UBB AD is a custodian bank with year-long experience in offering custodian services to funds for additional pension insurance. It has sufficient information for performing its custodian functions in compliance with the requirements of the Social Security Code and BNB’s Ordinance No 36 on Custodian Banks. It renders administrative services for investments in Bulgarian and foreign financial instruments.
Main types of services and activities:
* Keeping and administering registers of Bulgarian and foreign securities;
UBB AD has opened accounts with a foreign depository institution - CLEARSTREAM BANKING LUXEMBOURG
* Timely and precisely processing and reporting of transactions; effecting of settlement on local and foreign capital market
* Servicing of corporate events and providing information thereof; Collection and allocation of income - dividends, interest and principals, rights, etc.
* Refund of withholding tax on a foreign capital market;
* Other services, as agreed;