Depository and Custody Services

Depository services
Deposit services are activities related to the administration and safekeeping of financial instruments such as opening and maintaining accounts for financial instruments, issuing of certification documents to the holders of financial instruments, transfer of financial instruments, administration and other corporate events.

Fibank Cyprus also performs multiple depository services.
This includes custody of financial instruments (exercise the rights on them) depending on arrangements with the client.

The long-term cooperation of Fibank Cyprus with leading foreign depository banks allows clients to benefit from a full range of depository and custody services for financial instruments listed on the international markets. Fibank Cyprus offers coverage on developed markets in Europe and the U.S., and the emerging markets - Central and Eastern Europe, Russia and Asia.

Fibank Cyprus offers custody services.

This includes the holding of financial instruments on behalf of clients and administering transfers and corporate events:

• safekeeping of available financial instruments, respectively, keeping a register of dematerialized financial instruments at a depository institution (domestic or foreign one);
• obtaining current income on financial instruments (dividends, coupon payments, etc.) held on behalf of clients;
• corporate events: merger, acquisition, separation, distribution of dividend in the form of allocation of additional (free) shares, split, increase of the company's capital through rights or distribution of additional shares, etc.;
• transactions with financial instruments by order of clients;
• depository bank for collective investment schemes.