Funds or assets available under «First Sino Bank» Custody cover all categories currently in the market:
Open-end securities investment fund
National social security fund
Pension security fund
Packaged wealth management products from the brokers
Two kinds of services: Basic and Value-Added
Basic Custody Service:
Custody of Asset
Safekeeping of assets under custody
Full and independent accounting and auditing on the assets under custody
Open and maintain Bank A/C, Clearing A/C for Principal
Open and maintain Securities A/C for Principal
Safekeeping of physical goods related to the asset under custody
Clearing and Settlement
Execute instructions from the principals and investment managers and transfer monies from the account under the name of asset under custody as required.
Clear and allocate the positions in the custody account
Delivery of securities to the account under the name of asset under custody as required
Monitor the investment on the asset under custody in compliance with the laws, rules, regulations and contracts
Monitor the truthfulness and legality of the instruction.
Monitor the accuracy of the financial report submitted by the investment managers
Monitor the events banned under the laws, rules, regulations and contracts
Submit monitoring reports to the Regulatory Commission and principals
True, complete and accurate accounting and audit on the asset under custody
Identify the fair value and the net value of the assets under custody, as required by laws, rules, regulations and contracts
Prepare balance sheet and other financial reports on the assets under custody, as required by the principal
Timely report on the details of the assets under custody to the Principal
Prepare financial statement on the assets under custody, as required by the principal
Submit information to the Principal on regular basis, as stated in the Contract
Submit information to the Principal on ad-hoc cases
Keep all records, ledgers, reports and materials on file for at lease 15 years, as required.
Market Watch and in-depth analysis report
Investment Performance Analysis
Company Secretarial Services:
Collect-on-behalf dividend, bonus; vote-on-behalf.
Funds held in «First Sino Bank» custody are managed under a scheme of check and balance where the operation of front office and back office are separated. Risk control is clearly defined in each job role. Besides intensive training and enforcement of ethical behavior among employees, 27 internal control chapters are laid down for best practice of risk aversion and bring this «First Sino Bank» custody service under regulatory oversight since it was started. Inventive way of dealing efficiency of internal control includes a monitoring and surveillance mechanism to facilitate periodic reporting to the Regulatory Commission, assessment and alert on risk and alarms in case of very suspicious situations.