Definition
Financial institutions that draw deposits from all have been authorized by other market participants to settle the bonds on their behalf.
Applicable Clients
Small-and-medium banks and non-banking institutions.
Price
An agency commission of not more than 10,000th of the face value of the settled bond, a fee of RMB 500 paid to Central Clearing and Settlement Company for opening the account and a fee of RMB 100-200 for each transaction.
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