Republic Bank is a leading provider of custody services to both pension and non-pension clients. We have robust systems and stringent control processes in place to ensure the safety and security of your investment securities. We have met all the regulatory requirements.
The following are the services we provide:
Settlement of Ghana Stock Exchange trades.
We make payment receipt of cash in relation to all securities listed on the Ghana Stock Exchange on behalf of our Customers.
Settlement of Treasury Bonds and Treasury Bills trades.
This follows the explanation above but is restricted to government of Ghana securities, mainly, treasury bills, t notes and t bonds.
Registration and safekeeping of investments
Ownership of the securities is registered in the joint name of the bank and the client. The implication is that, these securities are separated from the asset of the bank, should the bank go under, assets of our clients (custodian clients) would not be touched.
The efficient management of the collection of interest and distributions from securities. It’s the custodians primary responsibility to ensure that returns on investments by our clients are received on value date. Any delays in payments should lead to claims in favor of our custodian clients.
Corporate actions management
A corporate action is any event that brings material change to a company and affects its stakeholders, including shareholders, both common and preferred, as well as bondholders. These events are generally approved by the company’s board of directors. Examples are, Bonus issue, Rights Issue, Dividend payments, mergers etc.
Proxy voting services
Basically we vote on behalf of our clients at AGMs and EGMs. A proxy vote is a ballot cast by one person on behalf of a shareholder of a corporation who would rather cast a proxy vote than attend a shareholder meeting. In summary custodian banks cast proxy votes for the securities in their portfolios, such as on behalf of mutual fund shareholders.
Investment analysis and monitoring to fund managers, Board of Trustees, and other service providers on the growth of their investments, compliance with local regulations and the client’s internal investment guideline. All stakeholders expect frequent reports on the development of portfolio companies, often including periodic assessments and calculations of “net asset value” (NAV).
Banking services and cash management
- Opening of cash accounts and corresponding call accounts for all our clients.
- Providing clients with customized pay in slips to facilitate deposits.
- Sending of cash statements, issuance of bankers draft etc.
- Other added benefits (if we have)
- Institutions Companies can enjoy scheme loans and
also use their pensions as collateral for a primary