Can ETF funds be transferred from off-site to on-site?
ETF funds can transfer money off-site, but users need to open stock accounts. Investors need to have a stock account, and also need to know the seat number of the transferred securities company in the exchange, and then go to the transfer custody institution to handle the transfer custody business on the stock trading day. Usually, after the business is completed, it will arrive in T+2 days.
In other words, ETF funds need to handle the re-custody business in off-exchange transfer. Investors need to open a stock account when transferring custody, and then remember the name of the securities company and the seat number in the exchange. However, it should be reminded that some funds can be transferred to custody, and unlisted funds cannot be transferred to custody.
To sell OTC funds on the market, you must first handle the transfer custody business and transfer the fund shares from the OTC to the market. When handling business, the investor holds valid identity documents to handle designated transactions in the business department of the member of the qualified SSE to be transferred, and the investor applies for the transfer of fund shares into custody at the fund manager of the OTC transferor or its consignment agency.
In the trading market, on-site funds cannot be purchased off-site. OTC funds refer to funds that are not traded on the stock exchange and can only be purchased through the OTC fund sales platform. On-site fund refers to the fund traded in the stock exchange, which needs to open an on-site fund account to trade, that is, it is said to trade in the secondary market.