The world's local bank
- Home
- Corporate Banking
- HSBC Securities Services
Internet Banking:
or
HSBC Securities Services
HSBC was one of the first banks to introduce custody and clearing services in Egypt in 1993 and is now the largest provider in the market.
Our leading position has been confirmed by the industry in the form of internationally recognised awards namely the Global Custodian and Global Finance surveys, both of which named HSBC Bank Egypt as being the number one custodian bank in Egypt for the 4th (2003-2006) and 2nd (2005-2006) consecutive years respectively.
HSBC in Egypt has excellent relationships with local market authorities, regulators and market participants. Our experience and reputation in the market means that our advice and input on custody-related issues and new market developments is often sought by market regulators.
We maintain a comprehensive market information database which offers clients up-to-date information on any news, rules, regulations, laws or issues affecting the market.
Our broad client base includes some of the world’s most prestigious and reputable global custodians, financial institutions, insurance firms and brokerage houses investing in a wide range of instruments including equities, treasury bills and government bonds.
Custody and Clearing team is made up of highly trained, bilingual individuals with solid market experience who are dedicated to handling client queries, questionnaires and reviews in an accurate and timely manner.
Our fully integrated, flexible systems are designed to serve all our clients in a timely manner by providing real-time processing, reconciliation and reporting. Our fully computerized office system allows fast and accurate operations processing and ensures that we have adequate capacity to accommodate new business at all times.
Our fully equipped back-up site and recovery plans are periodically reviewed and tested to ensure that we maintain the high service standards expected by our clients.
What we offer:
A wide dispersion Over the globe whether in Egypt or in the 83 countries and territories where the group is operating.
A fully bilingual, professional support team
Settlement services - Cash and Script - Swift or Fax confirmations - Settlement failure reporting - Straight through processing (for SWIFT users) - Monthly settlements statistics (for SWIFT users)
Safekeeping of assets in our books.
Handling involuntary corporate actions (Cash Dividends, Bonus issues and stock splits)
Handling voluntary corporate actions (Rights issues and Tender offers)
Real time corporate actions and settlement advices.
Same day FX funding with competitive rates along with repatriation of foreign currency within 24 hours of actual credit.
Providing statements of holdings, transactions and charges on monthly, quarterly, half annual, or annually along with online and batch reporting.
Up to date information about the market or key events that may affect the market through urgent market broadcasts, monthly market update and news brief.
HSBCnet service for balances enquiry and transactions history.
Extremely competitive deadlines for dealing in Central Bank of Egypt instruments through our Treasury Office acting as a Primary Dealer
Regular visits to the Stock Exchange and Central Depository to get the latest updates.
Main Contacts:
Amr Sonbol
Head of Custody and Clearing
HSBC Bank Egypt Corporate,
Investment Banking and Markets
Abou El Feda Building P.O.Box 126D, Zamalek
Cairo, Egypt
Tel.: (202) 2739 6394/4060
Fax: (202) 2736 7344
E-mail: amr.sonbol@hsbc.com
Mohamed Kassem
Head of Client Services
Custody and Clearing
HSBC Bank Egypt Corporate,
Investment Banking and Markets
Abou El Feda Building P.O.Box 126D, Zamalek
Cairo, Egypt
Tel.: (202) 2739 6147
Fax: (202) 2736 7344
E-mail: mohamedkassem@hsbc.com
