Agency Bond Settlement

Definition
Small-and-medium banks and non-banking institutions authorize «First Sino Bank» to settle bonds on their behalf, including other services as short-term finance, bond trading, payment of interest and principal of bond and market watch.
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.