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Main Custody Instruments:
- Equities (shares);
- Bonds of enterprises;
- Bonds of local loans;
- State bonds of Ukraine;
- Treasury obligations of Ukraine;
- Investment certificates;
- Mortgage certificates;
- Mortgage bonds;
- Certificates of funds of operations with the real estate.
Our advantages:
- Low tariffs developed to attract clients;
- Special terms for professional participants of stock market;
- OTP Bank is a member of the OJCS Depository “MFS”. This gives us the possibility to settle all securities transactions quickly and to guarantee the proper execution of clients’ instructions;
- Special schemes of funds settlement and re-registration of ownership rights for securities which guarantee the decrease of risks related to DVP transactions;
- Qualified staff experienced in working with resident as well as with non-resident clients;
- Introduction of the newest technologies;
- Individual approach to every client.
The main objectives of OTP Bank are to create and to maintain Western standards combined with local market knowledge by:
- High quality of services;
- Reliability;
- High level of process automation;
- International standards.
- Handling of transactions with every Global Depositories of Ukraine: Depository MFS, Depository of National Bank of Ukraine, National Depository of Ukraine.
Main Custody Services:
- Securities account opening:
- OTP Bank opens securities accounts as for Clients and individuals – residents and non-residents as well and provides Custody services for all kinds of securities. After the opening of securities account the client becomes The Deponent.
- Maintenance of appeal of securities on the accounts in securities:
- Storage of Deponent’ s securities;
- Maintenance of operations on the account in securities;
- Maintenance of operations of issuer in relation to the securities let out by him;
- Blocking and unblocking the securities by orders of the client.
- Re-registration of securities:
- OTP Bank provides the re-registration of clients’ securities in nominee name of OTP Bank or in the nominee name of Depositary “MFS” as well as re-registration from the nominee name in the name of the Beneficial owner.
- Income collection:
- Acting as a nominal holder of securities, OTP Bank collects income for Deponents’ securities, distributes it among the clients and repatriates such income to securities owners.
- Corporate actions:
- Participation on the basis of the Power of Attorney from the client in both EGMs and AGMs, as well as execution of operations connected with corporate actions of the issuer (stock splits, consolidations, etc.)
- Reporting to the clients on the securities accounts balance and transactions:
- OTP Bank’s Custodian prepares for the Deponents certificates about the state of accounts in securities and security-related operations on their accounts in securities;
- OTP Bank provides Clients with statements of holding and statements of transactions as well as other reports related to the maintenance of the securities account (settlement confirmations and failed transactions) by SWIFT MT5XX.
- Tax reclaim:
- According to the Double Taxation Treaties and on the basis of the Power of Attorney from a Client we can claim taxes on the securities income overpaid by our non-resident clients.
- Custodian gives to the client informative certificates:
- Custodian provides the Deponents with information and consulting services concerting conjuncture on the stock market, conditions of securities circulation, other information necessary for fulfillment of the Client’s rights and obligations.
- List of documents which are required for opening of securities account
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