a fund account is an account opened by a fund company for investors, which is used to record the changes and balances of investors' shares in each fund. No matter which channel investors handle it, it is recorded under this account. A trading account is an account opened by a sales organization for investors to record the changes and balances of fund shares caused by investors handling fund transactions through the sales organization. What is third-party depository? Recommended reading Fund is in crisis, companies are approaching bankruptcy, and private equity interviews are gradually increasing. One-year performance of the stock base is exhausted. Survey: Do you still support the stock base in 212? Billion social security funds enter the market with caution. The number of innovative base closures doubled, and the share exceeded 8 billion. In 211, the award ceremony of the financial and economic billboard of the fund industry was huge, and the Saab acquisition battle was defeated. The foreign-led private equity investment market in China refers to the securities companies handing over the settlement funds of their clients' securities transactions to independent third parties such as banks for safekeeping. Securities companies that implement the third-party depository system for clients' securities trading settlement funds will no longer contact clients' securities trading settlement funds, but the depository bank will be responsible for investors' trading clearing and fund settlement. The separation of client's securities trading funds, securities trading and securities trading settlement custody is a common "fire prevention" rule in the world. How many days does it take for the fund to redeem the money? Excuse me, the fund I redeemed yesterday was confirmed successful on the fund website today, but how did the money not arrive in the account? When will it arrive? After receiving the customer's instructions, the fund company needs to settle the funds, so it takes some time. Even if the same fund is sold in different banks, the redemption time will be different. Generally speaking, the redemption time of money funds is "T+1", and that of stock funds is generally "T+5" or "T+7". In addition, it is worth investors' attention that the T here refers to redemption applications filed before 3 pm on the working day. The time of redemption is calculated according to working days. In case of Saturday and Sunday, the time of redemption will be delayed.