1, DTC digital trade chain was established on 20/7 by seven banks, including KBC, Deutsche Bank, HSBC, Natixis, Dutch cooperative bank, Industrial Bank, and UniCredit Italy, with the aim of simplifying the domestic and cross-border business activities of European SMEs by using the power of digital distributed ledger technology (blockchain).
2. The cheque designated by the receiving bank is used to deposit the daily income of the company from multiple locations. Depository receipts are a way to ensure that companies that collect cash in multiple locations manage cash better. The third-party information service first transmits the data about the receipt of the day from the facility manager of each location to the central bank. Then, the central bank creates DTC for each deposit location according to the data and inputs it into the check processing system. DTC is also called "Depositary Receipt".
The following are the explanations of some financial terms: shadow banking generally refers to non-bank financial institutions that have certain banking functions, but are not regulated or have a low degree of supervision. Simply put, shadow banking is a financial institution that can provide credit but is not a bank. China's shadow banking mainly includes off-balance-sheet businesses, such as trust companies, guarantee companies, pawn shops, money market funds, various private equity funds, microfinance companies and various financial institutions. Features: many institutions, small scale, low level of leverage, but rapid development. PPI (Producer Price Index) is a producer price index to measure the (average) price of products produced by domestic producers. The rise of PPI means the rise of enterprise production price index. PPI will have a certain impact on CPI (Consumer Price Index). It reflects the price level of production links, while CPI reflects the price level of consumption links. Generally speaking, the fluctuation of the overall price level first appears in the production field, and then it is transmitted to the downstream industries through the industrial chain, and finally to the consumer goods in the circulation field. LOF fund is called "listed open-end fund" in English, also known as "listed open-end fund", that is, after the listed open-end fund is issued, it invests in gold. In other words, investors can subscribe and redeem fund shares at designated outlets or buy and sell funds on exchanges. However, if investors subscribe for fund shares at designated outlets and want to sell them online, they must go through certain transfer and custody procedures; ; Similarly, if they buy fund shares in online exchanges and want to redeem them at designated outlets, they must also go through some transfer procedures. Certain handover procedures must be handled.