Mutual insurance fund (also known as securities settlement mutual insurance fund) refers to the funds paid by settlement participants to make up for the lack of liquidity and settlement default losses when settlement default occurs. Securities settlement risk funds, securities settlement mutual insurance funds collected by securities registration and settlement institutions, as well as settlement collateral, repurchase pledge bonds and other funds and securities used to ensure settlement.

1. The securities registration and settlement institution shall, in accordance with the principle that * * * bears the settlement risk, organize the settlement participants to establish a mutual insurance fund for securities settlement, which will be used to guarantee the continuous settlement when the settlement participants default.

2. The measures for raising, using, managing and repaying the mutual insurance fund for securities settlement shall be stipulated by the securities registration and settlement institution in its business rules. Securities settlement risk funds, securities settlement mutual insurance funds collected by securities registration and settlement institutions, as well as settlement collateral, repurchase pledge bonds and other funds and securities used to guarantee settlement.

1. When a settlement participant defaults in fund settlement, the securities registration and settlement institution shall use the funds in the following order to complete the fund settlement with the counterparty settlement participant:

1, the cash part of the collateral of the default settlement participant.

2. The part paid by default settlement participants in the mutual insurance fund for securities settlement.

3. The part paid by other settlement participants in the securities settlement mutual insurance fund.

4. Securities settlement risk fund.

5. Other funds.

Second, the mutual gold platform

The full name of the mutual gold platform is the Internet financial platform, referred to as ITFIN. The peer-to-peer lending model of the mutual gold platform has unique advantages in serving small and micro enterprises. Small and micro business owners can obtain financing through intermediaries in their own names, which is not only convenient and fast, but also can effectively use social idle capital. In addition, institutions can effectively reduce service costs through the network and meet the needs of small and micro enterprises. These are the advantages of the mutual gold platform. Peer-to-peer lending on mutual fund platform refers to the small loan transaction between individuals through the network platform. There are many p2p in Shenzhen. Borrowers can publish loan information by themselves, including the amount, interest, repayment method, time, etc., to realize self-help loans; According to the information released by the borrower, the lender decides the loan amount by itself to realize self-help lending.