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What's the difference between a directed asset management plan and a trust plan?
Similarities:

1. The project issuers are all financial institutions, belonging to investment and financing platforms, which can span the fields of capital market, money market and industrial market.

2. Before the project is issued, it must be reported to the relevant regulatory authorities, and there are strict regulations on fund supervision and information disclosure.

3. The issued projects have the same nature, different channels, the same subscription method, and the project contracts and specifications are similar.

4. At present, the investment income obtained through these two methods does not need to be withheld and remitted.

Difference:

1. Trust companies are supervised by CBRC, and directional asset management companies are supervised by CSRC;

2. After the collection of the trust is completed, the trust can be established after the funds are paid to the custodian bank; After the targeted asset management plan is raised, it needs to be submitted to the CSRC for capital verification, and it can only be established after the capital verification is completed;

3. The share of the future directional asset management plan can be transferred to other investors through the exchange; The transfer of trust shares requires both parties to go to the trust company at the same time.

4. Directed asset management plan is a new product in the market, and the channel fee charged for doing a good brand is lower than that of trust, so the income transferred to investors is higher than that of trust products.