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Interested in Omnibus Account for Debt Market?
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Omnibus Account for Debt Market

An Omnibus account is a special account opened by the Custody Member under a Capital Market Institution’s name in accordance with the provisions of Article 56 of the Securities Depository Centre Rules. This new account type is designed to empower custodians by providing a more efficient and flexible solution for Capital Market Institutions (CMIs) to manage multiple investors' assets. Omnibus accounts allow Capital Market Institutions (CMIs) to streamline administrative processes, enhance risk management, boost operational efficiency, elevate reporting capabilities, and expand their appeal to attract a wider range of investors.

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To open an Omnibus Account for Debt Market:

 

Capital Market Institutions (CMIs) are required to contact a Custody Member of 'Edaa’.

The custodian of the Capital Market Institutions (CMIs) can request to open an omnibus account by filling out the Omnibus Account for Debt Markets Request Form and submitting it to Edaa at ops.ms@edaa.com.sa.

  1. Creating a Special Investor ID: The custodian must submit a form “Investor Configurations Form” to Edaa to create a Special Investor ID. After the custodian receives the Special ID from Edaa, the custodian will define the investor in the Edaa NCSD system for his CMI client.

  2. The name of the omnibus account shall reflect the name of the CMI and must refer that the assets are for the client (example: Omnibus account for the clients of “CMI Name”’)

  3. Create the Omnibus Account: After the investor has been defined in the system by using the Special ID, the custodian will submit a form to create the Omnibus account.

For more information, please contact our Customer Service team on email: cc@edaa.sa

Interested in Omnibus Account for Debt Market?
Contact Us