Security custody services

Security Custodial Services

Securities custody service is the activity of securities safekeeping, data recording and transferring the rights arising from securities ownership. Custodial services are available both for individual and institutional customers who are the owners or nominees of securities issued by other entities. Custodial services can be applied to securities issued and traded in the Republic of Armenia as well as foreign securities.

Corporate Bonds

The Bank is a member of the Unified System of Securities Registration and Settlement and is one of the Account Operators of the Central Depository of Armenia.

As an Account Operator, the Bank mediates  the custodial services of corporate securities  through the System and executes the orders represented by the customers.

To open a securities account, the Bank enters into an agreement with the Account Holder.

When opening a securities account (except for the cases of opening or re-opening inherited accounts) an account opening application is submitted to the Bank.

 

Required documents for opening (reopening) an account are listed below:


For individuals


  • Copy of document, verifying Account Holder’s identity

  • Copy of document, verifying RA resident account holder’s public services number (or social card) or notice on not having such, in case of non-resident account holders – a copy (if available) of the document verifying other equivalent number identifying the person.           

  • When re-opening an account, other documents necessary for the identification of the Account Holder

  • For authorized persons, the original of the document verifying the authorization of the person and a copy of the identification document of the authorized person

  • Other documents required by the internal acts of the Bank


For institutional customers


  • A copy of the document verifying state registration

  • A copy of the document verifying TIN or other equivalent number (if available) (For non-residents)

  • A copy of the document verifying the appointment of persons acting on legal entity’s behalf without a power of attorney

  • The identification document of the person acting on legal entity’s behalf

  • For persons acting on a power of attorney, the original or the copy of the power of attorney document

  • Other documents required by the internal acts of the Bank

Updated as of 13.08.2019 12:07