What is the function of the supervision account?

The supervision account, that is, the trading market, is supervised by the bank and the funds are earmarked. Once the buyers and sellers reach the transaction intention and complete the transaction, the market bank receives the transaction instructions from both parties and lends money to the seller, which well avoids the credit risk of some traders and really solves the problem that the buyers and sellers dare not pay first or not.

Supervision mode: There are two different modes: closed account supervision mode and direct supervision mode. Closed supervision needs to open a special account, which is mostly applicable to the supervision of credit-related funds; The direct supervision mode is that the enterprise takes the settlement deposit account opened in the handling bank as the designated supervision account, and the teller of the handling bank sets the supervision mark in AS400 system and does not open a special account.

Fund supervision account, also known as third-party supervision. Mainly used for real estate transactions. This means that the transaction funds of the buyers and sellers are not directly transferred through the brokerage company, but through the "special account" opened to the bank where the real estate administrative department, together with banks and guarantee qualification institutions, supervise the funds. This account belongs to the bank.

If the buyer transfers money within the specified time, the money will be transferred to the original owner's account, otherwise it will be transferred to the buyer's account. Therefore, the fund supervision needs to keep an account with the main body of the bank fund supervision of the seller and the buyer under the supervision of the bank, so as to ensure the safety of the trading funds of the buyer and the seller and protect the rights and interests of the buyer and the seller. Similar to online trading platforms such as payment and tenpay.

1. If the buyer transfers ownership within the specified time limit, the funds will be transferred to the original owner's account, otherwise it will be transferred to the buyer's account. Therefore, the supervision of funds requires buyers and sellers to open accounts in the supervision bank, and the bank is the main body of funds supervision, thus ensuring the safety of trading funds of buyers and sellers and safeguarding the rights and interests of buyers and sellers. Similar to online trading platforms such as Alipay and Tenpay.

2. Applicable objects/conditions: supervision of account funds related to specific credit projects, including but not limited to capital construction loans, decoration loans, real estate development loans, operating property loans, accounts receivable pledge financing, factoring financing, etc. ; Other businesses that need to manage special funds in designated accounts, including but not limited to e-commerce deposit accounts and partnership fund accounts.

3. The buyers and sellers of high-quality houses have agreed on a time limit in the contract, and the arrival of this time limit is taken as the basis for the legal effect or invalidity of the rights and obligations of house sales. At the same time, the pre-sale of houses also has strong state intervention. Because the pre-sale of commercial housing is different from the real sale of housing, the real handover of housing has not yet been formed.