Primary services offered where BRAC Bank will be responsible for maintaining the safety of custody assets held in physical form at the custodianís premises.
Reporting and recordkeeping
Recordkeeping services to meet the customersí specialized needs and comply with applicable recordkeeping and reporting laws and regulations. BRAC Bank will generate customized customer reports.
Cash management is a service provided to customers involving moving, managing and monitoring cash positions associated with securities transactions. Services provided include investment of excess cash, online review of cash balances and projections.
Collecting income payments received from the assets held under custody. The income payments typically take the form of dividends and informing customers of projected income payments, enabling them to make their cash productive as soon as possible.
Monitoring corporate actions for the securities held under custody and notifying customers of such events