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    • Custodian bank

    • Pursuant to the Decision of the Securities Commission of the Republic of Srpska, No. 01-UP-051-1126/07, Nova banka a.d. Banja Luka has obtained a permit to perform activities of the Custodian bank. The Custodian Bank, as a new participant in the capital market, significantly contributes to confidence in the market, reduction of the systemic risk, insurance and increase in the efficiency of the entire market. The beginnings of the development of custodian services are tied to the end of the nineteenth century, when the capital of European banks participated in capital investments in the United States, in the construction of railways and cities. The need of the investors to monitor investments in the USA in which the capital has been invested, and to keep the certificates of activities of their clients in their vaults, has led to the fact that today custodian services represent a whole set of services that the Bank offers to clients in the course of business operations with securities, which the clients are buying for themselves or on behalf of their clients.

      Custodian services

      As part of its regular activities, the Department of Custodian operations of the Nova banka offers clients the following services:

      • Opening and managing the ownership account of the securities in the name or, on behalf of the Clients - legal holders of securities.
      • Opening and managing the securities account in the name of the custodian bank and on behalf of the Clients - legal holders of securities, i.e. on behalf of their clients who are not legal holders of these securities, and on behalf of legal holders of these securities (collective custody account)
      • Execution of orders for transfer of rights from securities and orders for the registration of third party rights on the securities
      • Reporting on payments of dividends, payments of interests or maturity of other instruments for collection.
      • Notification of meetings of issuers and rights related to the shares and other securities that are deposited for keeping in the custodian bank
      • Representation at the annual general meetings of shareholders
      • Securities lending
      • Registration of the lien on securities which are kept on custodian account on behalf of third parties.
      • Managing the execution of tax liabilities of their clients - legal holders of securities,
      • Other services related to securities, the exercise of rights and fulfillment of the obligations arising from securities, as agreed between the client and the custodian bank which are not inconsistent with the legislation.

      BENEFITS

      The Bank, focused on the creation of permanent and high-quality services, has the following benefits in dealing with custodian operations:

      • experience in doing business with securities
      • individual and professional approach, in accordance with individual requirements of the Client
      • daily oral, written and electronic communication with the Client
      • availability and reliability
      • "Zone of confidence"
      • trading on the foreign stock exchanges markets in the region and the world

      How to become a client of the custodian bank?

      The first step is to familiarize the clients with the rules of custodian operations and tariffs of custodian services. The submission of the status of documentation follows then, depending on whether the client is legal or natural person, resident or non-resident. Interested clients can obtained further detailed information at the premises of the Department of custodian operations of Nova banka, at the address Kralja Alfonsa XIII, 37a, at the telephone number: 051/333-390 or at e-mail address: custody@novabanka.com.                                                                 

      What kind of status documentation is required for the natural person?

      In the case of a natural person, the following documentation should be submitted:

      • Request for obtaining the status of the client (the form is obtained at the premises of Custodian Bank)
      • ID card or passport (of the home country, in case of non-resident) with a photocopy of the page with personal information,
      • Other documents specified by the department (photocopy of the current account payment card, personal details - phone, fax, e-mail ...)
      • Power of attorney to the custodian bank for providing custodian services                                           

      What kind of status documentation is required for the legal person?

      Along with the request for the status of the Bank's client in the custodian operations, domestic legal person should submit the following documentation:

      • Act of registration with the competent authority
      • Note on classification by activities with the competent Institute of Statistics
      • Specimen of signatures of persons authorized to issue orders and dispose of funds in the custodian accounts with the Bank
      • Excerpt of the tax records containing tax number
      • Other documents specified by the department (certified copy of the contract on an open bank account with the provider payment operations, personal details - phone, fax, e-mail, photocopies of documents of authorized persons ...)
      • Power of attorney to the custodian bank for providing custodian services.

      Along with the request for the status of the client, the foreign investment fund that is a legal person should submit the following:

      • Proof of the identity of the entity (fund management company) that controls the very Investment Fund (excerpt from the court register of the parent company)
      •  Proof of identity of authorized persons of the management company (copy of identification document)
      • specimen of the signatures of persons authorized for the issuance of the order and disposition of the funds from the general and custody accounts
      • license for fund management issued by the relevant authority
      • Authorization to the custody bank for performing custody operations


      Foreign investment fund that is not legal entity, shall submit with the application:

      • Power of attorney issued by the fund management company
      • Proof of identity of the fund management company (excerpt from the register of the parent company)
      • Specimen of signatures of persons authorized to issue orders and dispose of funds in the dedicated and custodian accounts
      • Proof of identity of the authorized persons of the management company (a copy of the identity document)
      • Permit for managing the fund issued by the competent authority.
      • Power of attorney to the custodian bank for providing custodian services.


      Global custodian bank, along with the request for obtaining the status of the client, shall submit:

      • Power of attorney;
      • Proof of identity as a global custodian bank;
      • Proof of identity of the authorized persons of the global custodian bank (a copy of the identity document)
      • Permit issued for the performance of custodian operations issued by the competent authority of the country in which the headquarters of global custodian bank is located.
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