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Securities Custody

MMG Bank's provides comprehensive securities safe custody and execution services for clients who employ our investment management services or for clients who prefer to self-direct their financial assets. Our custody services include:

  • Custody for all securities and asset types.
  • Receipt and daily sweep of all dividends and interest.
  • Portfolio performance measurement.

We are also capable of allocating fiduciary deposits in a wide variety of renown and financially sound Banks located in the US, Europe, and Panama. The fiduciary deposit is a mechanism through which the client may allocate his financial assets under our Bank’s name but under his own risk. These financial assets are held in a custody account, on the client’s behalf, until their relocation, sale or maturity.

Through our securities’ execution services, clients have full access to the most important markets around the world using several currencies. Our correspondent relationships with reputable brokers worldwide allow us find the best price for securities in most markets as well as give us access to a vast array of investment product promoted by our correspondent firms.

Our GLOBUS system, a sophisticated multicurrency technological platform for private banking, prepares periodical consolidated statements with performance calculations. The Bank consolidated portfolio statement allows clients to review positions classified by the asset type and currency, as well as deposits and credit facilities held with the bank. Debits and credits caused by purchases or sales of securities, coupons payment, dividends and money transfers are posted to a current account. In addition to statements issued periodically by the Bank, every client –using his or her computer- can have real time access to account information 24 hours a day, 365 days a year using our internet banking system.

MMG Bank Corporation is also a subscriber to the “Qualified Intermediary Agreement” with the Internal Revenue Services of United States of America. This agreement allows for non-disclosure of our client’s name to our sub- custodian entities in US markets.

 
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