The Standard Chartered bank announced on March 29 it was providing a full rage of securities services including custody and clearing, fund and escrow to institutional investors in Vietnam .

As the global economic recovery was now well underway with emerging Asian markets playing a significant role, Vietnam provided and exciting investment opportunity for both local and international investors, the bank said in a press release.

Standard Chartered Bank Vietnam aims to support investors better through their comprehensive securities services, as their clients strive to manage new fund flows to Vietnam more efficiently and effectively.

Custody and clearing services will be provided to both domestic and offshore funds while fund services will be available to domestic funds in conjunction with supervisory services.

Since 2000, Standard Chartered Bank has been one of the top providers of custody/sub-custody services for foreign institutional investors in Vietnam .

Additionally, the fund services are specifically developed to offer customers the flexibility of extensive reporting facilities along with supervisory bank services.

This service would cover fund accounting, valuation of investments, compliance monitoring ad financial reporting for internal and regulatory requirements, the bank said.

In escrow services, the bank would act as a neutral and reputable third-party administrator that holds the assets of the parties in the underlying transaction in Escrow Accounts (separate Escrow Account for each Escrow Transaction).

The bank would safeguard both parties by ensuring delivery of assets/each/documents only when all prescribed and agreed conditions were fulfilled.

“The introduction of full securities services reaffirms our continued commitment to serve both new clients and existing ones in the country. With these comprehensive services, we offer a one-stop shop for institutional investors like insurance companies, asset management companies and fund managers,” said Haroon Anwar, country head of Transaction Banking./.