What Is Escrow Accounting?
Bank custody business refers to the bank as a third party, in accordance with laws and regulations and custody contracts, representing the interests of asset owners, engaged in custody of asset custody, clearing funds under the name of custody assets, performing accounting and valuation of custody assets, and supervising managers An intermediary business that operates as an investment to ensure the benefit of the client and to collect custody fees.
Bank custody business
discuss
- Chinese name
- Bank custody business
- Foreign name
- Bank custody business
- Classification
- Social security fund custody, etc.
- Nature
- Intermediate Business
- Bank custody business refers to the bank as a third party, in accordance with laws and regulations and custody contracts, representing the interests of asset owners, engaged in custody of asset custody, clearing funds under the name of custody assets, performing accounting and valuation of custody assets, and supervising managers An intermediary business that operates as an investment to ensure the benefit of the client and to collect custody fees.
- There are many types of bank custody business, including securities investment fund custody, entrusted asset custody, social security fund custody, corporate annuity custody, trust asset custody, rural social security fund custody, basic pension insurance personal account fund custody, supplementary medical insurance fund custody, Branch account custody, QFII (Qualified Foreign Institutional Investor) custody, valuables custody, etc.