Custody

Service of a bank (or another authorised entity) consisting in the custody and administration of securities and the settlement of securities transactions on the domestic and foreign markets. A property securities account is opened for the client in which the bank – based on the client’s instructions – carries out the settlement of the client’s transactions in the capital markets. The bank, as the manager (custodian) carries out the activities aimed at preserving the rights attached to the securities under its management. Income is collected to the credit of the customer’s account e.g. in the form of dividends or bond coupons or payable principal; the so-called corporate events are being processed, such as cleavage of securities, subscription rights, etc., or the issue of tax refund is ensured at the client’s request.