1. Transfer-out of debt distribution custody refers to the transfer of stocks from one securities company to another, generally referring to Shenzhen, and the securities company to be transferred in Shanghai is a designated transaction. If investors want to transfer their shares under custody from one brokerage firm to another, they should handle the transfer of stock custody, that is, transfer custody or transfer custody. Stock debt allocation is a kind of financing behavior of listed companies. The transfer of custody is what brokers call the transfer custody business. The business of transferring custody refers to the transfer of its custody shares from one brokerage firm to another, so as to realize the transfer of entrusted management of shares.

2. Sub-custody business: the stock is transferred out of custody, which is what the brokerage firm calls sub-custody business. The business of transferring custody refers to the transfer of its custody shares from one brokerage firm to another, so as to realize the transfer of entrusted management of shares. In other words, the stock was transferred to another brokerage fund account of the same customer. You can log in and query all the brokerage accounts you have opened.

1. Detailed explanation of re-custody:

1. Re-custody, also known as securities re-custody, is a business specifically aimed at the custody transfer of securities listed on Shenzhen Stock Exchange. It means that investors transfer their securities listed on Shenzhen Stock Exchange, which are entrusted by one securities firm, to another securities firm for custody, which is a voluntary act of investors. The securities bought by investors at which brokerage firm can only be sold at that brokerage firm. If investors need to transfer their shares to other brokerage firms for entrustment, they should go through the formalities of transferring custody at the original custody brokerage firm. Investors can transfer all their own securities at one time, or transfer some of them or some of the securities in the same kind when going through the formalities of transferring custody.

2. The re-custody business of Shenzhen Stock Exchange is different from previous years. The current re-custody business is handled through the trading system of Shenzhen Stock Exchange. However, it should be noted that the securities that are transferred through the trading system only include A-shares, funds, convertible, etc. listed on Shenzhen Stock Exchange, and warrants and government bonds cannot be transferred to custody. General procedures for transferring custody business First of all, investors apply for transferring custody to the transferred securities firm, fill in the "Application for Transferring Custody", carefully fill in the account code, securities variety and quantity of the transferred securities in the application, and be sure to fill in the name of the transferred securities firm and the corresponding seat number. After receiving the application, the transfer-out brokerage firm shall carefully check whether the investor's ID card and the contents of the application are correct. After the verification is correct, it shall make an offer to the Shenzhen Stock Exchange for re-custody through the trading system during the trading hours. The securities suspended on the same day cannot be re-custody. After the re-custody entrusted offer, it can also make an offer to apply for cancellation of the order before the market closes on the same day.

3. After the closing of each trading day, Shenzhen Securities Clearing Company will input the processed data of the re-custody into the "settlement data packet" and send it to the securities firm through the settlement communication system, and the securities firm will revise the corresponding share subsidiary ledger in time according to the received data of the re-custody. Every time the transferring brokerage firm accepts the re-custody business, it will charge the investors a re-custody fee of 3 yuan RMB. After the successful re-custody, the investor can still use the Shenzhen account of the original transferred brokerage firm if it is not closed, but where to buy and sell it, otherwise it will be re-custody.