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Security Services

 

Through a dedicated team of experienced and professional staff, SABB Securities offers tailored services, suitable for all needs and embracing a total relationship management concept with quality services supported by fully integrated state of the art systems. The wide range of securities services are:

 

  • Custody & Clearing
  • Institutional Fund Services
  • IPO/Rights Issue Management Services
  • Escrow Agent Services
  • Non Bank Financial Institutions Services
  • Paying Agent/Fiscal Agent Services

 

Custody and Clearing

 

We are one of the leading providers of custody and clearing services to corporate and institutional clients.

 

HSBC's Custody and Clearing business operates in 38 markets in Asia-Pacific, the Middle East, Southern Europe and Latin America , providing world class custody and clearing services to global custodians, fund managers and brokerage dealers.

 

For more information on our custody network please visit www.hsbcnet.com

 

Our Services include

  • Account opening with the stock exchange (Tadawul) and internal custody/cash accounts
  • Safekeeping of securities (physical and book-entry form)
  • Dematerialisation of physical certificates, or vice versa
  • Dividend collection
  • Corporate action services
  • Reporting of transactions, portfolio, dividend, cash and corporate actions
  • Arranging foreign exchange transactions where required
  • Proxy services
  • Market information

 

Institutional Fund Services

 

Institutional Fund Services (IFS) is a suite of back office services offered to managers of collective investment schemes e.g. mutual funds, pension funds, insurance companies and investment schemes.

 

Our services include

 

  • Fund Administration
  • Accounting
  • Fund Portfolio
  • Fund Valuation
  • Compliance Monitoring
  • Reporting

 

Institutional Fund Services are offered in conjunction with HSBC Institutional Fund Services, based in Hong Kong.

 

For more information on IFS please visit www.hsbcnet.com

 

IPOs/Rights Issues Management Services

 

We have years of experience in the management of Initial Public Offerings (IPOs) and Rights Issues. This allows us to provide Lead Manager services on all operational aspects relating to these capital market activities, our services being offered through a team of dedicated professionals with years of project management experience. We provide service continuity from the inception of a transaction to uploading the share registry at Tadawul. Our service is offered through a host of channels including sophisticated but user friendly direct channels e.g. ATMs, Phone Banking and Internet Banking.

 

Escrow Agent Services

 

Securities Services provide customized Escrow Agency services in a variety of situations. We provide comprehensive services for the following situations:

 

  • Private placement/subscription deposits
  • Mergers and acquisitions
  • Project Financing
  • Collateral Account
  • Debt Repayment

Non Bank Financial Institutions Services

 

Based on our years of experience in the custody and clearing business we have developed a product to support brokerage houses entering the Saudi market. We have the necessary systems and expertise to support this business and our core services include:

 

  • Maintaining Settlement Account
  • Facilitating NBFI clients to deposit funds into accounts
  • Providing real-time account access to NBFI through HSBCnet
  • Settlement of on market trades (equity, bonds, sukuks etc)
  • Monitoring of monetary obligations related to settlement of trades
  • Cash Management
  • Disbursement of third party charges

For further information on how Securities Services can help your business, please contact:

Zafar UllahKhan,

Head of Securities Services

Phone: +966 (01) 470 2601

Fax: +966 (01) 470 6935

Email: zafarkhan@hsbc.com