Overview This Mexican prospect wants to offer custody service to their retail clients (a couple of hundreds rather than millions of customers). They do not have much experience in this space, therefore expect us to guide them in the setup/implementation process.
Scope and Responsibilities - Provide custody service in accordance with the applicable regulations (CNBV, Banxico, and Indeval).
- Custody of national and international securities (via SIC).
- DVP/FP settlement.
- Corporate event management and rights.
- Information and statements.
- Reconciliations and exception handling.
- Compliance with the Single Circular of Brokerage Firms and historical guidelines of custody on behalf of third parties.
- Observance of the Indeval Operating Manual for deposit, custody, administration and corporate events.
- Alignment with Banxico's provisions and circulars related to settlement, DVP and related operations (...