Custody business of VTB Bank receives the highest scores
Custody business of VTB Bank got the highest scores in Euroclear Bank’s 2021 Annual Performance Review. VTB has maintained a long-lasting, productive relationship with Euroclear and, in particular, has been providing securities custody agency services in the Russian market since 2013.
The quality of VTB custody services has been assessed during Annual Performance Review, which is held annually around the world among all the Euroclear Bank service providers.
The review analyzes the performance of providers in different post-trade processes: transactions and settlements of securities, payments, processing of income payments and corporate actions, overall level of client support services, etc.
Quantitative and qualitative criteria, set by Euroclear, the leading international provider of post-trade services, include:
— Timely receipt of reports/confirmation
— Speed of instructions processing
— Quantity of STP cycles without cases where manual processing is necessary
— Quality of handling of out-of-the-box queries.