First of all, the so-called "on-site subscription" is usually aimed at LOF. LOF is the abbreviation of English name of listed open-end fund. Funds can use the fund company's open-end fund account to subscribe, purchase and redeem fund shares outside the usual open-end fund entrustment system, that is, outside the exchange (called OTC); You can also use Shanghai or Shenzhen securities accounts (including stock accounts or closed-end fund accounts) to buy and sell open-end funds with fund shares on the exchange through the stock entrustment system (called floor).

2. Off-site subscription refers to direct sales at bank counters, bank online banking, fund company websites, etc. , all belong to different places to subscribe. On-site subscription at bank counters, bank online banking, and securities companies are all consignment channels, while purchase at the fund company's website is a direct sales channel, and the rate is relatively favorable. The time for fund redemption is generally T+4.