custodial-service

Custody Services

  Leading custodian bank in India with thorough domain expertise since 1995

 

  Diversified clients across foreign and domestic institutions
 

  Straight through Processing (STP) via our state-of-the-art system with a high degree of customisation
 

  Fully Functional Offshore Branches at Bahrain, GIFT City, Hong Kong and Singapore
 

  Custody Solution in GIFT City
 

Segment Coverage

Foreign Portfolio Investors (FPI)

Foreign Direct Investors (FDI)

Mutual Funds

Foreign Venture Capital Investors (FVCI)

Portfolio Management Services (PMS)

Alternate Investment Funds (AIF)

Insurance Companies

Private EquityVenture Capital

Custody, Banking and Depository Services

  • Designated Depository Participant (DDP) Registration for FPIs

  • Derivatives Clearing Services for Equities, Currency Derivatives

  • Fund Accounting Services for MFs/AIFs/PMS

  • Structured Transactions and Escrow Services

  • Foreign Exchange Services

  • Securities Lending & Borrowing (SLB)

Contact us

For any further information, please write to us at custodysales@hdfc.bank.in or

 

Rajesh M. Sharma
Exe. Vice President Capital Markets, Head - Custody

Email: rajeshm.sharma@hdfc.bank.in

 

Investor Charter – Custodian
Investor Charter – Designated Depository Participants

Compliance Updates, Investor Charters & Reports

In order to view the collateral details by the end client, NSE Clearing Ltd, provided a link for registration and viewing the collateral data – i.e., NSCCL>Resources>Client Collateral Details>Web portal facility to clients

Check Client Collateral Details: Welcome (nseindia.com)

In case of any Queries & Complaints, please write to us on:

This is to bring to your notice that SEBI Vide its Circular SEBI/HO/FPIC/P/CIR/2021/691 dated December 17,2021 requires Custodians and DDPs to publish the Investor Charters which inter-alia deals with services provided to investors with timelines and general guidance for Investors. The same is made available under - Investor Charter -Custodian and Investor Charter DDPs.

 

Solution Suite

 HDFC Bank offers comprehensive suite of services for the investment routes to be chosen by the institutional investors

Key Services

  • Safe Keeping of Assets
  • FPI Registration with HDFC Bank as the Designated Depository Participant (DDP)
  • Escrow accounts for FDIs
  • Foreign Exchange and Banking Services
  • Proxy Services & Reporting
  • Online Real-Time Derivatives Clearing Services (Equities and Currency) for FPIs
  • CSGL (Constituent Subsidiary General Ledger) for Government Securities (GSecs), Treasury Bills (T-bills), etc.
  • Corporate Actions Tracking
  • Online Web Custody for FPI and FDI

Forex Services

  • Customised Hedging Solutions (Treasury) for FPI and FDI clients in India and NDF in GIFT
  • Compliance & Regulatory Reporting

Client Onboarding

  • Dedicated Implementation Team for quick turnaround to open accounts

Custody, Safe & Bookkeeping of Assets

  • Supporting all classes of investments across debt and equities
  • Tracking of Corporate Action events, and Proxy services.
  • Customizable reports as per requirements
  • Ability to handle global investments by Mutual Funds through a Global Custody tie-up

Fund Accounting

  • Automated processes in NAV and Dividend Distribution to mitigate any errors
  • Independent control check team to ensure accurate reporting
  • Experienced team and expertise in understanding evolving regulatory & service requirements

Derivative Clearing

  • Real time valuation of equity collateral
  • Access to E-Protector plus for risk management.

