证券托管

第三部分主要介绍了证券托管环节中的法律制度。

The third part mostly introduces the legal system in the securities depository process .

开设保险外汇资金的境内托管账户、境外外汇资金运用结算账户和证券托管账户；

Opening domestic custody account for foreign exchange insurance funds , settlement account for overseas use of foreign exchange funds and securities custody accounts ;

多数首日购股已在昨日结算，这意味着有更多股票掌握在证券托管机构手中，他们可让卖空者借用这些股票。

Most initial purchases settled yesterday , putting more shares in the hands of custodian groups who hold securities and make them available for investors to borrow .

相反，它们正尝试把精力集中在它们具有优势的业务上，比如国内零售银行业务、财富管理以及证券托管之类的专业领域。

They are instead trying to focus on activities where they have an edge , such as domestic retail banking , wealth management and specialist areas such as securities custody .

中银国际不得向投资者提供融资、融券、境外资金存取及证券转托管服务。

BOC International shall not provide services such as financeding funds , financed and bonds , access of foreign capitals and depository services of securities by transfer .

浅析我国证券投资基金托管制度及其完善

On Chinese Securities Investment Fund Trust System and Its Improvement

我国证券营业部托管法律依据不健全，法律关系不明确。

In China , there lacks a sound legal basis for securities depository with brokerage branches .

（二）具有证券登记、托管和结算服务所必须的场所和设施；

It has premises and facilities required for rendering services including registration and safekeeping of securities , and settlement of stock transactions .

乙方与乙方客户的结算事项，按乙方与客户的证券交易、托管与结算协议办理。

The settlement matters of Party B and its clients shall be handled according to the securities trading , depository and settlement agreements of Party B and its clients .

本文综合运用法律实证分析、法经济学分析以及比较法学分析等方法，对证券投资基金托管制度的法理基础和制度设计进行比较系统的研究。

By the way of empirical analysis , the economic analysis as well as comparative analysis , this paper conducts systematic research on legal basis and system design of trusteeship of securities investment fund .

这种机制意味着，任何人要想在今天卖出某种证券，必须在前一天就已将该证券从托管账户转移至经纪账户，以便为交易做好准备。

This means that anyone wanting to sell a security today must already have moved that security from their custodial account to their brokerage account the day before yesterday in order to be able to trade .

现代证券市场的正常运转需要证券交易、证券登记、证券清算和证券托管机构的存在。

The normal operation of modern securities market needs the securities transaction , registration , clearance and depository agencies .