Custody services

RCB Bank Ltd offers the ancillary service of safekeeping and administration of financial instruments for the account of clients, including custodianship and related services for clients’ securities. RCB cooperates with major global securities depositaries such as Euroclear and Clearstream, with which it has concluded interdepositary agreements. Accounting for securities issued by Russian institutions is conducted in cooperation with JSC Bank VTB’s depositary.

Main features of custody services
  • Safekeeping and custodian accounting of clients’ securities;
  • Regular reports and statements on clients’ securities portfolios;
  • Receiving and distributing dividends, coupons and other income from corporate actions;
  • Informing clients of corporate actions on the basis of notifications received from third-party depositaries.
Custody services
Maintenance of custody account (portfolio)
Safe-keeping charge
(charged quarterly)1
0,15% p.a. (min. 100 EUR per year)
Monthly maintenance of segregated account for client with sub-custodian (Euroclear, Clearstream, VTB),
per sub-custodian account
Monthly maintenance is paid based on individual invoices
Custodian transfers
Transfer of securities DVP or FOP to/from external custody 50 EUR
Change or cancellation order in external custody 15 EUR
Corporate actions (CA), taxation
Forwarding notifications of CA obtained from sub-custodians/issuers to a client Free
Client initiated requests for information on CA to a sub-custodian 50 EUR per request
CA initiated by the issuer
e.g. additional issue/exchange of securities, repurchase after liquidation, liquidation etc.
Free
CA/disclosures to the issuer at the client’s discretion for request: capital increase, IPO, exchange offer, conversion, exercise of warrants, optional dividend, reinvestment funds and other 50 EUR per instruction
CA at the client's discretion for voting instructions 50 EUR per voting instruction
Certification of client’s holdings for relevant markets through
sub-custodian
50 EUR per certification
Assistance in obtaining tax relief under a Double Taxation Treaty directly from an issuer Charged individually per client’s request on a case by case basis,
min. 50 EUR, max. 250 EUR
Other custodian services2
Manual processing of custodian instructions received on paper/fax 20 EUR
Transfer of income to a client’s account to third banks Charged as per payments/transfers commissions
Obtaining statement from external custodian upon request 50 EUR per statement
Additional portfolio statement
(any statement requested by client in addition to monthly portfolio statement)
5 EUR per additional statement

1Charge is accrued on market value of client’s holding. In case market value is not available, the nominal is used for bonds, for shares a default price of 2 EUR per share is applied. Standard safekeeping tariff is applicable for international securities, US, GB, IE, RU. Safekeeping of securities in other local markets may involve additional costs.
2The third parties charges (Global Depositary Receipt (GDR) agency fees, notary, postage etc.) are to be reimbursed by the client at cost.

Advantages of custody services
  • The possibility to conclude a custody agreement dedicated only to safekeeping of securities under custody of RCB Bank Ltd;
  • Competitive tariffs and individual approach;
  • Opportunity to monitor a portfolio's value with a breakdown by securities online via RCB Online Banking.