Product Introduction
When the clients make security investment through security houses, the brokers have to separate customer funds from their own capital and deposit them to a third party. Banks are responsible for the safe custody of customer funds. They also offer efficient fund transfer between bank and security house, convenient cash deposit and withdraw as well as account movement inquiry for customers. Under this newly presented customer fund custody model, the security investors should choose a custody bank to provide security investment custody account service. The essential idea of this new custody model is to let the bank safeguard the investment fund, while the security houses focus on the custody of securities.

Service Features

• Convenient account-opening: After opening of security investment book with the broker, the client may activate its bank account by telephone or online self-service.
• Flexible fund transfer: our online banking services provide detailed information about fund transfer. In addition, free fund transfer channels are available through telephone banking or the brokers.
• Efficient investment information: our security investment channel provides timely and efficient information for the investors. Our online banking also offers real-time market information.
• High security of the fund: investors will feel safe to let the bank supervise the fund.

Application Procedure

• 1) For orient card or leisure banking card holders:
  You should go to the business office of the broker to open your own security investment book, designate SPD Bank as the custody bank and complete the security investment custody account subscription procedure. You may activate the account through online banking or telephone banking.
• 2) For new customers:
  You should first go to the business office of the broker to open your own security investment book and designate SPD Bank as the custody bank, before you come to the designated network of SPD Bank to open a debit card account and complete the security investment custody account subscription procedure.
• 3) For customers who have already opened security investment book with brokers: You could come to our business office directly to open debit card account and complete the subscription procedure of your security investment custody account.

Reminder

Individual customer, who wishes to open the service, should bring his personal ID card as well as a copy, the security account certificate issued by Shanghai/Shenzhen Stock Exchange, the security trading book card and its copy as well as debit card issued by SPD Bank.

After opening of the service, you may use our service hotline 95528 to make balance inquiry and fund transfer.

After opening of the service, you may also login our online banking for fund transfers or account balance and movement inquiry, if you have subscribed our online banking service.

Questions and Answers

1. If the customer subscribed the original bank- broker fund transfer service before, but he didn’t have the time to complete the subscription of new custody account after successful service model transformation, will his daily security trading be affected?
After successful transformation of service model, the daily trading of existing security investment fund of the original customer would not be affected. However, we suggest the customer to complete the subscription procedure for the new custody model at the broker’s business office where he opens its account within stipulated time. The business office is authorized to suspend all transactions of fund transfer to the bank accounts, forbid custody account transfer or cancel certain types of transaction instructions, until the subscription has been fulfilled. Concerning detailed time and period for the subscription, the business offices will give special notice.

2. If the customer has subscribed the original bank-broker fund transfer service of other bank or has not subscribed any bank-broker fund transfer before, but the broker’s business office has connected his account to SPD Bank’s custody account system, will his daily security trading be affected before he complete the subscription procedure?
The security trading of the existing security investment fund in the account will not be affected. However, as the customer has not completed the subscription procedure, he can not make cash deposit and withdraw directly. The customer should go to the broker’s business office where he opens his security account as well as designated business office of SPD Bank to complete the subscription and confirmation of security investment custody account, before he deposit or withdraw cash through this account.

3. Are the original bank-broker fund transfer service and other security investment account service still available?
Since the launching of the third party security investment custody account service, all the original fund transfer services between bank and security houses have been stopped. After successful transformation of service model within our bank or opening of our custody account, the new custody model will be the only service channel for cash deposit and withdraw of your security investment fund.

4. Can a customer select several banks as his custody banks at the same time?
No. The customer can only choose one bank as security investment custody bank. But he can change the custody bank anytime.