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NIS is an accredited service provider with the approval ofthe Financial Services Board(FSB) to act as a custodian for asset managers, stockbrokers, pension and provident fundsand assurance companies.
 

We are also able to act as:

• an approved nominee for various financial instruments;
• an investment administrator; and
• the trustee for collective investment schemes (CIS), also known as mutual funds.
   

Nedbank is approved by South Africa’s Central Securities Depository, Strate, to act as a Central Securities Depository Participant (CSDP) by complying with the Financial Markets ACT, 2012, the Central Securities Depository (CSD) rules and
entry criteria.

One of our key strengths liesin the way our business is structured. Our service offeringis unique and entirely insourced, with all the parties in the custody value chain having the same reporting line.
 

Custody

Domestic

• Settlement
• Corporate actions
• Proxy voting
• Asset servicing
  

International

• Markets
• Tax management
• Securities lending/ collateral
  

Clearing

• Securities lending
• Collateral
• Derivatives
• Over-the-counter/JSE clearing
  

Trustee services

• Compliance monitoring
• Breach monitoring
• Price validation
  

Investment Accounting

• Accounting
• Regulatory reporting
• Performance measurement

Custody

We provide recordkeeping and safekeeping of all electronic and paper
financial instruments.
 

Settlement and clearing agent

Nedbank provides settlement and clearing services for all securities, including bonds, equities, derivatives and money market instruments.
 

Corporate actions

Nedbank manages all corporate events in the market through the distribution
of information, income and entitlements at ownership level.
 

Proxy voting

Nedbank provides clients with proxy voting services, in terms of which Nedbank has the authority to act (vote) or speak for an absent registered shareholder at
a meeting of shareholders.
 

Securities lending

Nedbank, as a securities lending agent, is appointed by the asset owner (lender) to enter into securities lending arrangements with approved borrowers. Securities lending provides asset owners with the opportunity to earn additional revenue, while ensuring that they still maintain their set mandates with asset managers.
 

Investment administration

Nedbank is appointed as the administrator for retirement funds to provide 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.
 

Mandate compliance reporting

Investment manager mandates are monitored and reported to the fund daily
or weekly.
 

Financial reporting

Nedbank’s accounting service packages the relevant investment records that enable the fund to present financial reports according to requirement of the Financial Services Board and international financial reporting standards.
 

Performance measurement

Nedbank uses a wide variety of equity and bond performance calculations that are in accordance with the Global Investment Performance Standards – voluntary standards based on the fundamental principles of full disclosure
and fair representation of performance returns.
 

Trustee Services

Nedbank acts 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) and all subordinate legislation to CISCA through a dynamic risk management framework.
 

Nedbank Custody Online

Nedbank Custody Online is an integrated internet banking solution that empowers clients through a web access system that has transactional capabilities and enables information access. Custody Online uses a components-based framework and comes packaged with a ready suite of web components to meet clients’ needs across custody, clearing and corporate actions.
 

Winners of Best Sub-Custodian Bank In South Africa
2020
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Batseta – Custodian of the Year
2016
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Global Finance South Africa, World’s best Subcustodian award
2006–2016
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Global Custodian Agent Banks in Major Markets Survey rating
2004–2015