AIFs/PMS

  • Market Leaders in managing custody for PMS
  • Bank, Demat and Custody services to enable investment structure
  • Professional Clearing Services (Equities & Currency Derivatives) for Category III Funds
  • Foreign Exchange Services
  • Proxy Services
  • Corporate Actions tracking, Compliance & regulatory reporting

Digital Solutions

  • Digital solutions for enhanced and seamless PMS end investor onboarding
  • Web Custody self-service portal to custodial clients to access their accounts 24x7

AIF Solutions

  • One stop solution for all AIF - fund accounting, collection and payment accounts

Fund accounting

  • Solution-based approach with an experienced team, plus online web portal access
  • Income and expense accounting of daily accruals, NAV Computation, MIS, regulatory reporting, etc.
  • Fund Accounting Services at Fund, Scheme and Investor level

Additional Services

  • CSGL services for investments in G-Secs, T-Bills Professional Clearing Member Services (for Equities and Currency Derivatives), etc.

  • Strategic M&A transaction execution (including FDI, Downstream Investments, ODI, Closing and Post-Closing Escrow Services for Cash / Securities / Documents) for Domestic and Cross Border deals
  • Structured Debt transaction execution (including ECB, NCD, ECB SNRR, Loan Disbursement Account, DSRA, Account Bank, RERA Escrow and other comprehensive escrow services) for Domestic and Cross Border deals
  • Special Accounts (Private Placement, Debt Servicing, SNRR (for tax / trade / disputes / arbitration), Dividend payment, etc.) for specific transaction structures
  • Regulatory insights / approvals for strategic transactions and structures

HDFC Bank’s STRONG PRESENCE IN IFSC

  • Dedicated team in Gift City to assist in all onboardings and transactions
  • Dedicated support and highest efficiency for India investments with accounts being opened in HDFC IBU & India investments done through our India Setup
  • Supported one of the earliest funds redomiciled from overseas jurisdiction to Gift City

 

CUSTODY AND DEPOSITORY SERVICES

  • Registered Custodian & Depository Participant With IFSCA
  • NSE IFSC Receipts Custodian For Unsponsored Depository Receipts (UDR)

 

BANKING PRODUCTS:

  • FCY & SNRR Current Account

 

TREASURY SOLUTIONS

  • Treasury Assistance (Inward/Outward Remittance) For FCY-INR
  • Non-Deliverable Forwards – One Of The Largest Treasury (In Volumes) In NDF

Frequently Asked Questions

Custody Services play a crucial role in the financial industry by safeguarding and administering financial assets on behalf of clients. The primary function of a Custodian is to hold and protect these assets, which can include securities, cash, and other investments. Custodians also handle transactions such as purchases, sales, and income collection related to these assets. They provide safekeeping services, ensuring that assets are held securely and in compliance with regulatory requirements. Additionally, custodians often provide reporting services, giving clients access to information about their holdings and transactions. Overall, Custody Services are essential for investors and financial institutions to manage and protect their assets effectively.

Custody Services in Banking refers to the safekeeping, administration, and management of financial assets on behalf of clients. Banks offering Custody Services act as custodians, holding assets such as securities, cash, and other investments in custody for their clients. These services are essential for institutional investors, such as Asset Management Companies Mutual Funds, Pension Funds, and Hedge Funds, as well as individual investors who want to ensure the safety and security of their investments.
Custody Services include tasks such as processing transactions, collecting income and dividends, handling corporate actions, and providing reporting services. Additionally, Custody Services may also involve compliance with regulatory requirements and providing support for client audits. Overall, Custody Services in banking play a critical role in ensuring the safekeeping and efficient management of financial assets for clients.

Custody Services in India offer several benefits to investors and financial institutions. One of the key advantages is asset safety and security. Custodians provide secure storage for financial assets, reducing the risk of loss or theft. Additionally, Custodial Services help streamline administrative tasks related to asset management. Custodians handle tasks such as transaction processing, income collection, and reporting, which can help investors focus on their investment strategies rather than administrative details. Custody Services also provide access to a wide range of investment options and markets, allowing investors to diversify their portfolios and potentially enhance returns.
Furthermore, Custody Services often offer regulatory compliance support, ensuring that investors meet all legal and regulatory requirements. Overall, Custody Services provide convenience, security, and efficiency in managing financial assets, making them a valuable resource for investors and financial institutions.