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Trade Finance

Custody Services

 

Custody Services involves the holding, safekeeping of securities and maintaining accurate records of entitlement and ownership. The core function of custody services is settlement, safekeeping and reporting.

It is what happens after the decision to buy or sell securities has been taken by the client or client agent.

This process involves settlement for trades carried out on funds for which we are the Custodians. If a registered security is involved, receive the documents of title from the issuer, keep in Safe Custody and maintain a record. Thereafter monitor any declarations regarding entitlements and the eventual payment.


This service is available to institutional investors as well as high net worth individuals.
Our clients include:-

  • Pension Funds
  • Provident Funds
  • Staff Retirement Benefits Schemes
  • Guaranteed Schemes [Administered by Insurance Companies]
  • Pooled Funds or Schemes.
  • Collective Investment Schemes
  • Offshore Fund Managers/ Custodians

Under Custody we carry out:-
  • Settlements

  • Safe keeping

  • Corporate actions e.g. bonus issues, rights issues,

  • Registration

  • Proxy voting

  • Tax reclamation

  • Income collection

  • Valuation

  • Reporting

  • Inward and outward remittances

  • Foreign Exchange Conversion

  • Cash Management

[Every Client is assigned a Custody Investment Account with a unique Equity Nominee Limited Ltd Account Number]

Share Trading Services

 

BUY & SELL SHARES  AT EQUITY BANK

This service enables a client, both individual and corporate, to trade in shares listed at the Nairobi Stock Exchange directly through Equity Bank at no extra cost thus enjoying several benefits notably, prompt trade settlements and added security of their holdings.

BENEFITS: WHY USE EQUITY BANK?
  • A very secure & safe place for your shares

  • Next day payment of share sales proceeds

  • Same day trading for orders placed 1 hour before close of trading

  • Fast, efficient, friendly service

  • No additional charges apart from NSE levies and brokerage charges!

  • Service available in all our branches

REQUIREMENTS:

  • Open a CDS Account With Equity Bank

  • Transfer your CDS account & shares from your existing broker


 

Custody Investment Account

'Security, Convenience, Efficiency'

The investment account enables a customer to conveniently invest in assets such as deposits, treasury bonds, bills, corporate bonds, unit trusts and offshore securities in addition to shares, by having all the assets under a unique equity nominees account assigned to the customer.


BENEFITS: WHY INVEST THROUGH THE CUSTODY INVESTMENT ACCOUNT?

  • It enables the consolidation of the client’s assets and the utilization of professional expertise available from a custodian bank.

  • It enhances the security of the assets.

  • It ensures the timely collection of capital and income such as dividends and interest

  •  It reduces transaction settlement risk.

  • Regular Investment Portfolio Valuations and Reports.

  • Saves time and resources for the clients, as they do not need to go through the various rigorous investment processes and dealings with several intermediaries at a time.

  • Suitable for clients who want to diversify their investment portfolio efficiently and with reasonable cost.

  • Fast, Efficient, Friendly Service


REQUIREMENTS:

1.    Individuals Clients

  • Sign a Custody Agreement

  • 2 color passport photographs

  • Copy of ID/ Passport

  • Copy of Tax Pin Certificate

2.    Corporate Clients

  • Sign a Custody Agreement

  • List of Directors/ Trustees

  • Copies of ID/ Passport of the Directors/ Trustees

  • 2 Passport Photographs of the Directors/ Trustees

  • Certificate of Incorporation/ Registration Certificate

  • Copy Tax Pin certificate of the entity

  • Copy of the Tax exemption Certificate ( where applicable)

  • Copy of the Memo & Articles  of Association ( where applicable)

  • Copy  of Board Resolution or Minutes to open Custody Account ( where applicable)

    CONTACT CUSTOMER SERVICE AT ANY EQUITY BANK BRANCH OR CALL EQUITY CUSTODY SERVICES ON:

     Equity Bank Ltd. | Equity Center Ground floor, Upper Hill, Hospital Rd
    P.O Box 75104 - 00200 Nairobi Kenya
    + 254 20 226 2471-4

                                                                                            email: custody@equitybank.co.ke

 

 

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