INTERMEDIARY & CUSTODY SERVICES (ICS)

TREASURY

FX AND WEALTH

INTERMEDIARY & CUSTODY SERVICES (ICS)

Offered for a broad range of fixed income securities (bonds/sukuks/treasury bills) in local, GCC, regional and international markets through a well established ICS service, backed by a fixed income desk of investment professionals.

  • CS is designed to meet the needs and objectives of institutional clients, including corporates, investment banks, insurance companies, family offices and government agencies, as well as high net-worth individuals.
  • Requirements for Custodial services: Custodian arrangement should be in place with agreed terms and conditions in the Investment Agency Agreement.
  • The beneficial ownership of your bonds/sukuks/treasury bills, held in custody, remains with you at all times, are held until maturity or until you sell them. The bank keeps separate registers and accounts for the client’s securities. Securities held in safe custody for the client are kept apart from the bank’s own securities. This means that your bonds/ sukuks are your assets at all times and do not form part of the assets of NBB. Your assets can only be bought, sold, or otherwise dealt with, on your instructions to NBB.
  • Intermediary & Custody fees: Competitive fees, calculated quarterly.

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For more information, please call +973 17 214433