Measures for the administration of regulatory funds

Fund supervision account, also known as third-party supervision, is mainly used for real estate transactions. It means that the transaction funds of buyers and sellers are not directly transferred through brokerage companies, but are transferred by real estate administrative departments in conjunction with banks and institutions with guarantee qualifications. This account belongs to the bank.

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 Tenpay and Tenpay. Closed account opening information:

1. Open the certification documents designated by basic deposit account;

2. basic deposit account account registration certificate;

3, the competent department or other relevant departments to prove;

4. Account supervision agreement signed with the handling bank;

5, account supervision business approval form.

Two different modes can be adopted: closed account supervision mode and direct supervision mode. 1. Closed supervision requires opening a special account, which is mostly applicable to the supervision of credit-related funds; 2. The direct supervision mode is that the enterprise takes the settlement deposit account that has been opened in the handling bank as the designated supervision account, and the teller of the handling bank sets the supervision mark in the AS400 system without opening a special account.

Supervision account refers to the agreement signed between the enterprise and the bank, which entrusts the bank to manage and use the special funds in the designated account.

Featured services:

1. provides two services: payee supervision and usage supervision.

2. Provide online inquiry service.

3. Provide supervision services for maternal and child accounts.

Legal basis: Interim Provisions of the State Council on Punishment for Violating Financial Regulations Article 3 The special funds mentioned in these Measures refer to the funds set up by the state or autonomous region with designated purposes, including financial poverty alleviation funds, financial capital construction funds, social security funds, national debt funds, special education funds and other special funds.