Custody and Administration of Financial Assets
While safety is a critical factor in choosing the custody bank other elements are just as important such as the flawless execution of trade orders of globally diversified securities, the accurate valuation of assets, prompt and accurate account reporting, and access to a wide range of products and services of high quality.
The custody banks with which Reliance Capital has strategic alliances are leaders in their industry and are world renowned institutions. As preeminent custodians of patrimonial assets, these banks offer unparalleled global resources and excellent products and services.
Once the custodian bank is selected, the client has the option to open accounts in his own name, in the name of a legal structure he owns (such as offshore companies, trusts or foundations), under pseudonym or as a numbered account.
The legal relationship between the custodian bank and the client is preserved at all times. Therefore, all legal duties that the bank has towards the client are unchanged. These duties include safeguarding his assets, generating and dispatching instantaneous detailed debit or credit advices, producing and sending clear and accurate statements of accounts, and allowing him unhindered access to account information electronically or by mail.