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What do you mean by the first transfer of funds to custody and the second transfer of funds to custody? What is the difference?
1. Fund transfer custody refers to an investor transferring his fund share from a trading account associated with his fund account to another trading account associated with his fund account.

2. With the permission of both the transferor and the transferee's sales organization (outlets), investors can choose to adopt the method of "one-step transfer to custody" or "two-step transfer to custody".

(1) If the mode of "one-step custody transfer" is selected, the investor shall first register the fund account at the sales organization (outlet) to be transferred, and then apply for custody transfer at the sales organization (outlet) of the transferor; If the "two-step custody transfer-out" method is selected, the transfer-out must be done at the sales organization (outlet) of the transferor first, and then the fund account number and share transfer-out business can be registered at the sales organization (outlet) of the transferee after the fund registrant and the transfer-out registrant confirm successfully.

(2) Under the "one-step custody transfer-out" mode, after the investor successfully transfers the fund share from the transferor's sales organization (outlet) on T day, under normal circumstances, the fund share will arrive at the transferee's sales organization (outlet) on T+ 1 day, and the investor can redeem this fund share from T+2 day.

(3) Under the "two-step custody transfer" mode, after the investor successfully applies for transferring the fund share at the transferee's sales organization (outlet) on T, the fund share will normally arrive at the transferee's sales organization (outlet) on T+ 1 day, and the investor can redeem this part of the fund share from T+2.

3. The number of transferred-out fund shares transferred into custody shall not exceed the available fund shares in the fund account of the transferor's sales organization, otherwise the declaration will be invalid.

4. The fund manager may stipulate the minimum holding share of the fund account in each fund share category managed by the sales organization. If after the investor transfers the fund into custody, the balance of the fund share category is lower than the minimum balance stipulated by the fund manager, the fund manager has the right to forcibly redeem the balance of the fund share category.

5. The sales organization can charge a certain fee for the re-custody business.

6. The principle of handling the share details in the sub-trust is "first in first out", that is, the earliest share on the registration date is transferred out first, and then the last share on the registration date is transferred out.