On the one hand, the development of securities settlement business benefits from policy encouragement. This model separates the responsibilities of participants and custodians in the traditional custodian settlement model, and can prevent transaction and settlement risks by strengthening the front-end supervision of transaction behavior; On the other hand, the return of clearing data to securities companies has promoted the closure of risk exposure under the settlement mode of custodian banks, improved the supervision system centered on supervision members of the CSRC, and maintained the order and stability of the securities market.

At the same time, under this model, brokers can also establish deep ties with Public Offering of Fund companies, provide comprehensive services integrating the functions of "custody, transaction, settlement and investment research" for Public Offering of Fund, strengthen the stickiness and customer cooperation between brokers and fund companies, and promote the further development of brokers' wealth management business, which has become one of the important business graspers to promote the transformation of brokers to wealth management.