Bond settlement mode is called securities company settlement mode, which is a kind of fund settlement through brokers, that is, the settlement behavior is carried out in the account opened by brokers.

Voucher settlement mode can improve the security of settlement and reduce accidents by allowing brokers to provide settlement services; The bond model can also encourage brokers to maintain their fund holdings, and brokers can only get more commissions by increasing their holdings, which is conducive to the development of the whole industry.

With the development of funds, the power and influence of brokers are increasing, and the bond model can deeply bind brokers and fund companies. At the same time, because brokers can get more benefits through bond model, brokers are more willing to promote bond products, forcing fund companies to do better, otherwise bond companies will not pay attention to non-bond products, and bond model has an important role in promoting the development of public offering in fund industry.