Securities Services. 1. Publicly offered securities may be traded by legal persons established under Chilean law, whose sole purpose is securities brokerage, either as members of a stock exchange (stockbrokers) or outside the stock exchange (securities agents), and these institutions must be registered with the Superintendencia de Valores y Seguros, SVS (Securities and Insurance Commission). However, only stockbrokers may trade shares or their derivatives (subscription options) on the stock exchange. Non-share securities may be traded by stockbrokers or securities agents registered with the SVS. 2. The purpose of financial portfolio management is to diversify investments, on behalf of third parties, over a range of instruments and may be provided by securities traders (stockbrokers and securities agents) as a complementary activity for their clients. 3. Publicly offered securities risk rating services are provided by rating agencies established for the sole purpose of rating publicly offered securities, and they must be enrolled in the Registro de Entidades Clasificadoras de Riesgo (Register of Risk Rating Agencies) maintained by the SVS. They are inspected and controlled by the SVS. On the other hand, the inspection of rating agencies with respect to the rating of securities issued by banks and financial companies is the responsibility of the Superintendencia de Bancos e Instituciones Financieras, SBIF (Superintendency of Banks and Financial Institutions). 4. Securities custody consists of the physical safe-keeping of securities’ certificates and may be undertaken by securities intermediaries (stockbrokers and securities agents) as an activity complementary to their sole purpose. It may also be undertaken by entities that provide depository and custodial services for securities which should be established as special purpose corporations (sociedades anónimas especiales) with the sole purpose of receiving in deposit publicly offered securities from entities authorised by law and to facilitate operations for the transfer of such securities (centralised securities depositories, depósitos centralizados de valores). 5. Financial advisory services, which involve giving financial advice on financing alternatives, investment appraisal, investment possibilities and debt rescheduling strategies may be undertaken by securities intermediaries (stockbrokers and securities agents) as an activity complementary to their sole purpose. 6. Securities services that may be provided by banking inst...
Securities Services. 3.1 VPS sẽ cung cấp cho Khách hàng các dịch vụ chứng khoán sau trên TKCK: VPS shall provide to the Customer the following securities services on the Securities account:
Securities Services. By April 1, 2020, China will eliminate the foreign equity cap for securities companies, expanding opportunities for wholly U.S.-owned suppliers of securities services. China also will ensure that U.S. suppliers are able to access China’s market on a non-discriminatory basis, including in regard to review and approval of qualified license applications.
Securities Services. Treasury Supporting function ▪ Depositary bank ▪ Global custody ▪ Fund accounting ▪ Transfer agent ▪ Intermediation ▪ Corporate payments ▪ Checks & receivables ▪ Funding and liquidity management ▪ Liquidity mainly invested in Italian government bond ▪ Revenues(2): €44m ▪ Depositary Bank: €71bn assets ▪ Global Custody: €143bn assets ▪ Revenues(2): €46m ▪ Number of transactions: #619m ▪ Revenues: €45m ▪ Italian Government bond portfolio: ~€4.4bn Financials & Key data Services Notes: 1. Full year 2019 results reported; 2. Only fees and commission while the net interest margin allocated entirely to the Treasury Division. 1 National champion in the Securities Services business with focus on high growth customer segments Key data Comments Revenues(1) (€m) #2.3m subscriptions Transfer agent ▪ Investor recordkeeping/shareholder servicing ▪ Certificates management, account administration & reporting including compliance ▪ Cash/Dividend distribution ▪ DEPObank is the sole Italian national champion in the Securities Services market ▪ Comprehensive offer able to meet customization needs of its client in line with the characteristics of the Italian market – Highly fragmented market with presence of numerous small-medium size banks and small investment funds – Key provider for domestic operator: unique value proposition versus international players by offering tailor made solutions and a dedicated commercial service ▪ Long standing relationships and key role in the Italian financial ecosystem with a diversified customer base composed of: – Ca. 250 mutual Italian funds – Ca. 170 Italian pension funds – Ca. 80 Italian alternative funds
Securities Services provide the Customer on each business day a report of the preceding business day’s transactions relating to the Custody Account and of the closing or net balances of each business day. If the Customer should not choose to have electronic access, the Bank shall provide the Customer with such reports of transactions in the Custody Account by such means as may be mutually agreed upon.
Securities Services. Securities Services provides prime brokerage services, financing services and securities lending services to institutional clients, including hedge funds, mutual funds, pension funds and foundations, and to high-net-worth individuals worldwide. Prime brokerage services. We offer prime brokerage services to our clients, allowing them the flexibility to trade with most brokers while maintaining a single source for financing and consolidated portfolio reports. Our prime brokerage business provides clearing and custody in 49 markets and provides consolidated multi-currency accounting and reporting, fund administration and other ancillary services.
Securities Services. We provide investment advisory and financial planning services and offer investment products (primarily through separately managed accounts and commingled vehicles, such as mutual funds and private investment funds) across all major asset classes to a diverse group of institutions and individuals worldwide and provide prime brokerage services, financing services and securities lending services to institutional clients, including hedge funds, mutual funds, pension funds and foundations, and to high-net-worth individuals worldwide. Unless specifically stated otherwise, all references to 2007, 2006 and 2005 refer to our fiscal years ended, or the dates, as the context requires, November 30, 2007, November 24, 2006 and November 25, 2005, respectively. When we use the terms “Xxxxxxx Sachs,” “we,” “us” and “our,” we mean The Xxxxxxx Xxxxx Group, Inc. (Group Inc.), a Delaware corporation, and its consolidated subsidiaries. References herein to the Annual Report on Form 10-K are to our Annual Report on Form 10-K for the fiscal year ended November 30, 2007. In this discussion, we have included statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts but instead represent only our beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside our control. These statements include statements other than historical information or statements of current condition and may relate to our future plans and objectives and results, among other things, and may also include statements about the objectives and effectiveness of our risk management and liquidity policies, statements about trends in or growth opportunities for our businesses and statements about our investment banking transaction backlog. By identifying these statements for you in this manner, we are alerting you to the possibility that our actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Important factors that could cause our actual results and financial condition to differ from those indicated in these forward-looking statements include, among others, those discussed below under “— Certain Risk Factors That May Affect Our Business” as well as “Risk Factors” in Part I, Item 1A of the Annual Report o...
Securities Services. By Xxxxx 0, 0000, Xxxxx will eliminate the foreign equity cap for securities companies, expanding opportunities for wholly U.S.-owned suppliers of securities services. China also will ensure that U.S. suppliers are able to access China’s market on a non-discriminatory basis, including in regard to review and approval of qualified license applications.
