In the Russian Federation, the stock market accelerates its development every year, so the number of people who want to buy different securities is increasing. Currently, most of these papers are in the form of an electronic document and are on the accounts.
In addition to the electronic signature, there are still its similarities in the standard form (bill, certificate). In order to account for exchange-traded assets and store them, a large number of banking organizations provide deposit services, that is, they are depositories. The owners have the opportunity to re-register, record the underlying assets and store them.
Since each depository conducts its activities with a license, they can pay interest and make settlements on completed transactions. The banking institution Sberbank performs similar custody services. This banking organization is trusted by a large number of depositors.
What is this banking service?
Sberbank has a license that does not have an expiration date to perform custody services, therefore it has the right to cooperate with investment funds. Clients who use the depository are called depositors, they use an electronic signature. It allows depositors to perform all financial transactions with exchange-traded assets remotely and make the necessary orders. An electronic digital signature guarantees the confidentiality of orders transmitted by depositors.Sberbank carries out the following operations within the framework of custody services:
1. stores certificates (all types, including in electronic form);
2. provides services related to the accounting of rights to underlying assets that are given to him for safekeeping, since they are not in the possession of a banking organization;
3. opens and forms deposit accounts, transfers assets under purchase and sale or donation contracts executed between deposit accounts of various depositors;
4. carries out actions with deposits under agreements;
5. performs actions with own bills;
6. imposes and removes encumbrances on underlying assets that are collateral;
7. credits profit and pays interest;
8. participates in meetings of shareholders and other activities of interest to issuers;
9. performs loan information services.
Sberbank Online provides customers with the following options as an add-on:
Control the balance of positions;
view payment arrears for the use of the depository;
issue instructions to transfer securities if they are held openly;
fill out an application to register new securities;
get customer data.
To carry out these actions, you can visit your personal account on the web portal.
Advantages of using depositary services of Sberbank
Sberbank has become one of the financial institutions that have the largest depositories in Russia. This circumstance has become a nuance with a “+” sign for customers who have entered into a contract with the bank for custody services. Due to the fact that Sberbank has a large number of divisions, it has more than 390 thousand deposit accounts. A banking institution provides depositors (residents of our state and non-residents) with a large number of services and actions with securities of issuers in Russia and abroad.Depository services are provided in 70 branches of our country. For the exchange of depository data with clients, service systems operating remotely (“Bank-Client”, EDI, SWIFT) are used. Bank employees have developed an original system called "Depository", which allows you to perform accounting with strict adherence to data storage.
Depository tariffs for those who represent small businesses
Sberbank provides depositary services, including low rates. Some of the services are provided free of charge. Therefore, those who are engaged in small business have the opportunity to use depositories to work with exchange assets.Sberbank sets different prices for custody services for individuals and legal entities. Entrepreneurs use the same tariffs as for legal entities. You can view the catalog and tariffs for the use of depositary services on the web portal in the "Depositary Services" section.
When transactions are made on the stock exchange for the acquisition of securities, they must always be stored and accounted for. Depositaries allow to solve these issues. And in Sberbank, depository services have become the most reliable, depositors trust him. Bank employees open a depository account for the depositor, and also monitor the transfer of ownership of the underlying assets after their purchase and fix it. They provide various services related to deposits.
Interdepository depo account- one of the types of accounts that is opened in one depository for another depository. On the inter-depository depo account, the first one records the assets (securities) owned by the clients of the second depository.
An interdepository depo account is an account, the right to open which is held by national depository centers (NDCs). A mandatory requirement when opening such an account is that NDC has legal grounds to perform the functions of a depository.
Essence of an interdepository depo account
In the process of opening such a depo account, the main depository takes over the responsibility of the second party to the transaction (depositor). The task of the depository is to ensure the safety of share certificates and other securities that were provided to the depositor to persons upon conclusion of the following (one or group) types of agreements:
Depo accounts of securities holders;
- asset manager's depo account;
- interdepository depo account.
Also, the depository may keep records of information about the securities of owners who are clients of the depositor and have open depo accounts, which imply the storage of certificates and accounting for the totality of rights.
