A supervision account refers to an agreement signed between an enterprise and a bank, which entrusts the bank to conduct special management and use of special-purpose funds in a designated account.

supervision mode:

two closed-end special account supervision modes and two direct supervision modes.

1. Closed supervision requires opening a special account, which is mostly applicable to the supervision of credit-related funds.

2. Direct supervision means that the enterprise takes the settlement deposit account opened in the handling bank as the designated supervision account, and the teller of the handling bank sets the supervision mark in AS4 system, and does not open a special account.

handling fee: the supervision fee under the non-credit phase is 5, yuan/year, but it is charged according to the complexity of supervision.

Extended materials:

Advantages:

1. Closed operation of customer funds. In this mode, the trading market will hand over the customer's deposit and withdrawal function to the depository bank, and the market will no longer handle any customer's fund deposit and withdrawal business. All deposit and withdrawal behaviors are initiated by the customer through bank-securities transfer, and the transaction settlement funds withdrawn by the customer can only be returned to the bank settlement account with the same name designated in advance, thus realizing the closed operation of the transaction settlement funds and preventing the risks of customer's fund misappropriation and customer's money laundering and cash withdrawal.

2. Check the total score of the depository bank. In this mode, the depository bank opens a management account for customers that maps the balance of the fund ledger at the market company's end, so that it can master the customer's subsidiary ledger, and to some extent, it can prevent the misappropriation of market companies at the general ledger level by checking the subsidiary ledger with the securities company's customer's general ledger.

3. The customer inquires about the reconciliation mechanism in another way. In this mode, the depository bank will provide customers with another way to inquire about the management account. With the help of the inquiry means and reconciliation mechanism provided by the depository bank and the market company, the customer can effectively monitor the safety of the customer's funds by comparing the consistency of the data of the management account at the depository bank and the fund ledger at the market company.

4. All-round customer fund supervision system. Under this mode, through reasonable business division and institutional arrangements, market companies, depository banks, customers and regulatory agencies have built an all-round customer fund supervision system to ensure the safety of customer funds. Among them, the depository bank does not directly owe debts to customers, nor does it directly control the legal person delivery and other business operations of market companies. It is only responsible for checking the total score and providing customers with another way to inquire, which is to a certain extent to assist in supervision.

5. Multi-bank depository mechanism is helpful to meet customers' different banking preferences, and has strong compatibility, which can better adapt to the clearing and settlement rules of domestic electronic trading market, and can also adapt to product innovation and institutional progress in the future market.

Reference: Baidu Encyclopedia-Bank Fund Supervision