The Commercial Bank Manage System For The Stockjobber To Balance The Financing Of The Client Through The Third-party Depository Based Upon The Multi-bank Model

SFC has developed a multi-bank model of exchange settlement funds for securities companies clients of third-party depository, in order to implement in a securities company to fully implement the requirements of third-party depository, in order to protect customer funds third-party depository business in a safe and orderly operation, in order to protect the interests of investors and promote the development of a standardized securities companies. It Referred to as "multi-bank third-party depository". The system avoids the securities company's misappropriation of client's securities transactions settlement funds by institution and system design. It can effectively guard against systemic risk. All investors in the model deposits funds to securities companies through the bank-to-securities transfer. The client's fund deposits to bank after the summary by the securities companies. Securities company is responsible for liquidation and settlement, also commitment the depository liability to client's funds. Depository banks provide customer transaction settlement fund management account for the investors, recording transfer correspondence and changes in client securities financing details, responsible for checking accounts and to provide Inquiry System to assist in the supervision for the investors. This is followed the principle, which is "securities firm management of securities, bank management of funds". The investor' s securities account and securities margin account is strictly separation managed. Because of securities company's excess reserves are managed by bank, securities in almost any aspect can not access to customer funds, thus eliminating the possibility of misappropriation of client funds. The system embodies the principle of the legitimate interests of the protection of investors.According to above requirements of multi-bank third-party depository mode, this article discusses how to achieve related function in the existing banking system. In the functional design, it is mainly divided into three parts bank-side initiated transactions, securities-side initiated transaction, day-end processing module. Bank-side initiated transactions has four channels, counter, personal EBANK, enterprise EBANK, telephone banking. This article mainly describes the transaction functions of counter channel. The main transaction belonging to the main transaction includes "Securities Data Maintenance", "Securities Sales Department Information Maintenance", "Customer opening/confirmation bank-to-securities transfer", "Customer Inquiry Changes". The main transaction belonging to bank-to-securities transfer or securities-to-bank transfer includes "Counter bank-to-securities transfer". The main transaction belonging to Post-query transaction or abnormal processing of transaction includes "Customer inquiries, print bookkeeping account details", "Counter bank-to-securities transfer reversal". For the other channels which is personal EBANK, enterprise EBANK, telephone banking of the same, is not this tired out.System design concepts tightly around the banking system of the seven basic requirements, automation, high reliability, advanced and maturity, security and confidentiality, Easy maneuverability, Easy maintenance and expandability, Protection of existing investment. In addition, the message interface between banks and securities companies designs strictly in accordance with data interface documentation requirements. The bank side processing of internal business processes are designed in strict accordance with the requirements of the above functional design. In order to establish and improve emergency response mechanism in response to sudden operational failure, to improve the efficiency of emergency support, to minimize the risk of failure and inconvenience in customer's ank-to-securities transfer transaction, to protect customer funds third-party depository business in a safe and orderly operation, the system develop appropriate contingency plans.