Custody Bank - Retail
According to the Decision of the RS Securities Commission No. 01-UP-051-1126/07, Nova banka a.d. Banja Luka received a license to conduct the activities of the custody bank. The custody bank, as a new participant in the capital market, significantly contributes to market confidence, reducing systemic risk, insurance and increasing the efficiency of the overall market. The beginnings of the development of custody operations are related to the end of the 19th century, when the capital of European banks participated in capital investments in the USA, in the construction of railways and cities ... The need for investors in the United States to monitor investments in which capital is invested, and to keep certificates of shares of their clients in their vaults, has led to the fact that today custody services represent a whole set of services provided by the Bank to its clients in the framework of operations with securities, which clients purchase for themselves or on behalf of their clients.
Custody services
As part of its regular activities, the Custody Operations Department of Nova banka provides clients with the following services:
- opening and maintaining securities accounts in the Central Registry of Securities (hereinafter the Registry) on behalf and for the account of the owner - its clients (custody account in the name),
- opening and maintaining a securities account in the Registry on behalf of the custody bank, and for the account of the owner, i.e. nominated owners - its clients (collective custody account),
- execution of orders for transfer of rights from securities and orders for registration of rights of third parties on securities and taking care of transfer of rights from those securities,
- collection of receivables from the issuer on the basis of due securities, interest and dividends for the account of the owners of these securities and taking care of the exercise of other rights belonging to the owners of securities that are its clients,
- provision of securities lending services,
- informing shareholders about the annual meetings of shareholders’ assemblies of joint stock companies and representing them at those shareholders’ assemblies,
- notification of rights related to securities, and execution of client's orders related to the exercise of these rights,
- notification of legal changes that directly or indirectly affect a client's reporting on the balance of securities on the custody account,
- taking care of the execution of tax obligations of the owners of securities,
- other services related to securities, exercise of rights and fulfillment of obligations arising from securities, agreed between the client and the custody bank, which are not in conflict with legal regulations.
Advantages
The Bank, aimed at creating a lasting and quality service, has the following advantages in working with custody operations:
- experience in performing securities operations,
- individual and professional approach, in accordance with the individual requirements of the client,
- daily verbal, written and electronic communication with the client,
- availability and reliability,
- "trust zones"
- trading on foreign stock exchanges in the region and the world.
How to become a custody bank client?
The first step is to acquaint the client with the rules of custody operations and tariffs for custody services. This is followed by the submission of status documentation, depending on whether it is a legal entity or natural person, resident or non-resident. Those interested can get all the detailed information in the premises of the Custody Operations Department of Nova banka, Kralja Alfonsa XIII 37a, at phone:
051/333-390 or by e-mail: custody@novabanka.com.
Which status documentation is required for a natural person?
When it comes to a natural person, the following documentation is submitted:
- Request for acquiring the status of a client (the form is available at the CB premises),
- identity card or passport (domicile state, if non-resident) with a photocopy of personal data pages - certified by the competent authority,
- Certificate of residence or other document showing the permanent address of residence,
- Power of attorney to the custody bank to perform custody operations,
- Statement on the non-existence of accounts over which a measure prohibiting the disposal of funds has been determined - for non-residents,
- Statement on the purpose of opening an account,
- Other documentation specified by the department (photocopy of current account card, personal data - phone, fax, e-mail ...)
Custody Bank - Legal Entities
According to the Decision of the RS Securities Commission No. 01-UP-051-1126/07, Nova banka a.d. Banja Luka received a license to conduct the activities of the custody bank. The custody bank, as a new participant in the capital market, significantly contributes to market confidence, reducing systemic risk, insurance and increasing the efficiency of the overall market. The beginnings of the development of custody operations are related to the end of the 19th century, when the capital of European banks participated in capital investments in the USA, in the construction of railways and cities ... The need for investors in the United States to monitor investments in which capital is invested, and to keep certificates of shares of their clients in their vaults, has led to the fact that today custody services represent a whole set of services provided by the Bank to its clients in the framework of operations with securities, which clients purchase for themselves or on behalf of their clients.
