What Are the Benefits of a Custodial Account?
The investment asset custody account refers to a special deposit account opened by the custodian, which is used exclusively for the settlement and settlement of funds of the enterprise annuity fund that is being held due to investment operations. The investment asset custody account shall be opened according to different enterprise annuity plans, and sub-accounts shall be established according to each investment portfolio managed by the investment manager. Investment asset escrow accounts cannot withdraw cash.
Investment asset custody account
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- Chinese name
- Investment asset custody account
- Foreign name
- no
- Related people
- Custodian
- Nature
- Special Deposit Account
- The investment asset custody account refers to a special deposit account opened by the custodian, which is used exclusively for the settlement and settlement of funds of the enterprise annuity fund that is being held due to investment operations. The investment asset custody account shall be opened according to different enterprise annuity plans, and sub-accounts shall be established according to each investment portfolio managed by the investment manager. Investment asset escrow accounts cannot withdraw cash.
- (1) Establishing the account name: The name of the investment asset custody account is "custodian × × company annuity plan investment assets"; [1]
- (II) Reserved bank seal: The reserved bank seal for the investment asset custody account is the special seal of custodian ×× company annuity plan investment assets and the name of the authorized person of the custodian. The name of the special seal shall be the same as the name of the investment asset custody account, and the reserved bank signature shall be kept and used by the custodian;
- (III) Account opening procedures: The custodian opens the investment asset custodian account, and shall issue the following certification documents to the account-opening bank: the original custodian business license; the custodian basic deposit account account opening permit; the custodian's "enterprise annuity fund management agency" qualification Certificate; "Confirmation Letter on XX Company's Enterprise Annuity Plan"; Power of Attorney issued by the trustee to entrust the custodian to open an enterprise annuity fund investment asset custody account.