Custody Department

Bank, as per Custody operations and in accordance with Laws and regulations, is capable of preforming following services:

  1. Opening and Managing Securities account with Central Depository Agency on the behalf and for the account of legal owners- Banks (clients holder/own account)
  2. Opening and Managing Securities account with Central Depository Agency on the behalf of Custody bank, and for the account of legal owners- its clients, o for their clients which are not legal owners of those securities, and for the account of the legal owners ( Collective Custody Account )
  3. Executing orders for transfer of rights on the Securities and orders for registering rights of the third parties on the securities and ensuring transfer of those rights from those securities.
  4. Collecting claims from issuers on the basis of matured securities, interest and dividend on behalf of legal owners of those securities and ensuring exercising of other rights belonging to legal owners of securities which are Clients of the Bank;
  5. Informing shareholders about the Annual assemblies of the joint stock companies and representing them at those assemblies as per their Authorization (PoA)
  6. Ensuring fulfilment of tax obligations of the client related to securities which are legally owned by the Client
  7. Borrowing of the securities, under special terms and conditions defined by the Bank and in accordance with Laws, internal procedure and Risk control for each lending operation and/or client respectively.
  8. Opening and Managing Securities account for the client for Foreign Securities as Sub Custody account of the Bank with the Foreign Custody bank.
  9. Managing business services related to financial derivatives in accordance with Law on Securities.
  10. Other business activates specified by the Laws, Business regulations, as well as with contract between client and the Bank.