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Third-party Depository for Clients' Dealing Fund Launched

Third-party Depository

The third-party depository is a reform for clients' dealing fund management system, which aiming to fulfill the “Securities Law” and the requirement of supervision and management. In the third-party depository, securities companies will entrust each investor's dealing fund to the depository bank for individual management, and the depository banks will offer fund deposit, fund withdrawal, and bank-securities fund transfer services for investors.

Based on the closed & centralized bank-securities fund transfer, inquiries via bank-securities channel, and supervising mechanism of the banks, the safety of investors' fund will be secured through third-party depository.

Article 139 of “Securities Law”: investors' securities fund for dealing purpose shall be deposited in the commercial banks, and shall be managed individually in the name of each investor.

Differences and similarity between the third-party depository and the traditional depository

Differences

 
Third-party depository
Traditional depository
Account opening
Required both fund account and fund settlement accounts with same name in the securities companies and the exclusively appointed depository bank respectively. More convenient for fund inquiry through bank channel and safer for fund security.
Required only one fund settlement account in securities companies.
Depository channel
With exclusively appointed bank
With several banks through bank-securities transfer channel

Similarity

Third-party depository
Both have dealing process unchanged.
Traditional depository

 Third-party depository in IB helps you enjoy:

Safe and reliable fund depository

Express bank-securities transfer

Tailored service with super-value

How to apply for third-party depository?

For individual investor

Please go directly to any outlet of IB with ID card (original and photocopy), securities fund card, and fill out the “Third-party Depository Application Form”.

(1) For clients already have fund account in securities companies, please directly appoint one exclusive bank and sign third-party depository service agreement over bank counter.

(2) For newly increased clients, please confirm third-party depository service over bank counter after having opened fund account, appointed excusive bank and signed third-party depository service agreement in securities companies.

(3) For clients with IB card and fund account in securities companies, please directly appoint one exclusive bank and sign third-party depository service agreement in securities companies.

For institutional investor

Institutional investors can only confirm the third-party depository service with bank after having appointed exclusive bank and signed third-party depository service agreement in securities companies. For more details, please contact customer service managers of IB.

How to realize fund transfer and fun inquiry of third-party depository?

Channels via securities companies: over counter, Internet dealing, and telephone system.

Channels via IB: over counter, Internet banking ( www.cib.com.cn ) and telephone banking (95561)

Service hours of third-party depository:

From 9:00 to 16:00 of each dealing day (national holidays and closing hours of securities companies are excluded).

Cooperating securities companies with IB:

Guotai Junan Securities

Guangfa Securities co., Ltd.

 

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