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Unified account opening by clients of Futures-firms (for special institutional clients)Business Description

Updated on Nov 20,2013

(1)Futures-firm member enters information on clients into the unified account opening system at monitoring center based on account opening materials submitted by clients;   

 

(2)Monitoring center checks the completeness of account opening materials and the correctness of their formats, and then double check the consistency between information on client’s organization certificate code and feedback on results from National Administration for Code Allocation to Organizations (NACAO). When it comes to securities orientated assets management product, the double-check will also involve the consistency between name and ID No. of individual client in client of such products and feedback on results from National Citizen Identity Information Enquiry System, as well as between name of client as company plus organization certificate code and feedback on results from National Administration for Code Allocation to Organizations (NACAO). When it comes to clients passing the review, monitoring center will forward its account opening application to the Exchange for processing while the application that fails to pass calibration will be returned to Futures-firm;            
 
(3)The Exchange reviews the account opening application that passed calibration by monitoring center, and then generates trading code after passing the review. 
 
(4)Monitoring Center provides Futures-firm with the feedback on processing results of account opening application;  
 
(5)Futures-firm obtains trading code reviewed and approved by the Exchange.
 
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