1. The custody agreement stipulates the responsibilities, rights and obligations of the client and the custodian in the form of a contract. The main purpose is to clarify the rights, obligations and responsibilities of both parties in matters such as fund property custody, investment operation, net worth calculation, income distribution, information disclosure and mutual supervision, and ensure the safety of fund property.

2. See where the main body of your investment fund is, whether it is a bank or a third-party institution. If a third-party institution (such as a private equity fund) has signed a custody agreement with a merchant or bank, then you only need to sign a subscription agreement, but it should be clearly stated in the subscription agreement that "the subscribed funds will be held by the corresponding merchant or bank".

I hope this helps.