As the saying goes, it is never too old to learn. What is the custodian of gay friends Fund? Only by truly understanding the fund terminology can we make better investments. What does the fund custodian mean?

What is a fund custodian?

In order to fully protect the rights and interests of fund investors and prevent the fund trust property from being used for other purposes, the laws and regulations of securities investment trusts in various countries stipulate that all funds should set up fund custodians, that is, fund custodians, to supervise the investment operation of fund management institutions and keep the fund assets.

So, who is the fund custodian?

Who is the fund custodian?

The fund custodian, also known as the fund custodian, is the party responsible for asset custody, transaction supervision, information disclosure, fund settlement and accounting in the operation of securities investment funds according to the requirements of laws and regulations. The fund custodian is the representative of the rights and interests of the fund holder, usually served by a powerful commercial bank or trust and investment company. The fund custodian and the fund manager sign a custody agreement. Perform duties within the scope agreed in the custody agreement and collect certain remuneration.

Since the fund custodian can get a certain reward, he will naturally perform relevant duties.

The main responsibilities of the fund custodian are:

1. Safely keep all assets of the fund;

2. Implement the investment instructions of the fund manager and handle fund transactions in the name of the fund;

3. Supervise the investment operation of the fund manager, and if it is found that the investment instruction of the fund manager is illegal, it will not be implemented, and it will be reported to the China Securities Regulatory Commission;

4. Review the fund net asset value and fund price calculated by the fund manager;

5. Keep the accounting books and records of the fund for more than 15 years;

6. Publish fund performance report, provide fund custody information and report to China Securities Regulatory Commission and China People's Bank;

7. Other duties stipulated in the articles of association of the fund or the fund contract and custody agreement.

Fund custodians have corresponding rights when performing their duties.

The rights of a fund custodian mainly include:

(1) Custody of fund assets.

② Supervise the investment operation of fund managers;

(3) Obtaining the fund custody fee.

Rights and obligations are closely related, and obligations have rights.

The obligations of the fund custodian mainly include the following contents:

① Custody of fund assets;

(2) Keeping major contracts and related documents related to the fund;

(3) To be responsible for the clearing and settlement of the investment securities of the Fund, execute the investment instructions of the fund manager, and be responsible for the fund transactions under the name of the Fund.

The above content has introduced the fund custodian in detail. Do you know more about the funds in gay friends?