What does depository mean?

Depository means that the securities trading settlement funds of securities company customers are deposited by banks, which are responsible for the deposit and withdrawal of customers' funds and the delivery of funds according to the requirements of laws and regulations, and the securities trading operation remains unchanged. This business follows the principle of "securities management by brokers and funds management by banks", that is, securities management by brokers and funds management by banks, and investors' securities accounts and securities margin accounts are strictly managed separately.

Service function:

1. Convenient account opening: after a customer opens an account with a brokerage firm, telephone banking or online banking will activate itself;

2. Flexible transfer: the online banking transfer is clear at a glance, and the telephone banking and brokerage channels can choose multiple free transfers;

3. Timely information: the information of our securities channel is rich and timely, and online banking provides real-time market inquiry;

4. Safety of funds: funds are supervised by banks, and investment is more assured.

Extended data:

Advantages of third-party depository:

1. Funds are more assured: in the past, customers' deposits were deposited by a securities company, and misappropriation often occurred. The customer's transaction settlement funds are uniformly deposited by the third-party depository bank, and the customer's margin is guaranteed by the dual credit of commercial banks and brokers, so as to ensure the payment of the customer's funds, and the customer's capital security can be guaranteed and more assured;

2. Deposit and withdrawal are more worry-free: customers can not only complete the transfer through the original way of brokers, but also complete the deposit and withdrawal of funds and the transfer between bank accounts and margin accounts through bank counters, telephone banking and online banking;

3. More intimate service: customers become common customers of brokers and banks, and can not only continue to enjoy the investment and wealth management services provided by the original brokers, but also enjoy various comprehensive wealth management services of banks.

4. As the deposit is uniformly deposited by commercial banks, it is convenient for the state to supervise the illegal funds entering the securities market.

To sum up, after implementing the third-party depository system, there are many benefits.

Baidu Encyclopedia-Third Party Depository