| Business Services >> Custodial Services |
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ONE STOP SHOP offering end-to-end custody solution for |
• Equities and Fixed income Instruments.
• Exchange Traded Derivatives.
• GDR/ADR/Euro Issues and Arbitrage.
• Government Securities and Treasury Bills.
• Fund Accounting.
• Regulatory Links.
• Latest Circulars .
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ICICI Advantage |
• India's largest private sector bank and second largest bank in
the country.
• Credit rating at par with sovereign rating.
• State of art clearing, settlement and risk management systems.
• SWIFT interface for communication.
• Seamless delivery through focused client relationship group
with a fall back.
• Online viewing of reports through web enabled reporting and
Internet Banking.
• Quick turn around time for customer queries.
• Fireproof vault / cabinet for physical security storage.
• Comprehensive disaster recovery plan.
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Customer Segments |
• Foreign Institutional Investors (FIIs).
• Foreign Venture Capital Funds.
• Overseas Private Equity Funds.
• ADR/GDR arbitrageurs (non - resident entities).
• Overseas Depository Banks for GDR/ADR issues.
• Pension Funds and Trusts.
• Domestic Venture Capital Funds.
• Insurance Companies.
• Portfolio Management Companies.
• Mutual Funds.
• Domestic and Foreign companies.
• Trading Members on stock exchanges.
• High Net worth Individuals.
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Equities and Fixed Income Instruments |
ICICI Bank offers complete range of custodial services and ensures
high processing standards which are ISO 9001:2000 certified. We
offer: |
• Guidance and Application for foreign investments with
regulators.
• Application for trading codes to stock exchanges.
• Strong Straight Through Processing (STP) platform for trade
confirmation and settlements; receipt and delivery of securities
in both physical and dematerialized form.
• Dividend and other corporate benefit tracking and collection.
• Customised Information system.
• Web enabled reporting system.
• Computer controlled storage vaults and premises for
safekeeping of the securities.
• Proxy and Nominee Services (where permitted).
The Bank has also been appointed as the Custodian by The
National Stock Exchange - the country's leading automated
exchange in respect of the securities deposited by the brokers for
their trading exposure.
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Our Core Strengths |
• Mature STP Platform: We offer fully developed STP platform
for seamless exchange of trading information from customers
and brokers. This facilitates timely settlement of trades and
enhances the efficiency of the settlement process with minimal
manual intervention.
• Fund Settlement and transfer: Integrated fund transfer and
settlement system.
• Online Functionalities: Electronic banking and availability of
portfolio statements on web. Online Uploading and downloading
of reports.
• Corporate Benefit Entitlements: Online forthcoming corporate
benefits report, Entitlement collection report and follow up for all
outstanding benefits.
• Forex Remittances: - Speedy processing of inbound and
outbound remittances and competitive rate for forex conversion.
• Customised Reporting - Apart from providing an extensive suite
of standard reports, systems are geared for customized
reporting for meeting client requirements as well as equipped
to talk to a variety of customer systems.
• Dedicated Client Relationship Personnel - Experienced
Relationship Managers available for extended hours.
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Reports (Web based Reporting) |
• Holding Statement
• Asset Valuation
• Transaction Report
• Bank Statement
• Forthcoming Corporate Actions Report
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Derivatives clearing: |
The ever-changing face of the stock market has made derivative
instruments an important component of all investment portfolios.
India is one of the few markets in the world simultaneously offering
the stock options and futures and Index Options and Futures.
Currently the average daily traded volume in derivatives segment is
four times the existing cash market volume of NSE. ICICI bank is a
registered Professional Clearing Member (PCM) for the Derivatives
Segment on both National Stock Exchange (NSE) and Bombay Stock
Exchange (BSE). We are pioneer and have set processing standards
in derivatives clearing business. We offer: |
• Application for trading codes to stock exchanges.
• Calculation and monitoring of margins - Initial and Mark to
Market (MTM).
• Monitoring of applicable position limits.
• Trade give up.
