Funds can be divided into off-site funds and on-site funds according to channels. Funds can convert off-exchange funds into on-exchange funds. The so-called off-site transfer of funds is to transfer the funds purchased off-site to the market for trading. That is, the closed-end fund originally outside the market can become a fund in the secondary market after the transferee completes the account opening procedures and various businesses according to the requirements of the securities business department to be transferred. So what are the benefits of transferring funds from different places? Let's get to know each other.

What are the advantages of transferring funds over the counter?

The biggest advantage of OTC fund transfer is that if investors want to redeem the fund, they can redeem it directly according to the net value of the fund unit. In this case, the liquidity of the fund will be better and the closed period of the fund can be skipped. After the fund is transferred from OTC to OTC, it can also be traded directly in the secondary market, which is no longer limited to subscription and redemption.

It is relatively simple to transfer OTC funds to the exchange, but investors are required to have a stock account, and they also need to know the seat number of the transferred securities company in the exchange, and then handle the transfer custody business at the transferor's agency on the stock trading day, and T+2 will be received after the completion.