Clearing, custody & settlements

Renesource Capital offers high quality custody, clearing and settlement services across multiple asset classes. We guarantee secure safekeeping of your financial instruments and funds via segregated accounts at investment rated counterparties (banks, investment banks, brokerages, custodians).Our dedicated back office team supports and provides an experienced personal service to ensure efficient processing of clearing and settlement operations. Clients can be provided with different reporting file formats, different layouts for confirming their trades.

Baltic securities

Custody services of Renesource Capital on the Baltic financial instruments market is under the supervision of the Latvian Central Depository (NASDAQ OMX Group). Our LCD Participant code is 0264. Renesource Capital is also regulated by the Financial Instrument Market Law of the Republic of Latvia. Compliance with the Law requirements and the Financial and Capital Market Commission (FCMC) Regulations guarantees the following to Renesource Capital customers:

• Confidentiality, safety and security of assets;
• Seggregation of assets from the financial balance of the company and assets of other customers;
• Full transparency and consistent reporting of financials and capital adequacy standards to the Regulator;
• Safety of assets: Renesource Capital does not have its own investment portfolio and does not invest into financial instruments nor into financial instruments trade financing (Repo transactions);
• Constant risk management, careful analysis and efficient monitoring of counterparties.

Advantages:

• FREE Financial instruments account opening and closing;
• FREE Custody service;
• Financial instruments ownership rights safekeeping and accounting, registration of shares/bonds ownership in the register of shareholders/bondholders;
• Receiving and payments of dividends, warrants, interests and other profits from financial instruments;
• Tracking of issuers corporate actions: informing customers, processing of corporate events (meeting of shareholders, acquisition, merger, liquidation, conversion of shares and bonds, consolidation of shares, sub-division of shares, issuers spin-off etc.), representation of the customer interests at the shareholders meeting (by letter of authority);
• Accounting and acknowledgment of financial instruments ownership rights transfer. Accounting of securities pledge or encumbrance at the financial instruments account to secure contractual obligations;
• Blocking/unblocking of financial instruments;
• Settlement of transactions in financial instruments, deposit/withdrawal of financial instruments and/or funds, including FOP (free of payment) and DVP (delivery versus payment) settlement procedures.
• Calculation and payment of taxes according to the legal acts of the Republic of Latvia.

International securities

Renesource Capital offers customers the whole spectrum of custody services with the global geographical coverage: Europe, Russia, the USA, Canada, South America, Africa, Asia and Pacific region. Renesource Capital continuously improves technologies and accounting of financial instruments safekeeping. Highly reliable automated depository accounting systems, experience of many years and well-functioning counterparty relations with depositories significantly increase the efficiency of financial instruments safekeeping.

Renesource Capital has partnership relations on the world financial markets with such global custodians and clearing houses as NASDAQ OMX Group, National Settlement Depository (NSD) of Russia, Clearstream Banking, Euroclear Bank, Euroclear UK/ Crest, State Street, JP Morgan and others. This ensures maximum flexibility of Renesource Company custody services, as well as:

• Confidentiality, safety and security of customers’ assets;
• Customer asset segregation from the financial balance of the company and assets of other customers;
• Full transparency and consistent reporting of financials and capital adequacy standards to the Regulator;
• Safety of assets: Renesource Capital does not have its own investment portfolio and does not invest into financial instruments or into financial instruments trade financing;
• Constant risk management, careful analysis and efficient monitoring of counterparties.

Advantages:

• FREE Financial instruments account opening and closing;
• FREE Custody service for the USA Exchanges (NYSE, NASDAQ, AMEX), Toronto Stock Exchange, Canada Exchange (TSX) and Moscow Exchange, Russia (MOEX) shares;
• Low commission fees of custody services for shares of other international Exchanges;
• Receiving and payments of dividends, warrants, interests and other profits from financial instruments;
• Tracking of issuers corporate actions: informing customers, processing of corporate events (meeting of shareholders, acquisition, merger, liquidation, conversion of shares and bonds, consolidation of shares, sub-division of shares, issuers spin-off etc.), representation of the customer interests at the shareholders meeting (by letter of authority);
• Accounting and acknowledgment of financial instruments ownership rights transfer. Accounting of securities pledge or encumbrance at the financial instruments account to secure contractual obligations;
• Blocking/unblocking of financial instruments;
• Settlement of transactions in financial instruments, deposit/withdrawal of financial instruments and/or funds, including FOP (free of payment) and DVP (delivery versus payment) settlement procedures.

Transferring securities to Renesource Capital

To deposit/transfer securities from another bank or brokerage company:

• Open a financial instruments account at Renesource Capital;
• Submit an order to the brokerage department of Renesource Capital to deposit securities from a bank or brokerage company which will transfer these securities;
• Submit an order to the bank or brokerage company to transfer/withdraw securities, indicating the respective financial instruments account number in Renesource Capital.

Please provide the following information when submitting an order to AS IBS “Renesource Capital” to withdraw/deposit securities:

• The name of the financial instrument;
• International Securities Identification Number (ISIN);
• The number of the financial instruments;
• The financial instruments account number in AS IBS “Renesource Capital”;
• The name of the sender/recipient bank/brokerage company (participant of the depository) of the financial instruments and the financial instruments account number;
• Transaction date;
• Settlement date;
• Settlement amount and currency;
• Transaction side.

Standard settlement instructions (SSI)