Custody Service

Custody services are financial instruments and administrative activities such as: opening and safekeeping of accounts for financial instruments, issuing certification documents to financial instrument holders, transferring of financial instruments etc.

1. Custodian of the Government of the Republic of Albania Securities with Decision no. 94 dated 29.09.2010 by the Albanian Financial Supervisory Authority

• Opening a client’s account for financial instruments in the Fibank register with the Central Depository in Bank of Albania;
• Maintenance and safekeeping of Government Securities on behalf of its clients in a way that at any time to provide full details regarding the ownership of government securities and property rights restrictions on such securities;
• Issuing ownership certificates;
• Reporting and payment of interest earned on securities for its clients;
• Other functions related to the Custodian service;
• The transfers of financial instruments from/to the client’s account in the Fibank register with the Central Depository in Bank of Albania to/from the client’s account with another investment intermediary;
• Securing the confidentiality of securities data on behalf of its clients, unless otherwise provided by the legal provisions in force;
• Services related to purchase and sale of securities;

2. Custodian of Corporate and Municipality Bonds with Decision No. 160 dated 23.12.2014 by the Albanian Financial Supervisory Authority

• Opening of client’s account for Corporate and Municipality Bonds in FIBank register
• Maintenance and safekeeping of Corporate and Municipality Bonds in FIBank register;
• Reporting and payment of interest earned on securities for its clients;
• Performing of transactions on behalf of the holders in conformity with the law and/or the agreements in force;
• Information on legal changes that directly or indirectly affect the client's reporting on the account status in custody;
• Other services related to securities such as settlement of securities transactions, execution of payments by the issuer for the settlement of bonds;