TRADING AND CUSTODY SERVICES
- Offered for a broad range of fixed income securities (bonds/sukuks/treasury bills) in local, GCC, regional and international markets through a well established ICS service, backed by a fixed income desk of investment professionals.
- Designed to meet the needs of high net worth individuals as well as institutional clients.
The beneficial ownership of your bonds/sukuks/treasury bills, held in custody, remains with you at all times, are held until maturity or until you sell them.
The bank keeps separate registers and accounts for the client’s securities.
Securities held in safe custody for the client are kept apart from the bank’s own securities. This means that your bonds/sukuks are your assets at all times and do not form part of the assets of NBB. Your assets can only be bought, sold, or otherwise dealt with, on your instructions to NBB.
Requirements for Custodial services: Custodian arrangement should be in place with agreed terms and conditions in the Investment Agency Agreement.
Intermediary & Custody fees: Competitive fees, calculated quarterly.
Coupon and Profit collection: we will monitor the maturity dates of your bond/ sukuks coupons/profits and credits your account with the relevant amounts on the same day they are paid.
Reports & statements: We will generally forward a quarterly statement of investments to you, for your information and records.
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