Custody Services

These structured services are designed to meet the individual requirements of customers investing in local or offshore equities, like Fixed & Demand Deposits, Treasury Bills & Bonds, Corporate Bonds and Commercial Paper.

Safe Custody Services

Safekeeping of physical documents of title for investments in Money Market instruments. KCB will open CDS accounts for your investments in Equities.

Benefits

  • KCB is an Agent of the Central Depository and Settlement Corporation (CDSC) and will open CDS accounts for your investments in Equities.
  • Your investment documents will be safe with KCB

Qualifying Criteria

  • Completed CDS 1 Account Opening Form
  • 2 colored passport size photos (for companies must be for all signatories)
  • Certified copy of National Identification card or passport (for companies must be for all signatories)
  • Must hold an account at any KCB Branch
  • For businesses - Board resolution authorizing the CDS Account opening and mandate of signatories, Certified copies of Memorandum and Articles of Association, Certified KRA Company PIN and Certified copy of Certificate of Incorporation

Activity Reporting

KCB will provide our Customers with daily statements of account, and will also provide comprehensive monthly and quarterly reports.

Benefits

  • Provides customers a detailed view of the transactions through their account.
  • Comprehensive recordkeeping and information for timely decision making

Transaction Settlement Services

On receipt of instructions from the Customer relating to purchase/sale of Money Market instruments or Equities, KCB effects timely settlement of the transaction.

Benefits

  • Timely execution of your investment instructions.
  • A team of dedicated experts providing personalized services.

Corporate Actions Administration

Collection of dividends, bonus shares and informing the customer of corporate actions e.g. rights issues, bonuses, mergers, share splits etc. that impact the Customer’s portfolio.

Benefits

  • KCB will take and implement the customer’s instructions regarding the options that they chose to exercise.
  • Timely execution of your investment instructions.
  • A team of dedicated experts providing personalized services.

Capital and Income Collection Services

When investments in Money Markets mature, KCB redeems the investments and collects the capital sum and interest income and credits customers’ bank account.

Benefits

  • Timely execution of your investment instructions.
  • A team of dedicated experts providing personalized services.

Cash Management Services

KCB helps you manage your liquid (cash) and near liquid (investments in capital & money markets) so as to ensure good cash flows.

Benefits

  • Predictability of cash flows and helps in  liquidity management
  • you can sell securities in your account at any time, or, if appropriate, borrow against their value  to meet working capital needs

Proxy Voting Services

KCB Custody Services notifies our customers of all forthcoming corporate events, and implement customer’s instructions.  We offer proxy-voting services.

Benefits

  • Enables you to delegate voting power to other members of the same body to vote in your absence
  • Ensures you do not miss an investment opportunity if not physically available to effect instructions.

Qualifying Criteria

  • Must give instructions in writing. For companies all signatories must sign.

Central Depository Agency

 

Corporate Trustee Services

Deal with the company’s debt and the sale of bonds to finance that debt. Verification that company is fulfilling the covenants /stipulations laid out in the trust.

Benefits

  • Objectivity - One of the main benefits of naming a corporate trust service as trustee over naming a friend or family member is the objectivity provided in the administration of the trust.
  • Secure and Uninterrupted Administration - Professional trust services are regulated and audited by layers of internal and external administration.
  • Reliable Advice and Tax Management - An impartial corporate trustee has the experience and expertise available to handle the tax and administrative issues which may arise.

Payment of pensions

Provide required legal custody services for the assets associated with self-directed retirement plans and administrative services such as investment execution, recordkeeping and accounting.

Benefits

  • Invests on behalf of the pensioners groups e.g. Jua Kali Association in Kenya and the Retirements Benefits Authority (RBA)
  • Pays out pensions.


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