• Settlement of trades.
• Reporting of fund position for margin obligations.
• Customized Information system.
• Web enabled reporting system.
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Our Core Strengths: |
• State of the Art Risk Management System: Fully integrated risk
management system ensuring quick and reliable monitoring of
available and required margin and position limits.
• Structured Products: Structured products to meet the collateral
requirements as defined by the exchange.
• Online monitoring tools for Mark To Market margin.
• Banking arrangement with all the major custodian banks in
India: Instant exposure is provided to the client anytime during
the trading hours.
• Customized Reporting: Customized reporting for meeting client
requirements.
• Dedicated Client Relationship Personnel: Experienced
Relationship Managers available for extended hours.
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Daily Reports (Web based reporting): |
• Position Limit utilization Report.
• Margin Movement Report.
• Daily Activity Summary Report (Scrip wise day's trade, open-
close position and MTM)
• Scrip wise margin rates Report.
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Custodians for ADR/GDR issues: |
ICICI Bank is custodian to the largest number of ADR/GDR issuance
from India. Actively involved in committee instituted by regulators
for policy formulation and operative guidelines on 2way fungibility.
We offer: |
• Delivery and settlement of underlying shares upon cancellation
of ADR/GDR.
• Reissuance of ADR/GDR.
• Reporting of corporate benefit entitlements in cash or kind.
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Our Core Strengths: |
• SWIFT based information exchange system.
• Local custodians for majority of actively traded ADR/GDR
issues by the Indian Companies facilitating instant credit of
underlying shares into Custodial account in India.
• Quick Head room information.
• Quick processing of cancellation and reissuance requests
through fully integrated and automated systems.
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Fund Accounting: |
We provide discretionary fund accounting services as a value
addition to our custody clients. We offer: |
• Investment Accounting - for all purchases and sales along with
the profit and loss.
• Valuation - for all securities - equity, debt, gilt, money market
instruments, derivatives etc.
• Unit Capital Accounting - for recording capital inflows and
outflows from the fund/portfolio.
• Income and expense accounting - daily accruals.
• NAV Computation.
• MIS and Regulatory Reporting.
• Reconciliation - reconciliation with third parties like registrar,
bank or custodian.
• Regulatory reporting.
• Insurance Regulatory and Development Authority (IRDA).
• Reserve Bank of India (RBI).
• Securities and Exchange Board of India (SEBI).
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Regulatory Links: |
www.nseindia.com
www.bseindia.com
www.nsdl.co.in
www.cdslindia.com
www.sebi.com
www.rbi.org.in
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Constituent Subsidiary General Ledger (CSGL): |
CSGL facilitates large banks and financial institutions to hold their
investments in Government securities and Treasury bills in the
electronic book-entry form. Such institutions can settle their trades
for securities held in SGL through a Delivery-versus-Payments (DVP)
mechanism, which ensures movement of funds and securities
simultaneously. ICICI Bank offers opening of SGL accounts and
facilitates investment in Government Securities and T- Bills.
We offer:
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• Trade Confirmation & Settlement
• Dematerialisation and Rematerialisation - Conversion of
physical certificates into the electronic book entry format and
vice versa.
• Corporate Action - Tracking and collection of corporate benefit
entitlements. Which also includes:
• Primary Market Auctions.
• Open Market Operations/ Value Free Transfer.
• Calculation of Interest and Redemption.
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Our Core Strengths: |
• Fully Integrated Fund and Settlement system eliminating
settlement risk.
• Completely web based reporting.
• Experienced Relationship Managers available for extended
hours.
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Contact : |
Mr. Shyam Agarwal
Sector Head - Custody & Securities Markets Services
ICICI Bank Towers,
North Towers - 3rd Floor, East Wing,
Bandra Kurla Complex,
Bandra (East)
Mumbai 400 051
Tel : +91 22 26536328 (Direct) / +91 9820571141 (Mobile)
Fax : +91 22 26531062
email : shyamsunder.agarwal@icicibank.com
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