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NIS is an accredited service provider with approval from the Financial Sector Conduct Authority (FSCA) to act as a custodian for asset managers, stockbrokers, pension and provident funds and insurance companies.
We can also act as:
- an approved nominee for various financial instruments;
- an investment administrator; and
- the trustee for collective investment schemes (CIS), also known as unit trusts.
South Africa’s Central Securities Depository (CSD), Strate, has approved Nedbank to act as a Central Securities Depository Participant (CSDP) by complying with the Financial Markets Act, 19 of 2012, the Central Securities Depository (CSD) rules and all entry criteria.
One of our key strengths lies in the way our business is structured. Our service offering is unique and entirely sourced from within, with all the parties in the custody value chain having the same reporting line.
- A dedicated client service team who can offer customised solutions, tailored to your needs.
- Integrated systems that enable straight-through processing (STP), operational efficiencies and automated settlement.
- A unique and client-centred approach to market changes.
- Industry experts who are respected and influential in the market.
- Online reporting, enquiries as well as export capabilities on NIS Custody Online.
- Access to global markets through our Global Custodian networks, leveraging off their expertise in global markets.
- Subsidiaries in Namibia and eSwatini.
- A well-established transition management process to onboard clients.
- Commended as top-rated custodial service provider by various international publications.
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Recordkeeping and safekeeping of all electronic and paper financial instruments.
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Settlement and clearing agent |
Settlement and clearing services for all securities, including bonds, equities, derivatives and money market instruments. |
Corporate actions
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We manage all corporate events in the market through the distribution of information, income and entitlements at ownership level.
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Proxy voting
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We offer proxy voting services, which means we have authority to act (vote) or speak on behalf of an absent registered shareholder at shareholder meetings.
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Securities lending
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Asset owners can appoint us a securities lending agent (lender) to enter into securities lending agreements with approved borrowers. Securities lending gives asset owners the opportunity to earn extra revenue, while ensuring that they maintain set mandates with asset managers.
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Investment administration
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We are appointed as administrator for retirement funds to offer independent investment accounting and pricing of portfolios, giving the funds the security of having the same source data applied. Monthly financial reporting to the funds is standardised for each portfolio and at fund level. This reporting is provided in the form of an accounting trial balance, together with detailed supporting schedules.
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We perform mandate compliance as per client requirements. To perform this service, we require the mandates from the client for each fund that is managed, in order to monitor the compliance thereof.
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We provide comprehensive reporting of the client’s assets in accordance with Regulation 28 of the Pension Funds Act (Act 24 of 1956) and the Companies Act 71 of 2008.
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We use a variety of equity and bond performance calculations in line with the Global Investment Performance Standards – voluntary standards based on the fundamental principles of full disclosure and fair representation of performance returns.
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We act as trustee for CIS through appointment by the management company. As a trustee we operate in the regulatory environment that covers the Collective Investment Schemes Control Act (CISCA), 45 of 2002, and all subordinate legislation to CISCA through a dynamic risk management framework.
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We have partnered with international custodians to give you access to various markets for your direct international investments, with the understanding that it could be a single or multiple arrangement. We have identified the best providers in Asia Pacific, the Americas, Europe, the Middle East and African markets.
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Nedbank Custody Online is an integrated internet banking solution that empowers you through a web-access system with transactional capabilities, and enables information access. Custody Online uses a components-based framework and comes with a suite of web components to meet your needs across custody, clearing and corporate actions.
|
NIS is an accredited service provider with approval from the Financial Sector Conduct Authority (FSCA) to act as a custodian for asset managers, stockbrokers, pension and provident funds and insurance companies.
We can also act as:
- an approved nominee for various financial instruments;
- an investment administrator; and
- the trustee for collective investment schemes (CIS), also known as unit trusts.
South Africa’s Central Securities Depository (CSD), Strate, has approved Nedbank to act as a Central Securities Depository Participant (CSDP) by complying with the Financial Markets Act, 19 of 2012, the Central Securities Depository (CSD) rules and all entry criteria.
One of our key strengths lies in the way our business is structured. Our service offering is unique and entirely sourced from within, with all the parties in the custody value chain having the same reporting line.
- A dedicated client service team who can offer customised solutions, tailored to your needs.
- Integrated systems that enable straight-through processing (STP), operational efficiencies and automated settlement.
- A unique and client-centred approach to market changes.
- Industry experts who are respected and influential in the market.
- Online reporting, enquiries as well as export capabilities on NIS Custody Online.
- Access to global markets through our Global Custodian networks, leveraging off their expertise in global markets.
- Subsidiaries in Namibia and eSwatini.
- A well-established transition management process to onboard clients.
- Commended as top-rated custodial service provider by various international publications.
|
Recordkeeping and safekeeping of all electronic and paper financial instruments.
|
Settlement and clearing agent |
Settlement and clearing services for all securities, including bonds, equities, derivatives and money market instruments. |
Corporate actions
|
We manage all corporate events in the market through the distribution of information, income and entitlements at ownership level.
|
Proxy voting
|
We offer proxy voting services, which means we have authority to act (vote) or speak on behalf of an absent registered shareholder at shareholder meetings.
|
Securities lending
|
Asset owners can appoint us a securities lending agent (lender) to enter into securities lending agreements with approved borrowers. Securities lending gives asset owners the opportunity to earn extra revenue, while ensuring that they maintain set mandates with asset managers.
|
Investment administration
|
We are appointed as administrator for retirement funds to offer independent investment accounting and pricing of portfolios, giving the funds the security of having the same source data applied. Monthly financial reporting to the funds is standardised for each portfolio and at fund level. This reporting is provided in the form of an accounting trial balance, together with detailed supporting schedules.
|
|
We perform mandate compliance as per client requirements. To perform this service, we require the mandates from the client for each fund that is managed, in order to monitor the compliance thereof.
|
|
We provide comprehensive reporting of the client’s assets in accordance with Regulation 28 of the Pension Funds Act (Act 24 of 1956) and the Companies Act 71 of 2008.
|
|
We use a variety of equity and bond performance calculations in line with the Global Investment Performance Standards – voluntary standards based on the fundamental principles of full disclosure and fair representation of performance returns.
|
|
We act as trustee for CIS through appointment by the management company. As a trustee we operate in the regulatory environment that covers the Collective Investment Schemes Control Act (CISCA), 45 of 2002, and all subordinate legislation to CISCA through a dynamic risk management framework.
|
|
We have partnered with international custodians to give you access to various markets for your direct international investments, with the understanding that it could be a single or multiple arrangement. We have identified the best providers in Asia Pacific, the Americas, Europe, the Middle East and African markets.
|
|
Nedbank Custody Online is an integrated internet banking solution that empowers you through a web-access system with transactional capabilities, and enables information access. Custody Online uses a components-based framework and comes with a suite of web components to meet your needs across custody, clearing and corporate actions.
|