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Private Equity Fund Custody

Overview

The Private Equity Fund Custody is a service where ABC performs its duty as the custodian to safeguard assets kept in its custody, protect legitimate rights and interests of investors, and provide private equity fund with such services as account opening, funds settlement, accounting, investment oversight and preparation of custody reports under the custody agreement made between ABC and the private equity fund management company and pursuant to relevant laws and regulations.

ABC provides the following detailed custody services:

1. ABC opens a fund custody account for the private equity fund customer.

2. ABC performs its duty as the custodian to safeguard assets kept in its custody and to protect legitimate rights and interests of the investors.

3. ABC goes through settlement and review processes under the fund manager's funds transfer instructions pursuant to the custody agreement, and ABC retains relevant materials for at least 15 years.

4. ABC oversees the use of private equity fund pursuant to the custody agreement, review the authenticity, legality and completeness of instructions, and then executes instructions only if they comply with the above requests. ABC will refuse to execute instructions and immediately notify the trustor if the manager's instructions are found in violation of the law or the contract.

Features

The custody departments of ABC maintain a team with adequate expertise in fund custody, and also have a sound technical safety system as well as a quick processing system for funds settlement, accounting and transaction oversight, thereby ensuring high safety and efficiency. With regard to hardware facilities, the encrypted high-speed one-way satellite broadcast reception system is used to receive real-time data from stock exchanges in Shanghai and Shenzhen, thereby ensuring timeliness and security of settlements. Furthermore, the dual-server mode provides uninterrupted functioning of the system.

Procedures

1. The private equity fund management company enters into an asset custody agreement with ABC.

2. Investors sign the partnership agreement during the fund offering.

3. Proceeds of the offering are transferred into the custody account of the company.

4. ABC performs such duties as funds custody, funds settlement, review, investment oversight, and preparation of custody reports during the term of fund investment pursuant to the custody agreement. 

Application Channels

The custody departments of ABC as authorized by the Head Office.

Tips

By providing private equity fund custody services, ABC does not make any guarantee or commitment on the investors' principals or returns.
Note: Please contact your local branch for detailed information about the service.

Customer Service Center : 95599

Outlet

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