This service is intended for individuals and legal entities who possess ownership of, or title to, corporate securities issued by other entities.
Open securities accounts to keep records of your securities accurately.
Receive statements and certificates from your securities accounts upon your first request.
Acba bank ensures the transfer of your securities to another custodian upon your instruction.
Custody of Corporate Securities for Legal Entities
List of Documents Required for Concluding a Corporate Securities Custody Agreement
For Legal Entities
a) When opening a securities account, the legal entity submits an Account Holder Card to the Bank, which is provided by the Bank. The Card is signed by the authorized representative of the Account Holder and, if the person is the authorized representative of the legal entity under its founding documents and has the right to act on behalf of the legal entity without a power of attorney, it is also affixed with the seal of the legal entity (if applicable).
b) Identity document of the authorized representative.
Note: During the conclusion of the Agreement, additional information and documents may be required to ensure the proper execution of the securities custody process.
Procedure for Intermediating the Custody Services of Securities Accounted for in the Unified Securities Accounting and Settlement System of “Central Depository of Armenia” OJSC by “Acba bank” OJSC
You can view the Central Depository of Armenia’s “Rules for the Operation of the Unified Securities Accounting and Settlement System” here.
You can view the Central Depository of Armenia’s “Rules on Tariffs” here.
The Bank’s provision of brokerage services in the government securities market is accompanied by the provision of custody services. Within the framework of custody services, the Bank:
1. Opens and maintains securities accounts for the Customer, where bonds owned by the Customer or held by the Customer under other rights established by law are recorded.
The Bank opens the following types of securities accounts for Customers:
Free,
Restricted by Pledge,
Seized (Arrested),
Pledged/Seized
2. Provides statements and other certificates from securities accounts,
3. Upon the Customer’s first request, as well as upon termination of the custody agreement, provides the Customer with the bonds belonging to the Customer by transferring the bonds, upon the Customer’s instruction, to the Customer’s securities account with another custodian.
