Custody Services

VTB license:

• General License of the Bank of Russia № 1000;
• License from the Federal Service on Financial Markets March 25, 2003 for: depository (custody) activity № 178-06497-000100, brokerage activity № 177-06492-100000, dealer operations № 177-06493-010000, asset management № 177-06496 - 001000;
• Russian Federal Service for Financial Markets license number 22-000-0-00011 on 4 October 2000 of a specialized depositary of investment funds, mutual funds and pension funds.

Key Performance Indicators of VTB Custody:

• volume of assets under VTB Bank’s custody is over USD 80 billion;
• VTB Custody serves over 1500 clients, including Russian and foreign banks, global custodians, brokers, management companies and funds;
• The Bank maintains over 400 correspondent accounts, which provides wide opportunities for inter-depositary settlements;
• VTB Bank is a Russian sub-custodian for The Bank of New York Mellon for 18 programs of Global and American depositary receipts.

Compliance with international standards:

• In 2010’s Emerging Market Agent Bank Review organized by the Global Custodian magazine, VTB Bank received the highest scores from Domestic and Cross-border clients that qualified for Top Rated category for the forth consecutive year;
• "Eligible Custodian" under Rule 17f-5 and Rule 17f-7 of the US Securities and Exchange Commission (SEC).;
• as confirmed by the company Ernst & Young, the procedures used by VTB Bank’s Custody meet the standards of the American Institute of Certified Public Accountants Independent SAS-70;
• VTB is the first Russian banking custodian to receive an international public custody rating. Thomas Murray Ratings Limited assigned to VTB a Domestic Custody Rating of A- with a stable outlook, which represents a Strong product offering for all types of assets;

Competitive advantages:



• State ownership guarantees the financial stability of the organization. Enhanced control from the state ensures a constant oversight over Bank’s compliance with the current legislation;
• Historically the majority of the Russian securities market participants have custody accounts with VTB Bank which creates favorable conditions for internal settlements within VTB Bank;
• Diversification of the custodian client base: share of any client does not exceed 15 % of total assets under custody (over USD 40 bln.);
• Membership of VTB Group provides Custody clients with a direct access to the broadest range of financial services rendered by the Group.