The Russian stock market is gaining momentum every year, and there are many who want to buy various securities. Today, most papers exist in electronic form and are located on certain accounts. In addition to electronic records, their counterparts in the form of familiar documents (certificates and bills) are still common. For accounting and storage, many banks offer to act as a depository. Owners can re-register, keep records and store their exchange-traded assets. Since banks work with a license, they can carry out the procedure for paying dividends and make settlements on completed transactions. Similar custody services are provided to customers by Sberbank, which has the confidence of many investors.
The institution has a perpetual depository license, which gives it the right to service investment funds. Participants use an electronic signature. With its help, they can remotely carry out all financial actions with exchange assets by sending the necessary orders for this. EDS guarantees the confidentiality of transmitted orders.
Custody services at Sberbank include the following operations:
- storage of any type of certificates (possibly in electronic form);
- when receiving papers for safekeeping, a banking institution does not take ownership of them, it only assists in accounting for rights to them;
- opening and formation of depo accounts, transfer of securities under agreements of sale or donation between depo accounts of different depositors;
- conducting transactions on transactions;
- operations with bank bills;
- imposition and removal of an encumbrance on securities that are pledged;
- transfer of income and payment of dividends;
- participation in shareholder meetings, as well as other actions in the interests of issuers;
- provision of information and credit.
Depositary services The Sberbank Online platform gives customers additional opportunities:
- control over the remaining positions;
- viewing debts on payments for the use of the depositary;
- issuance of instructions for the transfer of securities in open custody;
- filing an application for registration of new securities;
- obtaining information about the client.
To carry out such actions, just go to your personal account on the site.
Advantages
One of the significant positive aspects for clients who have concluded an agreement for custody services with Sberbank is that it is the largest depository in the Russian Federation. Due to the huge number of divisions, its functions include the maintenance more than 390 thousand depo accounts. The Bank offers its depositors (both residents of the Russian Federation and non-residents) a variety of services and transactions with exchange-traded assets of issuers from the Russian Federation and other countries. Clients receive these services in 70 divisions located throughout the territory of the Russian Federation. To exchange information with depositors, remote service systems (“Bank-Client”, EDI, SWIFT) are used. The bank's specialists developed a unique "Depository" system, which makes it possible to carry out accounting in conditions of strict observance of the safety of information.
Benefits of a depository Small business rates
The depository service offered by Sberbank includes low fees. Some services for depositors are free. Thanks to this, small businesses can use the service to work with exchange assets. The Bank has set different fees for custody services for individuals and legal entities. Tariffs for individual entrepreneurs are the same as for legal entities. You can get acquainted with the list and tariffs on the website by going to the "Depositary Services" section.
You will need
- For all clients:
- - depository agreement;
- - questionnaire of the depositor;
- For individuals:
- - the passport;
- - certificate of assignment of TIN.
- For individual entrepreneurs:
- - the passport;
- - certificate of state registration;
- - certificate of assignment of TIN;
- - certificate from Rosstat;
- - extract from USRIP;
- - a card with samples of signatures and seal imprints.
- For legal entities:
- - certificate from Rosstat;
- - decisions on the establishment of the enterprise and the appointment of the first persons;
- - extract from the Unified State Register of Legal Entities;
- - copies of passports of persons indicated in the card;
Instruction
First of all, decide on a depository to record ownership of securities. Examine the offers of different banks: a list of services provided within the framework of custody services, tariffs for their provision. Choose the most favorable conditions for you. Pay attention to the fact that credit institutions have a license of a professional participant in the securities market for implementation.
Then request from the bank or download from its official website the forms of documents on the basis of which depositary accounting is maintained and a depo account is opened:
- Application for opening a depo account;
- depository agreement;
- questionnaire;
- power of attorney for the account manager.
Fill out the forms and sign them from your side.
If you want to open a depo account for an individual, please contact the depository with a passport or other identification document, a certificate of registration as a taxpayer (TIN) and signed documents in the form of a bank.
When opening an account, an individual entrepreneur, in addition to a passport, will need notarized copies of a certificate of state registration, registration with the tax authorities, a letter from Rosstat on the assignment of statistical accounting codes. In addition, submit to the bank a card with samples of signatures and a seal and an extract from the Unified State Register of Individual Entrepreneurs, valid for 1 month from the date of issue, certified by a notary.
