Name
Third party depository
Introduction
The third party depository for customers' settlement fund (herein after referred to as "third party depository") refers to the business that the A-shares investors are offered a self-help service for fund transfer, on the basis of the system interconnection between Bank of China and the security company, which put into execution the real-time capital transfer fixed between the customer's bank settlement account and security margin account. Bank of China and the security company provide inquiry services through their own approach separately.
Target Customers
A-shares security investors.
Service mode
Customers may transact transfer and enquiry business either through telephone banking, online banking or self-help terminals (certain regions), or through the approach that the security company offers.
Process
Bank of China provides various choices for opening a account, such as opening a pre-designated account and opening an account in bank bilaterally (suitable for certain security companies), which are subject to the different security companies. Hereunder are the processes of opening a pre-designated account. Please consult local outlets of Bank of China and the security company for details.
First, customers shall open a shareholder card and a security fund account in a security company, and go through the formalities for the appointment of a certain bank
Then make an application for opening the third party depository, and sign an agreement on service.
To ensure normal transactions between Bank of China and the security company, customers are required to hold or open a new Great Wall electronic debit card and apply for telephone banking services, and for those who conduct transactions through Online banking are requested to apply for Online banking services in advance.
Kind Reminder
When going through the formalities, customers have to take with them the valid identification and security fund account. Please consult the security company and local outlets of Bank of China in advance.
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