• Custody ServicesOpen or Close

    India is one of the fastest growing economies in the world and has emerged as a key destination for foreign investors in recent years in 2014, the local securities market regulator, the Securities and Exchange Board of India (SEBI) has amended the entry requirements for foreign investors looking to invest in India's securities markets and has introduced a risk based approach for market entry. Foreign investors intending to invest in the equity or debt markets are required to register themselves as Foreign Portfolio Investors (FPI) into one of the three categories of investors depending on their risk profile. Strategic Investors opt for Private Equity or the Foreign Direct Investment routes.

    Under the FPI regime, SEBI has harmonized foreign institutional investors (FIIs), sub-accounts and qualified foreign investors (QFIs) regimes into a single investor class of foreign portfolio investors FPI and provide a single window clearance through designated depository participants DDPs. Features of SBI-SG's Custody and Clearing Services

  • Flexible Custody SystemOpen or Close

    • SBI-SG is supported by an integrated flexible custody application-Intellect Custody (iCustody), which is scalable with the ability to handle volumes and seamlessly service both local and foreign clients.
    • Our system comes with an in-built ability to define Master Account, Sub Account relationships and attach service types, billing charges, reporting schedules and SWIFT message addresses at the individual account level.
    • Our clearing & settlement processes have a fully integrated, automated interface with SWIFT with highest levels of STP and provides full suite support for Custody, Clearing & Settlement, corporate actions, billing, reporting and SWIFT messaging

  • Web-enabled Client Access Open or Close

    • Clients have access to their accounts through our Web-Custody solution available on iCustody with a dashboard view for overview of India accounts - segregated dashboards for settlements, corporate actions etc.
    • Multi file format downloadable option- 'Download' is available on all pages, enabling the client to save required details in various formats like PDF, XLS, CSV, HTML

  • Asset Classes & Structures Open or Close

    • We offer integrated Asset Servicing solutions covering complete range of Asset Classes including international securities through tie-up with SGSS.
    • Our coverage includes Equity (listed & unlisted), Debt (listed & unlisted), Derivatives (Index, Stock, Currency, IRFs), MF units, G-Sec, PTCs, FDs, ETFs and major asset classes in international securities

  • FX and Cash Management SupportOpen or Close

    • SBI has the largest the largest FX trading desk in the country, thereby ensuring
    • A comprehensive range of treasury solutions covering Cash/Tom/Spot booking, forward contracts, 3rd party FX and multi-currency support

  • Market Information and regulatory UpdatesOpen or Close

    • We have a dedicated market information desk covering latest regulatory and market related updates, with in-depth analysis and client impact coverage
    • Adhoc information is sent out on special trading sessions, holiday updates, strikes and any market activity impacting client trading & settlement
    • Changes with respect to process, IT system changes, preparedness, expected timelines are also informed to clients as and when the event occurs.

  • Client Services SupportOpen or Close

    • Our 75-strong team of custody professionals is drawn from the best custodians in the industry.
    • We offer SPOC based client interaction format with dedicated client relationship manager and 12-hour service delivery coverage and essential coverage on holidays.
    • Our experienced team hand holds the client during the market entry process, and also provides assistance in interpretation of regulatory changes and significant market developments.

  • Reporting CapabilitiesOpen or Close

    • We offer a comprehensive suite of reports with flexibility to customize client reporting with a specialized system-supported reporting tool.
    • We also offer support for all regulatory reporting requirements should the need arise.

  • Market AdvocacyOpen or Close

    • SBI-SG is proactively in touch with the local regulators and stock exchanges and is a participant in all industry forums pertaining to the custodial services industry in India.
    • It's pertinent to highlight that our parent company, State Bank of India (SBI) has been playing a key role in developing and deepening the markets across various asset classes. SBI is a member of market development committees like The Fixed Income Money Market and Derivatives Association of India (FIMMDA) and Foreign Exchange Dealers Association of India (FEDAI).

  • Risk Mitigation and Disaster Recovery Open or Close

    • Our premises are access controlled with strictest emphasis on information security with fire-proof vaults conforming regulatory specifications. Our fully operational back up operations site, located at a Tier IV data Centre 21 kms from main office in a restricted zone within the premises and is periodically tested.
    • Our Disaster Recovery servers located 700 kms away for our custody systems and TAT for switch to BCP systems is 1 hour. The servers are periodically tested.