Custody Service

Custody services are financial instruments and administrative activities such as: opening and safekeeping of accounts for financial instruments, issuing certification documents to financial instrument holders, transferring of financial instruments etc.

FIBank is licenced as:

1. Custodian of the Government of the Republic of Albania Securities with Decision no. 94 dated 29.09.2010 by the Albanian Financial Supervisory Authority

In this activity are included:
  • Opening a client’s account for financial instruments in the Fibank register with the Central Depository in Bank of Albania;
  • Maintenance and safekeeping of Government Securities on behalf of its clients in a way that at any time to provide full details regarding the ownership of government securities and property rights restrictions on such securities;
  • Issuing ownership certificates;
  • Reporting and payment of interest earned on securities for its clients;
  • Other functions related to the Custodian service;
  • The transfers of financial instruments from/to the client’s account in the Fibank register with the Central Depository in Bank of Albania to/from the client’s account with another investment intermediary;
  • Securing the confidentiality of securities data on behalf of its clients, unless otherwise provided by the legal provisions in force;
  • Services related to purchase and sale of securities;

2. Custodian of Corporate and Municipality Bonds with Decision No. 160 dated 23.12.2014 by the Albanian Financial Supervisory Authority

In this activity are included:
  • Opening of client’s account for Corporate and Municipality Bonds in FIBank register
  • Maintenance and safekeeping of Corporate and Municipality Bonds in FIBank register;
  • Reporting and payment of interest earned on securities for its clients;
  • Performing of transactions on behalf of the holders in conformity with the law and/or the agreements in force;
  • Information on legal changes that directly or indirectly affect the client's reporting on the account status in custody;
  • Other services related to securities such as settlement of securities transactions, execution of payments by the issuer for the settlement of bonds;

 

Investment services and activities

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