Recently, many banks provide services for storage and accounting of securities of the client.This is the depository activities of credit institutions.And as the object may make securities documentary and non-documentary form, equity and non-equity.The main thing - that they all had valid and have been issued in accordance with applicable law.
Depository activities in the securities market implies the presence of various accounting institutes: those that deal with the storage of documents, and those that were led single register of fixing the owners of payment documents.The activities of such organizations makes it easy to confirm the presence or absence of rights for a particular security.There are companies that provide services exclusively for safekeeping.In this case, the question of depository activities can not be, since it necessarily involves consideration and confirmation of the rights of the owner.
addition, depository activities in organizations is constantly being improved, for example, introduced a number of additional services related core activities.To those include help in the sale of securities for the benefit of the owner or the control and regulation of the process of payment of dividends on shares.Provide one way or another related services shall be indicated in the contract with the client, that will be evidence of consent to engage one side of the specified list of operations and the other to pay for it.
Among the total weight of the accompanying services can identify the most common:
- Account for transactions with payment documents and control over movement of funds.
- Settlements and the transit currency account if the securities transactions conducted in foreign currencies.
- distribution of interest income, such as dividends to shareholders.
- the reconciliation of securities certificates and the establishment of their authenticity.
- On request held data collection certificates and their subsequent transportation to a destination.
- When it comes to joint-stock companies, the credit organization can represent the interests of his client at the general meeting of shareholders, and in some cases and make decisions most favorable to the client.
- Development of specific measures to promote the maximization of profit owner of the securities using the effective use of its existing rights.
- Providing consulting services in the field of investment activities and customer relationships with the tax authorities.
- Other activities aimed at meeting the requirements of consumer groups, and does not contradict the norms of the current legislation.
Custody services are actively used in the securities market, and party relations exercise it is referred to as the depositary.It must be a legal entity and have a specialized license, giving the right to conduct certain types of operations.Depositary activity meets certain requirements, standards and norms that should not be hidden from the public.They are available to any natural or legal person, as provided for his first request.
client company engaged in depository activities, language specialists called the depositor.And the Bank could also be a depositor in case bank securities are held and accounted for a third party.After all, when a credit institution conducts large-scale operations in the securities market on the staff has a great burden that distracts from the core business.That is why the management team may decide whether the introduction of additional cost items for the services of a third party.
