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Quick Guide Portugal / Credit Suisse Custody Securities Services / May 2019Quick Guide Chile Key Information CustodianBanco de Chile, SantiagoAddressBanco de Chile Direct Custody and Clearing Est
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01
Identify the countries where you need sub-custodian services.
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Research and select reputable sub-custodian service providers in each country.
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Review and negotiate the terms of the sub-custodian agreement including fees, services provided, and reporting requirements.
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Complete and submit the necessary documentation to establish the foreign sub-custodian network.
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Monitor the performance of the sub-custodians regularly to ensure compliance with agreements and regulations.

Who needs foreign sub-custodian network for?

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Financial institutions that engage in international trading and investment activities.
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The foreign sub-custodian network is used to track and report on sub-custodian relationships for securities held outside of the main custodian network.
Financial institutions and organizations that have sub-custodian relationships with foreign entities are required to file the foreign sub-custodian network.
The foreign sub-custodian network form should be filled out with detailed information about each sub-custodian relationship, including name, address, contact information, and services provided.
The purpose of the foreign sub-custodian network is to provide transparency and accountability in the custody of securities held by financial institutions.
Information such as the name of the sub-custodian, contact information, services provided, and location of the securities held must be reported on the foreign sub-custodian network.
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