As we all know, banks are the largest local economic institutions, which are closely related to the daily life of ordinary people, so everyone may deal with banks. At this time, the bank custody funds were discovered. So what does this mean? Can it be used for lending? Come in and have a look.

It is reported that bank custody fund refers to the intermediary business in which banks are engaged in custody of custody assets, handle fund settlement in the name of custody assets, conduct accounting and valuation of custody assets, supervise the investment operation of managers, protect the interests of asset customers, and collect custody fees according to laws, regulations and custody contracts.

Although bank custody funds look like bank deposit business, they cannot be used for lending, which is not allowed. At present, there are many kinds of bank custody business, including securities investment fund custody, entrusted asset custody and social security fund custody.