Custody account keeping

CIC Corporate & Institutional Banking (CIC CIB), which is the leader in the portfolio management companies segment, offers its financial institution clients high value-added services in custody account keeping.

CIC CIB provides its financial institution clients a comprehensive range of securities custody and administration services for their post-trade activities, in compliance with the standards set by MiFID II.

Our account keeping activity includes :

• custody of French and foreign securities in collaboration with its correspondents in Europe, North America and Asia ;
• outsourcing of the middle office, which makes it possible to respond to requests for cost reductions and support long-term strategic decisions (particularly in settlement/delivery) ;
• protection against associated risks and regulatory changes by monitoring taxation in the countries in which the securities are held : management of local tax declarations, credits and refunds (management of local declarations, tax assets and recoveries, etc.) ;
• centralised management of securities transactions ;
• voting at shareholders' meetings, support in compliance with the SRD 2 directive ;
• order reception and transmission services implementing Best Selection and Best Execution (Buy-Side Desk).

Against a backdrop of increasingly complex financial markets and a plethora of regulations, CIC CIB offers independent asset management companies the possibility of combining its custody account keeping and UCI depositary services for clients under a management mandate at a single service provider.

Depositors are able to benefit from the expertise of our 200 employees in charge of custody at Crédit Mutuel Alliance Fédérale (supervision of stocks, settlement/delivery flows, transaction matching and regulatory support) and their operational agility (rigorous compliance and ongoing adaptation to international standards : IQ, FATCA, EAI and CSDR compliance).