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Independent Custody Service

CMA approved Independent Custody Model which improves settlement efficiency and reduces settlement risk for domestic, regional institutional investors, and Qualified Foreign Investors (QFIs).

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What is an independent custodian?

An independent custodian is a member of Edaa who has the capabilities to safe-keep and manage investor assets. The custodian acts as the investor’s settlement and asset servicing agent in the Saudi capital market and is responsible for supporting and managing pre- and post- trade activities.

Custodian services

A custodian is appointed by the investor (custodian client) to undertake services which include but are not limited to:

  • Settlement
  • Securities Safekeeping
  • Corporate Action processing
  • Cash Management
  • Securities Lending and Borrowing and Reportin

Benefits:

  • Provides an additional layer of protection over investor assets

  • Increases investor control

  • Reduces settlement risk

  • Segregates administrative roles between custodian and brokerage

  • Unbundles brokerage and custodian services

  • Aligned with International Best Practice

Fees

Service Fees (SAR) Frequency
Independent Custody 1bps of average monthly holding; Maximum of SAR 250,000 per annum Per NIN
Interested in our Independent Custody Service?
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