Custodial Services

CUSTODY

Custodial services are the specialized financial services for safeguarding client’s financial investment/financial securities such as stocks and bonds

Crdb Bank Custody is well suited to handle both domestic and cross border processing of trade in securities and assets safekeeping for professional and profitable asset management, also available to institutions and individuals who wish to have service in uniquely designed financial plans for their financial assets

Custodial Services

Crdb bank long term experience enables provision of high quality, timely and easy access of information to meet your custodial needs, our range of services includes

    • Processing of Trade Instructions
    • Asset Safekeeping
    • Settlement
    • Proxy Voting
    • Income Payment Collection
    • Cash Management Services
    • Valuation and reporting of financial assets
    • Issuing of investment statement
    • Reconciliation of financial assets
    • Implementing corporate actions instructions
    • Tax claims and exemption facilitation

CLIENTS:

Break the barriers of regulations, we will take you through what it takes to be an investor in a domestic and foreign country and help you to mitigate the risk that you may encounter. We serve a wide portfolio of clients, including but not limited to

    • Unit trust schemes
    • Pension funds
    • High net worth individuals
    • Financial institutions
    • Corporate clients
    • Foreign portfolio
    • Local and foreign individual investors
    • Insurance funds
    • Fund managers
    • Brokers & Dealers

NARRATION OF SERVICES:

Safe Keeping of Assets

The Investor Assets which may include investments in Equity, Short term and Long-term debts and most likely any document of legal title relating to investments in property etc .All these will be registered in the investor’s name, and kept in safe location.

Clearing and Settlement

As Custodian shall be receiving funds for investment, matured assets and allocate these funds to respective destination based on the working instructions, similarly will be settling securities relating to transactions between the investors and brokers or the investors and other Custodian Banks. All these settlement activities will be strictly completed by observing the cut off time, clearing house and stock exchange rules so that no penalty are imposed on the client for failure to deliver time

Corporate Actions Monitoring and Reporting

As they happen from time to time, it will be our duty to collect information when released, inform the client, and update records when the action has taken place, and also confirm with the client once the event has occurred

Proxy Voting

Nonetheless when required by the Manager/Client the Custodian can represent the Manager/Client in Annual General Meetings (AGM) in case the Manager/Client has a tight schedule to show up in the meeting. In performing proxy voting the Custodian will follow the client’s instructions and vote as directed.

Tax Reclaim

In case the client Invests in Avenues which tax can be reclaimed for some regulatory provisions, then as Custodian will be on top of the matter to reclaim any tax as it is and allocate to the appropriate custody account.

Income Payment Collection

Crdb Bank is experienced in all income proceeds payment collection such as dividend, interest, principal and redemption. We inform our clients in real time of upcoming interest payment, distributions and capital repayments relating to fund assets.

Cash Management Services

The Bank offers a full suite of cash management services for both local and foreign-based investors. In particular, our teams and systems support funds reconciliation, transactions in the Foreign Exchange Marketplace, Spot and Forward transactions execution etc.

Benefits: Why use Crdb Bank?

    • Access to the banks solid experience in capital markets operations backed by a wide network of our branches
    • Flexibility of performing your transactions wherever you are in the country
    • Our strong ties with the local regulators enable investors to overcome the barriers that they may encounter while entering the market
    • The bank hold clients securities for safekeeping thus minimizing the risk of loss or theft
    • All our transactions are timely booked in the state of art system­-custody 2000(c2k) for smooth operations and transparency supported by our highly qualified team of staff

Brokerage Agency Services:

This service enables a client, both individual and corporate,(Involves retail, corporate & institutional investors) to trade in shares listed at the Dar es Salaam Stock Exchange directly through Crdb Bank at no extra cost other than authorized commission by the exchange thus enjoying several benefits notably, prompt trade settlements and added security of their holdings.

This service is available to all Crdb Bank branches.

