1 / 20

An Introduction to SD&C’s Open-end Fund Services

An Introduction to SD&C’s Open-end Fund Services. Fund Business Dept. China Securities Depository and Clearing Corporation 2012.5.31. Agenda. Profile of the Fund Platform of SD&C Main Products and services on the Fund Platform Future Development Initiatives of the Platform.

keran
Download Presentation

An Introduction to SD&C’s Open-end Fund Services

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. An Introduction to SD&C’s Open-end Fund Services Fund Business Dept. China Securities Depository and Clearing Corporation 2012.5.31

  2. Agenda • Profile of the Fund Platform of SD&C • Main Products and services on the Fund Platform • Future Development Initiatives of the Platform

  3. Profile of the Fund Platform of SD&C Features 1 • OCT.4, 2002 the Fund Platform of SD&C was launched • A variety of participants making our system more flexible and innovative • Connecting channels • the OTC • the exchanges - SSE and SZSE • A unified interface enabling participants to have easy access to all services

  4. Profile of the Fund Platform of SD&C Features 2 • Leverage of existing securities account system, clearing & settlement system and communications network of SD&C • Main Services • Registration (TA services) • Investors account administration • Order processing (subscription, redemption, etc) • Clearing and settlement • Corporate actions processing

  5. Profile of the Fund Platform of SD&C System Architecture Overview SD&C Fund Platform Fund management companies Customer service 47 251 funds 330 others 172 Distributors Commercial banks Securities companies Independent Selling companies Direct selling of fund management company • Two connection channels • The OTC • The exchanges – SSE and SZSE Subscription/Redemption investors

  6. Profile of the Fund Platform of SD&C Order Processing Overview Distributor Fund Management Companies SD&C Shanghai Branch SD&C The Fund Platform Distributor SD&C Shenzhen Branch Order Data routing Distributor Confirmation Report Payment instructions Cash settlement results

  7. Agenda • Profile of the Fund Platform of SD&C • Main products and services on the Fund Platform • Future Development Initiatives of the Platform

  8. Main Products and Services on the Fund Platform Overview • Main products types • Generic open-end funds • Money market funds • QDII funds • LOFs on SZSE • Open-end funds on SSE • Cross-market ETF on SZSE • Other kinds of asset management products

  9. Main Products and Services on the Fund Platform LOFs on SZSE - Features 1 • Provided by SD&C and SZSE • Including three kinds of transactions • Subscription/Redemption through the OTC channel with fund account, settled on the Fund Platform • Subscription/Redemption through the trading system of SZSE with security account, settled on the Fund platform • Centralized trading on the trading system of SZSE with security account, settled on Depository & Clearing system of SD&C, Shenzhen branch

  10. Main Products and Services on the Fund Platform LOFs on SZSE - Features 2 • Two kinds of fund shares • Listed fund shares registered in Depository & Clearing system of SD&C, Shenzhen branch • OTC fund shares registered on the Fund Platform • Inter-system custody transfer • Each kind of shares can be transferred to another by inter-system custody transfer order • Inter-system custody transfer is processed between the fund account and the security account of the same investor

  11. Main Products and Services on the Fund Platform LOFs on SZSE - Order Routing Centralized trading Fund Management Companies Subscription/Redemption through SZSE Subscription/Redemption through the OTC Inter-system custody transfer Data routing and confirming SD&C The Fund platform SD&C Shenzhen Branch D&C system SZSE Other Distributors • Securities Companies • The OTC channel • The exchange channel on SZSE

  12. Main Products and Services on the Fund Platform Open funds on SSE - Features 1 • Provided by SD&C and SSE • Including two kinds of transactions • Subscription/Redemption through the OTC channel with fund account, settled by the Fund Platform • Subscription/Redemption through the trading system of SSE with security account, settled by the Fund platform

  13. Main Products and Services on the Fund Platform Open funds on SSE - Features 2 • One kind of fund shares but registered in two kinds of accounts • Registered in fund account • Registered on the security account of SSE • Inter-system custody transfer • The shares registered on each account can be transferred to another through inter-system custody transfer • Inter-system custody transfer is processed between the fund account and the security account of the same investor

  14. Main Products and Services on the Fund Platform Open funds on SSE - Order Routing Subscription/Redemption through SSE Fund Management Companies Subscription/Redemption through the OTC Inter-system custody transfer Data routing and confirming SD&C The Fund platform SD&C Shenzhen Branch D&C system SSE Other Distributors • Securities Companies • The OTC channel • The exchange channel on SSE

  15. Main Products and Services on the Fund Platform Cross-market ETF on SZSE - Features • Tracking CSI 300 index which consists of 300 stocks listed on the Shanghai and Shenzhen stock exchanges • The ETF shares traded on the SZSE • Subscription/Redemption routed through the Fund Platform with Shenzhen and Shanghai security accounts • All transactions settled on Depository & Clearing system of SD&C, Shenzhen branch

  16. Main Products and Services on the Fund Platform Cross-market ETF on SZSE - Features • Key features • The Fund platform collecting Subscription/Redemption orders • The Fund Platform verifying the unity of the investor’s Shenzhen and Shanghai security accounts • The Fund Platform assembling the locking/transferring orders of all the component stocks • The D&C system of Shanghai branch processing orders of the component stocks listed on SSE • The D&C system of Shenzhen branch processing orders of the constituents listed on SZSE

  17. Main Products and Services on the Fund Platform Cross-market ETF on Shenzhen Stock Exchange - Order Routing Fund Management Companies SD&C Shanghai Branch ③ Subscription/Redemption Ordering ② Constituent stock locking and transferring SD&C The Fund platform ② SD&C Shenzhen Branch Data routing and confirming ④ ETF shares registration Centralized trading ① ⑤ Securities Companies ⑤ SZSE

  18. Agenda • Profile of the Fund Platform of SD&C • Main Products and services on the Fund Platform • Future Development Initiatives of the Platform

  19. Future Development Initiatives of the Platform • Develop more functions to meet customized demands • Accommodate new fund products • Upgrade IT systems to support safe, efficient and flexible operations • Provide more information services to system participants

  20. Thanks！

More Related