The Depositary is responsible for the custody of ‘Financial Assets’ as defined by the Directive in those circumstances where our clients hold such assets.

As the Depositary, we will:

  • hold such ‘Financial Assets’ with a recognised and authorised Global Custodian in segregated accounts;
  • carry out regular and timely reconciliations of ‘Financial Assets’ records of the Global Custodian and Heritage Depositary.
     

Provision of actual ‘Safekeeping’ of non‑financial assets falls outside the scope of the Directive. However, Heritage Depositary has the resources to provide a safekeeping service for such assets, if desired. We will:

  • maintain such documents on our Safekeeping Database as well as keeping them in a safe under dual control;
  • undertake a regular reconciliation of these documents held in the safe against our Safekeeping Database.
     

Heritage Depositary Company (UK) Limited is an affiliate member of DATA

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