Custodial Service Offering

Processing of Trade Instructions

Housing Finance Bank has capabilities to process trades in a wide range of asset classes such as; Equities, bonds, Treasury bills, fixed deposit receipts, Forex, derivatives etc. We process Exchange trades as well as OTC trades or custody transfers and keep appropriate records regardless of whether the securities have been issued in book-entry form or as certificates.

Asset Safekeeping

The Bank has in place dedicated resources to handle safekeeping of all types of securities. Safekeeping of assets is provided through a depository according to the type of the instrument. HFB´s vaults are also available for physical instruments. We attach particular importance to security and our controls are constantly reviewed by both our internal and regulatory Risk Management Teams.

Settlement

The Bank emphasizes the need to handle all transactions urgently. We have therefore invested heavily in operational and Treasury systems to ensure that our clients enjoy prompt settlements. Our teams are always on hand to effect electronic settlements through SWIFT, RTGS and EFT systems.

Corporate Actions

Our team takes care of all events relating to a client’s portfolio. Housing Finance Bank provides a complete range of services related to securities in custody such as dividend/interest proceeds collection and related tax treatment, redemptions, splits, subscriptions, conversions, AGM announcements, and proxy voting besides many others. We maintain a complete database of all corporate actions in the market related mainly to a client’s assets using several informational sources.

Proxy Voting

Housing Finance Bank Proxy Voting enables you to take full advantage of your membership rights in companies where you hold stocks, and to act in accordance with the principles of good corporate governance. At the client’s instructions, an HFB’s representative can personally attend the General Meeting and cast votes on behalf of the client according to their instructions. The proxies may be treated either on a case-by-case basis or on a standing instruction basis. With Housing Finance Bank you can be sure, that your interests are being represented in a competent manner.

Income Payment Collection

Housing Finance Bank is experienced in all income proceeds payment collection such as dividend, interest, principal and redemption. We inform our clients in good time of upcoming interest payment, distributions and capital repayments relating to fund assets.

Tax Reclaims

We offer a full suite of services regarding tax compliance and processing for both local and foreign investors. Housing Finance Bank processes tax withholding and reclaims and provides clients with comprehensive information on all applicable tax laws and regulations, double taxation treatment, and tax documentation. Any amendments are reported as soon as available.

Cash Management Services

The Bank offers a full suite of cash management services for both local and foreign-based investors. In particular, our teams and systems support funds reconciliation, transactions in the Foreign Exchange Marketplace, Spot and Forward transactions execution etc.

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Visit us at one of our many branches across Uganda.

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Phone: +256 414 259 651
Phone: +256 414 259 652

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