Depository services

Parex banka offers its customers a wide range of custody services for securities of Latvian and foreign issuers. The main bank’s task is to render depositary services, ensuring the integrity of its customer’s securities proprietary and realization of the certified rights; performing deals with securities and managing the customer’s investment accounts, which form the security portfolio.

Using its widely established agency network, Parex banka offers depositary services not only on Baltic and CIS markets, but also on a number of foreign markets. Having the reputation of a reliable bank, rendering high quality services to its customers, Parex banka very carefully chooses agents in other markets, taking into account their financial stability, experience and reputation, quality of services, prices. It is worth mentioning that having the leading market positions, we offer custody services for private pension funds and investment companies.

Rendered services:

• security accounts
• accounts for payments and operations with securities

Handling of deals

• payments “delivery/reception versus payment” and “delivery/reception free of payment”
• cash payments

Custody of securities

• custody and registration of securities
• handling of deals with securities
• distribution of dividends/payment of interest
• corporate actions (split, consolidation, converting, and so on)
• handling of tax assessments
• voting at stockholders meetings on the grounds of a customer’s proxy

Custody of documents, certifying proprietary

• custody of securities in the form of papers
• custody of documents, certifying real estate proprietary
• custody of other documents, certifying proprietary

Supervision

• supervision of security portfolio structure
• supervision of the performance of deals
• supervision of issuance

Reporting

• reporting to customers on performed transactions
• reporting to customers on the security portfolio state

To learn more about depository services and other investment opportunities, please contact our specialists in Riga or Parex corporation representative offices abroad (please see “Contact us” section for locations).

Parex banka Custody and Funds Administration Department in Riga:

Phone: Fax:	+371 6701-09-30 (GMT +2) +371 6701-06-23 +371 6777-86-49
E-mail: custody@parex.lv