In accordance with the "Regulations on the Supervision and Administration of Private Investment Funds" and relevant guidelines of Nanjing's "4+N" Industrial Fund Cluster, the Nanjing Talent Mother Fund (Limited Partnership) (hereinafter referred to as the "Talent Mother Fund") and Nanjing Southeast Investment Fund Management Co., Ltd. (hereinafter referred to as the "Management Company") jointly announce the selection process for the fund's custodian bank. The details are as follows:
I. Primary Responsibilities of the Custodian Bank
The custodian bank shall primarily ensure the security of the fund's assets, specifically responsible for the custody, disbursement, and settlement of fund assets, conducting dynamic supervision of investment activities, and regularly submitting custody reports to the manager. Key responsibilities include:
1.Designating a branch for opening the fund's custodian account, establishing accounts for fundraising, custody, and other required purposes, and safeguarding relevant account materials.
2.Handling fund asset custody, account management, and capital settlement, ensuring the independence and security of fund property, and implementing dynamic supervision of investment activities.
3.Reviewing and executing payment instructions and supporting documents in accordance with the fund agreement (charter), partner (shareholder) meeting resolutions, and other valid documents.
4.Providing custodian business data as required by the fund manager, including reconciling accounting records within five working days at the beginning of each month and providing stamped online banking receipts and statements; offering efficient channels for capital transactions, third-party custody, securities transfers, and capital supervision services; enabling real-time capital movement alerts, balance inquiries, and transaction detail queries/downloads.
5.Supervising the use of fund capital, producing quarterly, semi-annual, and annual custody reports in compliance with format requirements, submitting quarterly custody reports within 10 days after each quarter, and annual custody reports within one month after the end of each fiscal year.
6.Providing product quotations for idle capital management upon request, without obstructing the fund's purchases of fixed-income financial assets (e.g., bank deposits, government bonds) from other banks.
7.Prioritizing financing support for mother-child fund investment projects, subject to regulatory rules and bank credit policies.
8.Dynamically monitoring capital usage, recovery, and management, promptly reporting abnormal flows to the fund manager and investors.
9.Cooperating with supervision efforts without refusal, obstruction, delays, or provision of false information.
10.Fulfilling other duties stipulated in the custodian agreement and relevant laws. Violations may result in unilateral termination of the custodian agreement without liability for breach.
II. Eligibility Requirements for Custodian Banks
Participating banks must meet the following criteria:
1.Legal entity or branch capable of independently bearing civil liability, with sound commercial reputation, financial accounting systems, and records of tax and social security payments.
2.Commercial bank established for ≥5 years, recognized as a Domestic Systemically Important Bank (or branch) by the People's Bank of China and the National Financial Regulatory Administration, with a headquarters or branch in Nanjing.
3.Fund custody qualification approved by the National Financial Regulatory Administration.
4.Dedicated custody department and personnel capable of timely issue resolution, with notification to the fund manager within five working days of personnel changes.
5.Necessary equipment, systems, technical expertise, and robust custody, audit, and risk control systems.
6.Experience in custody of government investment funds, private equity funds, or other fund assets.
7.Ability to provide principal-guaranteed management solutions for idle fund capital.
8.No major negligence or penalties from administrative/judicial authorities in the past three years.
9.Joint applications are not accepted.
10.No legal or regulatory prohibitions on participation.
III. Selection Process
The process will include: announcement release, eligibility review, expert evaluation, partner meeting deliberation, and agreement signing.
1.The fund manager will publicly announce the selection and review applications.
2.Eligible banks will submit application materials to the fund manager.
3.The fund manager will conduct eligibility review and organize expert evaluation to propose a custodian bank.
4.The fund manager will convene a partner meeting to finalize the selection and sign the custody agreement.
IV. Application Method
（1）Applicants must prepare the following materials (stamped):
1.Application letter (see attachment)
2.Authorization from the bank’s headquarters or branch
3.Commitment letter (stamped by the applicant bank and headquarters)
4.Copies of business license, financial license, and fund custody qualification certificate
5.Bank profile, including PBOC evaluation results, custody department functions/systems, and team introduction
6.Proof of experience for designated liaison personnel and service methodology
7.Summary of custody experience, including number/size of funds custodied (provide summary table)
8.Service details: custody fee quote, payment/settlement charges, and time-bound commitments
9.Declaration of no penalties in the past three years
10.Other relevant materials (e.g., support for local/state-owned enterprises, customized services)
（2）Applicants are responsible for the authenticity of materials and must commit to implementing proposed services. False submissions will result in disqualification.
（3）Submission requirements:
1.Deadline: 24:00, September 23, 2024
2.Method: Electronic copies to 2529350943@qq.com (email subject: "Bank Name + Applicant + Phone"), and two hard copies to Southeast Fund Financial Department, 28F, Newland Center Phase II, 168 Lushan Road, Jianye District, Nanjing
3.Contact: Yan Qianru, Tel: 13611592208
V. Other Matters
1.The custodian bank must strictly adhere to commitments. The fund manager will conduct ongoing evaluations to ensure compliance and service quality.
2.Breaches of commitments or agreements may result in liability for breach of contract.
Source: Southeast Fund Company
Reviewed by: Xue Yao
Published by: You Yi
