The earliest funds were all products produced by various companies, and they set up their own accounts after approval. However, when some funds need to be settled through cross-market transactions, the problem arises, so an intermediary agency is needed to do this work, which is one of the functions of Deng Zhong Company.

Characteristics of funds under the Deng Zhong Accord:

1, unified access mode. Fund companies only need to exchange data with China settlement system, and then they can connect with all the consignment channels connected with China settlement system.

2. Unified account model. Using the existing securities account resources in Shanghai and Shenzhen stock markets to adapt to the trading habits of investors in the securities market, 70 million securities account holders are allowed to directly use their securities accounts for open-end fund transactions, thus realizing the "one card" service.

3. centralized TA mode. Because there is only one processing point, it can handle complex business rules, which is beneficial to the comprehensive management of investors' accounts (such as convenient investor management and deferred expenses). ), which improves the efficiency of clearing and settlement, and can better adapt to the tax treatment of future open-end fund transactions and dividends.

4. As an intermediary agency specializing in securities registration and settlement, China Clearing can provide professional management for the operation of open-end funds and ensure the safe and efficient operation of the system; It is conducive to reducing the cost of the whole industry and reducing the waste of resources brought about by the diversification of the fund system.

5. Using China settlement TA system can better provide background service support for new products, such as LOF, closed to open, etc.