FAQ

Custody may be provided for investors or issuers. This content addresses only custody for investors. Custody for Investors encompasses safekeeping of securities, financial assets and other instruments(“Assets”), meaning: (i) conservation, control and conciliation of Assets in custody registration accounts held on behalf of investors; (ii) treatment of transaction instructions sent by investors; and (iii) registro e liquidação dos títulos e valores mobiliários depositados em agentes de custódia depositárias centrais, tais como a CETIP, SELIC e BM&FBovespa. Compreende a liquidação física e financeira dos ativos, sua guarda, registro, bem como a administração e informação treatment of events associated with these assets. The custodian will maintain ties with central depositary institutions and registration entities aiming to execute centralized deposit or registration of securities and financial assets.

These services target investment clubs and funds and managed portfolios, with the latter held by Closed Complementary Pension Entities (pension funds), insurers and companies.

To carry out:

• Maintenance of Assets 

• Physical and financial settlement;

• Physical and financial reconciliation;

• Consistency in the settlement process (matching of instructions with the Counterparty);

• Administration of corporate events (dividends, interest, bonuses, amortization and underwriting);

• Segregating Custody Accounts;

• Centralizing the settlement processes;

It’s the control, through bookkeeping, of clients’ assets, in tandem with depositary institutions, bookkeepers, chambers and systems of settlement, or through the physical control of assets; and responsibility for the movement of assets registered with depositary institutions, bookkeepers, chambers and systems of settlement as well as authorized intermediary institutions, or physically maintained, as well as for informing clients about these movements.

Cross-checking information about operations received from clients with information received from the institutions inter mediating the operations.

Sending information to involved parties about any discrepancies that impede the settlement of operations; and

Carrying out the physical and/or financial settlement in a timely manner and in conformity with the norms of different depositary institutions and chambers and systems of settlement.

Continually monitoring information related to issuer events and ensuring their prompt communication to the client;

Receiving and passing along to clients information about events related to assets under custody.

Carrying out the reconciliation of positions registered with depositary institutions, bookkeeping agents, chambers and systems of settlement and authorized intermediary institutions, or those physically held, in light of the custodian’s internal controls.

Commercial, multiple and investment banks, savings trusts, securities brokerages or distributors, and providers of compensation and settlement services with centralized deposit, authorized by CVM to provide custody services.

The scope includes physical and financial settlement of Assets, ensuring consistency of verification procedures, by the custodian; conservation and control of Assets in custody registration accounts; conciliation of Asset positions with central depositary institutions and registration entities; treatment of corporate events, payment of fees related to services provided in central depositary institutions and registration entities.

Note. 1: The abovementioned activities are listed in the ANBIMA Code of Qualified Services and are subject to changes if a new edition of the ANBIMA Code of Qualified Services is published.

These services target investment clubs and funds and managed portfolios, with the latter held by Closed Complementary Pension Entities (pension funds), insurers and companies.