Nominee Arrangements
We hold client assets through a regulated custodian that provides settlement and custody services to stockbrokers and their clients. This leaves us free to concentrate on the important business of looking after our clients' investments. Securities are registered in our custodian's nominee name, a non-trading company that provides for the safe, secure and effective administration of client's investments through the CREST settlement system.
Advantages of our nominee service include:
- Enables market transactions to be settled for standard settlement (T+3)-a most important factor in a market which is being driven by shorter settlement periods forecast to reach T+1 over the next few years. Clients selling shares in certificated form cannot meet T+3 settlement so are obliged to deal T+10 thereby delaying the payment of their proceeds.
- No more lost share certificates which are becoming ever more costly to replace.
- Paperwork is reduced as all correspondence, such as reports, is sent to the nominee company.
- Automatic processing of corporate actions including the collection of dividends, which can be mandated to the client's account each calendar quarter free of charge, if required.