Appreciating the value of our clients’ investments and the imperative need to safeguard their financial assets, Bank of Cyprus offers its clients Global Custody Services with the aim to provide the highest level of protection on both local and international investments, in cooperation with a network of high quality international subcustodians.
Our core global custody services, offered through the Custody and Trust Unit, include safekeeping and settlement of transactions of various types of financial instruments in global markets, corporate actions, dividend and coupon collection, proxy voting, tax clearance (tax payments at source taking advantage of double tax treaties and tax reclaims), portfolio valuation.
Through our international subcustodians and order routing platform we cover a network of over 53 markets worldwide and we have access to over 100.000 funds from 33 jurisdictions from a single point of access to multiple execution venues. We continuously monitor the risk of our subcustodian network to maintain a high level of service.
Our clients’ assets are maintained in segregated accounts and are ring fenced from the balance sheet of the bank, providing further protection to our clients.
Institutional Investors and Fund Depositary Services
Beyond the custody services offered to the wealth management clients of the bank, our high quality custody services are also offered on a stand-alone basis to institutional clients requiring purely custody services and safekeeping of their own and /or clients’ assets.
Bank of Cyprus provides depositary services for collective investment schemes such as undertakings for the collective investment of transferable securities (UCITS) and Alternative Investment Funds (AIF), assuming the duties of cash monitoring, safekeeping of financial instruments and other assets and oversight duties.