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Settlement Agent for Securities Fund


SPDB has acquired:
  • A share settlement bank license in Shanghai Stock Exchange.
  • A share settlement bank license in Shenzhen Stock Exchange.
  • New share capital verification bank license in Shanghai Stock Exchange.
  • Major Custodian bank license (including. Shanghai & Shenzhen legal person's settlement bank license). Backed up with advanced IT systems and complete internal control and risk management systems, SPDB has established a nationwide real-time fund transfer system to ensure that any fund transmission may arrive within two hours.
SPDB has conducted settlement services for many securities companies. With rich experiences in fund clearing and settlement for securities funds, SPDB is able to provide safe, quick and accurate settlement services.

   Securities Fund Settlement Services incl.

Fund settlement & account management
  • Payment and collection.
  • Account statements and inquiries.
  • management of settlement funds.
  • other services.
   SPDB's settlement service system is composed of

  • Fund settlement between securities company legal person and the Securities Registration & Settlement Company Shanghai & Shenzhen subsidiaries (including those potential clients who have not yet signed the settlement agent service agreement with SPDB).
  • Fund settlement between securities company legal person and its subsidiaries.
  • Fund settlement between securities company legal person and individual investors.
   Procedure

  • A securities company legal person or its subsidiaries opens a settlement account with a local SPDB branch/sub-branch.
  • The securities company chooses SPDB as its Major Custodian Bank, Legal Person Custodian Bank, or Settlement Bank.
  • In case the securities company designates SPDB to be its settlement bank, it shall submit duly endorsed Securities Fund Settlement Agreement, The Authorization Letter of the Designated Account Change from Securities Company, The Application for Changing Securities Fund Settlement Bank to SPDB.



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