank bond market according to law. Chapter II Bond Registration, Custody and Settlement Institutions Article 5 The bond registration, custody and settlement institutions mentioned in these Measures refer to legal persons specializing in bond registration, custody and settlement in the inter-bank bond market.
China Securities Depository and Clearing Co., Ltd. is a bond registration and clearing institution designated by the People's Bank of China. Article 6 A bond registration, custody and settlement institution shall undertake the functions of centralized registration, primary custody and settlement of bonds. The counter transaction undertaking bank approved by the People's Bank of China undertakes the second-level custody function of the counter book-entry treasury bonds of commercial banks. Article 7 A bond registration, custody and settlement institution shall perform the following duties in the bond registration, custody and settlement business:
(1) Establishing and managing bond accounts;
(2) Registration of bonds.
(3) bond custody;
(4) bond settlement.
(5) Acting as an agent to pay the principal and interest of bonds and related income funds;
(6) General custody of cross-market transactions and circulating bonds;
(7) Providing management services for bonds and other pledges;
(8) Acting as an agent for bondholders to exercise bond rights to bond issuers according to law;
(9) Providing information, inquiry, consultation and training services related to bond registration, custody and settlement according to law;
(ten) to supervise the second-tier custody business of the counter trading undertaking bank;
(eleven) other functions stipulated by the people's Bank of China. Article 8 A bond registration, custody and settlement institution shall take the following measures to ensure the normal development of its business:
(1) Having a special bond registration, custody and settlement system and equipment, and strengthening technical means to ensure data security;
(two) the establishment of system failure emergency handling mechanism and disaster backup mechanism;
(3) Improve corporate governance, establish and improve internal control mechanism and risk management system, and conduct internal audit and inspection on registration, custody and settlement on a regular basis.
(4) Formulating business rules and operating procedures related to bond registration, custody and settlement, and strengthening the management of key positions. Article 9 A bond registration, custody and settlement institution shall report the following matters to the People's Bank of China for approval:
(a) to formulate and amend the articles of association, merger, merger, reorganization, division and other major issues;
(2) Formulation and revision of internal control system, risk management system, business rules and emergency plans;
(three) to carry out new business and change the business model of registration, custody and settlement;
(four) to carry out business cooperation with other domestic and foreign market intermediaries on bond registration, custody and settlement;
(5) Other matters required by the People's Bank of China. Article 10 A bond registration, custody and settlement institution shall report the following matters to the People's Bank of China for the record:
(a) to formulate and modify the medium and long-term business development plan;
(2) Changes in senior management personnel;
(3) Other matters required by the People's Bank of China. Article 11 A bond registration, custody and settlement institution shall properly keep the original vouchers, bond accounting data and other relevant documents and materials for at least 20 years after the maturity of bonds. Article 12 A bond registration, custody and settlement institution may, according to the needs of business development, compile and regularly publish relevant information on bond registration, custody and settlement. The bond registration, custody and settlement institution shall provide the above information to other organizations and individuals in accordance with the relevant provisions of the People's Bank of China. Article 13 A bond registration, custody and settlement institution shall have the obligation to keep confidential the data and materials related to the bond registration, custody and settlement of the bondholders, but in any of the following circumstances, it shall be dealt with according to law:
(1) The bondholders inquire about their own bond accounting information;
(two) the trustee holds the written entrustment of the bondholders to inquire about the relevant bond accounting information;
(3) People's courts, people's procuratorates, public security organs, etc. Inquire and collect evidence in accordance with legal procedures and conditions;
(4) Other circumstances stipulated by laws and regulations.
Bond registration, custody and settlement institutions shall facilitate bondholders to obtain their bond account records in a timely manner. Article 14 A bond registration, custody and settlement institution shall disclose the charging items and standards related to the bond registration, custody and settlement business.
When formulating or adjusting the charging items and standards, the bond registration, custody and settlement institutions shall fully solicit the opinions of the China Association of Interbank Market Dealers (hereinafter referred to as the Association of Dealers), bond issuers and bondholders, and report the solicited opinions to the People's Bank of China.