Custody services
As part of its regular activities, the Custody Operations Department of Nova banka provides clients with the following services:
- opening and maintaining securities accounts in the Central Registry of Securities (hereinafter the Registry) on behalf and for the account of the owner - its clients (custody account in the name),
- opening and maintaining a securities account in the Registry on behalf of the custody bank, and for the account of the owner, i.e. nominated owners - its clients (collective custody account),
- execution of orders for transfer of rights from securities and orders for registration of rights of third parties on securities and taking care of transfer of rights from those securities,
- collection of receivables from the issuer on the basis of due securities, interest and dividends for the account of the owners of these securities and taking care of the exercise of other rights belonging to the owners of securities that are its clients,
- provision of securities lending services,
- informing shareholders about the annual meetings of shareholders’ assemblies of joint stock companies and representing them at those shareholders’ assemblies,
- notification of rights related to securities, and execution of client's orders related to the exercise of these rights,
- notification of legal changes that directly or indirectly affect a client's reporting on the balance of securities on the custody account,
- taking care of the execution of tax obligations of the owners of securities,
- other services related to securities, exercise of rights and fulfillment of obligations arising from securities, agreed between the client and the custody bank, which are not in conflict with legal regulations.
Advantages
The Bank, aimed at creating a lasting and quality service, has the following advantages in working with custody operations:
- experience in performing securities operations,
- individual and professional approach, in accordance with the individual requirements of the client,
- daily verbal, written and electronic communication with the Client,
- availability and reliability,
- "trust zones"
- trading on foreign stock exchanges in the region and the world.
How to become a custody bank client?
The first step is to acquaint the client with the rules of custody operations and tariffs for custody services. This is followed by the submission of status documentation, depending on whether it is a legal entity or natural person, resident or non-resident. Those interested can get all the detailed information in the premises of the Custody Operations Department of Nova banka, Kralja Alfonsa XIII 37a, at phone:
051/333-390 or by e-mail: custody@novabanka.com.
Which status documentation is required for a legal entity?
Along with the request for acquiring the status of the Bank's client in custody operations, the domestic legal entity shall submit the following documentation:
- Decision on entry in the court register, i.e. in the register of the competent authority,
- Statute or business rules of a business entity that is not entered in the court register
- Act of the competent authority on establishment, if the legal entity was not established directly on the basis of regulations,
- Notification of the Republic of Srpska or Federation of BiH’s Bureau of Statistics on classification by activities,
- Certified signatures of persons authorized to represent - OP form,
- Deposited signatures cards of persons authorized to dispose of funds from the account,
- Photocopies of identification documents with photographs of authorized persons,
- Certificate of registration with the tax administration - unique identification number (JIB),
- Statement on the non-existence of accounts over which a measure prohibiting the disposal of funds has been determined - for non-residents,
- Latest financial reports on business operations,
- Work license if required by the type of business,
- Ownership structure,
- Wolfsberg Questionnaire,
- PEP's statement,
- W-9 form (if the client is a US citizen),
- Agreement between the client and the authorized broker,
- Power of attorney to the custody bank to perform custody operations,
- Other documentation specified by the custody bank (personal data - telephone, fax, e-mail, giro account number).
Paying agent activities
Paying agent activities refer to the opening of a dedicated account by the custody bank from which payments of the corresponding principal and interest will be made at the due annuity to the owners of securities using payment security instruments (bill of exchange, guarantee). In the case of security using bills of exchange, the paying agent keeps and records the deposited bills. He/she keeps records of payments and withdrawals from special purpose accounts and takes care of the implementation of forced collection of annuities before the bank on behalf of the bondholders in case of improper performance of obligations by the Issuer.
Paying Agent - Prospectuses and Notices
EXCHANGE RATE 
BRANCHES AND ATMs 
CONTACT 
