The move makes the bank the first custodian bank
to offer such a service in Indonesia.
We are again honoured to receive this prestigious award for our work with this respected global custodian bank
, said AxiomSL CEO Alex Tsigutkin.
NBAD is the first licensed custodian bank
and the only banking institution originating from the UAE that is licensed by the Emirates Securities & Commodities Authority to be a custodian or custody services provider.
Conifer Securities, the hedge fund trade execution arm of fund administration outsourcer The Conifer Group, has appointed research firm Elkins/McSherry, a wholly-owned subsidiary of global custodian bank
State Street, to provide trade cost analysis for its clients.
Bank of New York Mellon, the world's largest custodian bank
, currently has no plan to list in Shanghai, although it hopes to increase the number of shareholders from Asia including China, sad Chairman Robert Kelly at a press conference yesterday.
Morgan Chase and the Bank of New York), the Fixed Income Clearing Corporation, securities dealers, an interdealer broker, a custodian bank
, a money market fund, The Bond Market Association, and the Investment Company Institute.
The receipt is the equivalent of shares and represents the underlying security deposited at a custodian bank
by its issuer.
It represents foreign shares at a custodian bank
in the issuer's home country and carries the corporate and economic rights of the underlying shares.
The re-booking and re-transfer is free of costs and expenses for those DBAG shareholders who hold DBAG shares in collective safe custody with a custodian bank
provided that the custodian bank
itself holds these shares in custody in a securities account at Clearstream.
The new clients are Bank fur Arbeit und Wirtschaft AG in Austria (BAWAG) and two unnamed clients: a custodian bank
in the United States and a Swedish financial institution.
Starting from 1 January 2012, Swissquote will also serve as a custodian bank
for the banking customers of the insurer, with 20,000 of its accounts, equal to CHF450m (USD536m/EUR371m) worth of assets under custody, to be shifted to Swissquote.