Facilon

Safekeeping of Securities Custodians in India are responsible for the safekeeping of securities owned by their clients. This includes stocks, bonds, mutual fund units, exchange-traded funds (ETFs), and other financial instruments. Custodians maintain segregated accounts for each client to ensure proper identification and tracking of securities.
Settlement Services Custodians facilitate the settlement of securities transactions on behalf of their clients. This involves coordinating the delivery and receipt of securities and funds between buyers and sellers in accordance with the rules and timelines prescribed by stock exchanges and clearing corporations.
Corporate Actions Processing Custodians handle corporate actions such as dividend payments, bonus issues, rights offerings, mergers, acquisitions, and other corporate events affecting the securities held in custody. They notify clients of upcoming corporate actions, collect relevant instructions, and ensure timely processing and settlement.
Income Collection and Distribution Custodians collect income distributions such as dividends, interest payments, and other entitlements on behalf of their clients. They credit these income payments to clients' accounts and provide detailed income statements and reports for reconciliation purposes.
Tax Services Custodians assist clients in fulfilling their tax obligations related to securities held in custody. This may include tax withholding, tax reclaim services for foreign investors, tax reporting, and tax documentation management in compliance with relevant tax laws and regulations.
Reporting and Reconciliation Custodians provide clients with comprehensive reporting and reconciliation services to ensure accuracy and transparency in custody operations. This includes daily transaction statements, monthly custody reports, portfolio valuation reports, and customized reporting as per clients' requirements.
Risk Management Custodians implement robust risk management practices to safeguard clients' assets and mitigate operational, legal, and regulatory risks. This includes internal controls, compliance monitoring, fraud prevention measures, and adherence to industry best practices and regulatory guidelines.
Technology Solutions Custodians offer advanced technology solutions and digital platforms to streamline custody operations, enhance efficiency, and improve client experience. This may include online access to custody accounts, automated processing tools, secure data transmission, and integration with clients' systems.
Client Services Custodians provide dedicated client service teams to address clients' inquiries, resolve issues, and provide assistance on various custody-related matters. Client service representatives are available to support clients through phone, email, online chat, or in-person meetings.
Regulatory Compliance Custodians in India operate under the regulatory framework prescribed by the Securities and Exchange Board of India (SEBI) and other relevant authorities. They adhere to strict compliance requirements concerning capital adequacy, operational standards, client asset protection, and disclosure obligations.