UniCredit Bank provides its clients with various custody services:
- opening and maintenance of custody accounts
- safe custody of securities certificates collection of income on securities the rights to which are registered on custody account
- execution of transfer of securities, including cases when they are encumbered with liabilities
- registration of pledge on securities
UniCredit Bank Custody can fulfil a verification of documentary securities with the issuer of such securities.
The bank can also provide services to non-government pension and unit funds to control the management of the assets that make up the pension or unit fund.
UniCredit Bank can act as an escrow agent for its clients for high-risk transactions (transactions with high value of the transaction and/or with deferred term of its completion). The bank structures such transactions and takes part in their completion, acting as a third party protecting interests of both the seller and the buyer.
UniCredit Bank has a correspondent network and custody accounts abroad (Euroclear Bank S. A./N. V., Clearstream Banking, Luxembourg), and in main settlement depositories and clearing centres of Russia (the National Depositary Center, Depository and Clearing Company, VTB, Vnesheconombank). UniCredit Bank has accounts in more than 50 shareholders’ registrars. Extra accounts may be opened in depositories and registrars at client request.
UniCredit Bank Depositary
Custody of UniCredit Bank was established in 1996. In 2000, it began to act as a specialised depository providing services to non-state pension funds and unit funds. According to a study conducted by the Professional Association of Registrars, Transfer Agents and Depositaries (PARTAD) in 2002 IMB (UniCredit Bank) has been among the top 30 custodians in Russia in terms of the market value of assets in Custody. According to the survey for the date of June 30, 2004 IMB (UniCredit Bank) has the 13th biggest depository in Russia.
In 2007 UniCredit Bank Custody was named Best Sub-Custodian Bank 2007 in Russia according to Global Finance magazine, one of the leading and most respected international editions on custody activity. According to 2005—2006 Agent Banks in Emerging Markets Survey also by Global Custodian Magazine UniCredit Bank Custody was awarded a Top Rated status for servicing both cross-border and domestic non-affiliated clients, being distinguished as Best in Class for all products and services. In 2004 IMB (UniCredit Bank) was named Commended only due the Magazine’s policy, which does not allow a participant to be named Top Rated in its first participation year.
UniCredit Bank is a member of the following self-regulated organizations:
- PARTAD (Professional Association of Registrars, Transfer Agents and Depositories)
- NAUFOR (Self-regulatory organization “National Association of Securities Market Participants”)
- NFA (NSMA — National Securities Market Association)
- AUVER (Association of Promissory Notes Market Participants)
Effective Licenses
Custody license # 177–06564–000100 issued on April 25, 2003 by The Federal Commission for the Securities Market.
Custody of Pension and Unit funds license # 22–000–0–00019 issued on December 7, 2000 by The Federal Commission for the Securities Market, to act as a specialised custodian for pension, investment and mutual funds.
Depository’s operations are based on “Terms and Conditions of Depository Operations.”