How does LOF fund transfer to custody?
LOF fund transfer custody can be divided into one-step transfer custody and two-step transfer custody. Both methods require potential investors to open corresponding trading accounts in the institutions to be transferred. One-step custody transfer: If it is a fund purchased inside or outside the brokerage software, some brokers support online one-step custody transfer. In the trading software or trading platform, follow the prompts after finding this function. Two-step transfer to custody: first, contact the business department of the account opening broker by telephone to obtain the deep A seat code. When handling cross-system custody transfer for the first time, it is necessary to confirm whether the Shenzhen on-site fund account has been added to the fund account. If not, you need to contact the sales department or go to the on-site counter to add business.
Preventive measures include:
1 The transfer-out ratio and quantity of the trust transfer-out fund shall not exceed the fund share actually held by the fund account in the transferor, otherwise the declaration will be invalid.
2 Transfer-out custody adopts the principle of "first in, first out" when dealing with share details, that is, the share with the previous registration date is transferred out first, otherwise it needs to be transferred out later.
When transferring to custody, the fund proportion can be transferred out in whole or in part at one time, but the final confirmed proportion balance shall not be lower than the minimum holding share.
In view of the differences in specific treatment processes, it is only necessary to consult the transfer-out and transfer-in institutions according to the actual situation.