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VTB Capital PLC

VTB Capital PLC

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Full Description


Key Performance Indicators of VTB Custody
Volume of assets under VTB Bank’s custody is over USD 80 billion;
VTB Custody serves over 1,500 clients, including Russian and foreign banks, global custodians, brokers, management companies and funds;
The bank maintains over 400 correspondent accounts, which provides wide-ranging opportunities for inter-depositary settlements;
VTB Bank is a Russian custodian for The Bank of New York Mellon for 18 programs of global and US depositary receipts.

Compliance with international standards
In the 2010 Agent Banks in Emerging Markets survey by Global Custodian magazine, VTB Bank was awarded the highest rating («Top Rated») for the fourth consecutive year;
«Eligible Custodian» under Rule 17f-5 and Rule 17f-7 of the US Securities and Exchange Commission (SEC);
Ernst & Young have confirmed that the procedures used by VTB Bank’s Custody meet the standards of the American Institute of Certified Public Accountants SAS 70;
VTB is the first Russian banking custodian to receive an international public custody rating. Thomas Murray Ratings Limited assigned VTB a Domestic Custody Rating of A- with a stable outlook, which certifies the high quality of its depositary services according to international standards.

Competitive advantages
State ownership guarantees the financial stability of the organisation. Increased control from the state ensures constant monitoring of the bank’s compliance with current legislation;
Historically, the majority of companies operating in the Russian securities market hold custody accounts with VTB Bank, which creates favourable conditions for internal settlements within VTB Bank;
Diversification of the custodian client base: the share of any single client never exceeds 15% of the total assets under custody;
Membership of VTB Group provides Custody clients with direct access to the broadest range of financial services provided by VTB Group.

 



Address:

Level 15, DIFC-Gate Building, Dubai, UAE

Telephone Number:

+7 (495) 783-17-17