Stock exchange and custody accounts

Information about early repayment of a convertible bond

Category Stock exchange and custody accounts | Source Annual Report 2018/14

An asset manager claimed on behalf of a number of his clients that the bank had not issued information regarding the termination of a convertible bond even though, as custodian

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Cancellation of a limited buy order for a derivative

Category Stock exchange and custody accounts | Source Annual Report 2018/15

The customer complained that the bank cancelled a limited buy order for a derivative before the selected end date without duly informing him because the issuer had temporarily indicated that

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Freezing of assets in connection with the so-called Madoff Affair

Category Stock exchange and custody accounts | Source Annual Report 2018/16

The customer, represented by his lawyer, wished to terminate his business relationship with the bank. The latter withheld a six-figure sum however because it asserted a right of pledge over

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Investments within the framework of an “execution only” relationship

Category Stock exchange and custody accounts | Source Annual Report 2017/12

The client instructed the bank to purchase shares in a company outside the domestic market. After checking, his adviser informed him that the shares in question were not available to

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Automatic foreign currency balancing for debit positions

Category Stock exchange and custody accounts | Source Annual Report 2017/11

The client had been trading shares listed on the Hong Kong stock exchange since 2015. The foreign currency (HKD) debit positions resulting from the purchase transactions should have been balanced

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