Custodial Service & NITA

Custodial Service & NITA

FOR NON-RESIDENT BANGLADESHIS TO INVEST IN BANGLADESH STOCK MARKET.

OPEN A NON-RESIDENT INVESTORS TAKA ACCOUNT (NITA) WITH COMMERCIAL BANK OF CEYLON PLC (CBC).

WHAT IS NITA?

THIS IS AN ACCOUNT FOR CHANNELING FOREIGN CURRENCY TO BUY AND SELL SHARES AND REPATRIATE SALE PROCEEDS.

WHO CAN OPEN A NITA ACCOUNT?

NON-RESIDENT FOREIGN NATIONALS, NON-RESIDENT BANGLADESHIS AND FOREIGN COMPANIES REGISTERED OUTSIDE BANGLADESH.

HOW TO START?

OPEN A NITA ACCOUNT AND A BENEFICIARY OWNER (BO) ACCOUNT WITH CBC.

OPEN A TRADING ACCOUNT WITH A BROKERAGE HOUSE. (IF YOU DO NOT HAVE A PREFERRED BROKER WE CAN RECOMMEND A SUITABLE BROKERING HOUSE).

OPEN A FOREIGN CURRENCY ACCOUNT WITH CBC AND SEND IN YOUR REMITTANCE.

TRANSFER FUNDS TO THE NITA ACCOUNT TO INVEST IN THE SHARE MARKET THROUGH YOUR BROKER.

CUSTODIAL SERVICE

WILL MAINTAIN BENEFICIARY OWNER (BO) ACCOUNT WITH CENTRAL DEPOSITORY BANGLADESH LIMITED (CDBL) IN ORDER TO TRADE SHARES.

WILL HOLD YOUR SHARES/STOCKS IN SAFE CUSTODY.

WILL ACT AS AN OPERATOR OF YOUR STOCK BROKER ACCOUNT AS PER YOUR INSTRUCTION

COLLECT & PROCESS RIGHT SHARE APPLICATION UPON REQUEST

PROCESS BUYING & SELLING SETTLEMENT WITH NOMINATED BROKER

BENEFITS OF OPENING AN ACCOUNT WITH CBC

EARN HIGH INTEREST FOR THE UNUTILIZED FUND IN YOUR FOREIGN CURRENCY ACCOUNT.

PREFERENTIAL CONVERSION RATE FOR INWARD AND OUTWARD REMITTANCES.

MONITOR YOUR ACCOUNT FROM ANYWHERE IN THE WORLD THROUGH ONLINE BANKING FACILITY.

ONE CLICK "FUND TRANSFER" REQUEST THROUGH INTERNET BANKING.

ENJOY THE LOWEST SERVICE CHARGES.

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Document Required to Open NITA

Personal Account

5 Copies Passport Size Photograph of Applicant
Valid Passport Photocopy
2 Copies of Passport Size Photograph of Nominee (Attested by Applicant at the back of the photo)
Passport Photocopy of the Nominee
Complete NITA Opening Form
Complete BO Account Opening Form

Non Personal Account

2 Copies Passport Size Photograph of Directors
5 Copies Passport Size Photograph of Signatories
Valid Passport Photocopy of Directors
Valid Passport Photocopy of Authorized Signatories
Information Related to Individual Form of Signatories
Complete NITA Opening Form
Complete BO Account Opening Form
Copy of Minutes of Board Resolution Concerning opening & operation of NITA & BO Account duly certified by Chairman/Company Secretary
Copy of Certificate of Incorporation attested by Bangladesh High Commission
Copy of Memorandum & Article of Association attested by Bangladesh High Commission
Certified copy of up-to-date list of directors from relevant registration authority in country of origin attested by Bangladesh High Commission

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NITA Opening Form Personal Account Opening Form Non Personal Account Opening Form Signature Card Internet Banking Form E-Statement Form Authorization Form	CDBL BO Account Opening Form Customer Account Information Form BO Account Opening Form BO Account Nomination Form Agreement Form Authorization Form for Nominated Broker Power of Attorney (POA) Form

If you are interested, please contact to Custodial Service Department on +8802 7114125 [Ext. 132]