To open a depo account for a legal entity, certify the following documents with a notary:
- charter, memorandum of association with all changes and additions;
- certificate of state registration (OGRN);
- certificates of amendments to the constituent documents;
- certificate of registration with the tax authority (TIN);
- a certificate from Rosstat on the assignment of codes of all-Russian classifiers;
- a card with samples and signatures of the seal;
- powers of attorney for account management.
Obtain an extract from the Unified State Register of Legal Entities from the tax authority. Prepare and certify with the signature of the head and the seal of the organization copies of decisions on the establishment of the enterprise, the appointment of a director and chief accountant, as well as passports of persons who have been granted the right to manage an account and conduct depositary operations.
Submit the prepared documents and forms for concluding an agreement on custody services and opening an account to the bank. After checking the completeness and signing the agreements on the part of the depository, a depo account will be opened for you. Do not forget to notify the tax office, the Pension Fund and the Social Insurance Fund within 7 days.
Investing in the stock market for most of us is a little-studied and unattractive business. But recently, I began to feel a slight excitement in the depths of my soul, hearing the words: “stocks”, “bonds”, “MICEX index”. And I realized: it's time! It's time for me to become a real investor and co-owner of the riches of the Russian land.
But seriously, I want to offer my readers a story about how a simple Russian woman entered the stock market (again, I was drawn to a humorous tone).
I share the information that I managed to collect.
In order to be able to trade on the stock exchange, first of all I need a Depo account. The generally accepted procedure for working with securities is that accounting of information about the owners of securities and transactions with them, storage of securities certificates, certification of rights to them is carried out by specialized organizations - Depositories by opening and maintaining a Depositor's account. This is the Depo account.
Let me explain easier. When a security was paper, it was clear who its owner was: whoever had the paper was the owner. But over time, the securities became uncertificated [i]. There was a need for an independent organization to keep records of the ownership of securities. This is how Registrars and Depositaries appeared. In fact, a depository is similar to a bank, only on its accounts it reflects not the movement of funds, but the movement of securities.
If interest has arisen in only one type of shares, then they can be purchased without a Depo account by opening an account with the Registrar. The register of shareholders is obligatorily kept by the issuer himself (or entrusts it to the registrar). In this case, a personal account is opened for the shareholder directly in the register with the status of "owner". If these shares need to be sold, the owner himself looks for a buyer, concludes a contract of sale with him, i.e. gets a lot of trouble. For trading on the stock exchange, this form is not acceptable.
If the shares are kept in a depository, then a personal account in the register is opened for a depository with the status of "nominal holder", and the owner's rights are recorded on the Depo account.
The advantage of holding shares with the Registrar is the low cost: only the purchase and sale of securities is subject to commission. Maintaining a Depo account will cost more: more expensive commissions for buying and selling are usually accompanied by a commission for holding securities. Some Custodians charge a fee for opening and maintaining an account. Let's call it a payment for mobility: the purchase and sale of securities through the Depository is carried out within one or two business days.
I chose Bank Petrocommerce as the Depositary. I am sure that if you search, you can find Depositaries cheaper, but for me there is already too much new in this business, it is still difficult to choose. I decided that I would start on the principle of serviceability and proximity, and then we'll see.
I haven't really figured out the Tariffs yet. I understood one thing: they open a Depo account for free. To open an account, they only demanded a passport from me and took a copy of it. I have signed the following documents:
- Deposit agreement in 2 copies;
- Instruction for the execution of an administrative depository operation (it was written in it that I instructed to open a depo account) in 1 copy;
- Questionnaire of a depositor - an individual in 1 copy;
- Instruction on the appointment of the Bank as the operator of the Depo account in 1 copy. (something like a power of attorney to the Bank for the execution of depositary operations).
The account will be opened after the documents are signed by an authorized representative of the Bank. For review, they gave me the Client Regulations - a document on 138 pages. I will study.
The first step has been taken. I would be very grateful if one of my more advanced readers in this matter would give advice.
