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.
