Asset Management

Custodian bank Germany

Sal. Oppenheim jr. & Cie. AG & Co. KGaA (hereinafter referred to as Sal. Oppenheim) has been functioning as custodian bank in Germany since 1971. On the basis of these decades of experience, Sal. Oppenheim’s custodian bank services are characterised by particularly individual and modular product solutions and top quality services.

The prosperous market for investment funds within the meaning of the German Investment Act (Investmentgesetz – InvG) is constantly providing new impetus and sets high standards for the custody of assets, development of services and monitoring of investment companies. The custodian banks, for their part, are challenged by heterogeneous client demands and a dynamic market for software solutions.

Teams of experts are responsible for monitoring the securities and real estate funds; they work reliably and independently to ensure that all contractual and InvG regulatory requirements are met. The need for investor protection is their utmost priority.

Sal. Oppenheim offers these basic services:

• Global custody of assets and trustee function for securities and real estate funds
• Monitoring assets which cannot be placed in safe custody
• Monitoring statutory and fund-specific investment limits
• Timely checks of fund price determination
• Settlement of all asset transactions including payment in all common currencies, foreign exchange and derivatives transactions
• Market conformity check of asset transactions and valuations
• Issue and redemption of fund units
• Execution of profit distribution and guaranteed profit allocation in line with statutory and contractual stipulations
• Calculation, monitoring and debiting of ongoing administrative fees
• Monitoring outstanding claims of all types
• Publishing fund prices

Benefits

• A central team of experts is available to clients for active communication
• Qualified expert staff
• Comprehensive service level agreements concluded with clients
• Swift implementation of supervisory and client-specific changes
• Structured procedure for introducing new products
• Specialised IT infrastructure
• Plausibility checks of expert opinions on real estate funds
• High level of investment in real estate institutional funds due to client market leadership
• Custody of units in institutional funds
• Tax refund claims
• Clients informed immediately of every obligatory and voluntary corporate action
• Global trade in subscription rights

top