Requirements

    1. Open a CDS Account by filling in the forms in the link( DSE Forms)
    2. Attach the copy of the ID ( Travelling Passport/Driving license/workers or student ID and Voters/National ID
    3. Do the Payment through Brokers Account and submit the forms to the Branch.

    UTT AMIS AGENT SERVICES

    We are agent for buying and selling Units of all Unit Trust Schemes under UTT, We are agent of the following Schemes.

      1. Umoja fund
      2. Wekeza Maisha
      3. Watoto Fund
      4. Jikimu Fund
      5. Liquid Fund

      Buying Units by new Investors

      Call UTT Toll free number to be allocated with investment Account. Complete Investment Account Opening Forms at branch, do the payment and submit the form to the bank officer. The Application forms are available in their website. www.utt.com

      TOLL FREE NUMBER

      LINE MOBILE NUMBERS
      VODA +255 754 800 544
      TIGO +255 715 800 544 / 455
      AIRTEL +255 782 800 455

      SAFE KEEPING ACCOUNT

      Cash and Securities Account Opening

      As Custodian will open cash account in the name of the investor to be operated for investment activities with instructions from the investor. The cash account will be for settlement and receiving matured investments of the investor’s assets. On the other hand as custodian will also operate the Central Depository Account with DSE whenever the investor invests in listed Stocks/Debts. The account name of the securities in the CDS account will be reflecting the same name under which the investor assets have been registered for.

      REQUIREMENTS FOR ACCOUNT OPENING

      LIMITED COMPANIES:

        • Board Resolution with a company seal
        • Headed cover letter requesting to open Account with us
        • Certificate of incorporation (Original vs Copy)
        • TIN Number (Original vs Copy)
        • Latest Annual Returns filed with the registrar of companies
        • Certificate of Compliance (where applicable)
        • Full CIV for, each, Ultimate Beneficial Owner (UBO) with 5% stake in a company
        • Memorandum and article of association
        • Valid business license
        • Complete Wolfsburg questionnaire
        • Copy of SLA
        • Current share holding structure
        • Full CIV for each signatory
        • Identity card/traveling passport for every signatory, share holder with >5% and directors
        • Two passport size photographs for every signatory, share holder with >5% and directors
        • List of current directors with their signature and information as per format below.

      SN Full Name Date of Birth Nationality Country of Residence Residential Address


      SOLE PROPRIETORS / PARTNERSHIP

        • Headed cover letter requesting to open Account with us
        • Certificate of Registration (Original vs Copy)
        • Extract of Registration (Original vs Copy)
        • Tin Number (Original vs Copy)
        • Valid business license
        • Complete Wolfsburg questionnaire
        • Copy of SLA
        • Identity card/travelling passport for every signatory.
        • Two passport size photographs for every signatory.
        • Partnership deed. - (for Partnerships only).
        • Full CIV for each signatory
        • Full CIV for proprietor(s)
        • Full CIV for each partner
        • Registered Address (Location)
        • Office Address (Location)
        • List of current directors with their signature and information as per format below.
        • Minutes of Meeting which resolved to open an account with CRDB Bank (Appropriately signed)

      ASSOCIATION/CLUBS/SCHOOLS/NGO’S

        • Headed cover letter requesting to open Account with us
        • Minutes of the meeting of members as per quorum in accordance with the laws of the country.
        • Certificate of Registration (Original vs Copy)
        • Constitution
        • Valid business license
        • Complete Wolfsburg questionnaire
        • Copy of SLA
        • Full KYC for each signatory
        • Full KYC for each Trustee
        • Full KYC for each Director
        • Identity card/travelling passport for every signatory, share holder with >5% and directors
        • Two passport size photographs for every signatory, share holder with >5% and directors
        • Full CIV for each partner
        • List of current directors with their signature and information as per format below.

      SN Full Name Date of Birth Nationality Country of Residence Residential Address


      IPO AND POST IPO SERVICES

      Undertake collection services for companies issuing shares, Prepares register and run allotment, maintain shareholders register and process dividend distribution through our shareholders Unit.

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