Nigeria
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Nominee Services
We hold Financial Assets for safekeeping to minimize the risk of loss. Our services include Trade and Transaction Settlements, Income Collection, Cash Management, Reporting Services and Nominee Services.
Product Information
We hold Financial Assets for safekeeping to minimize the risk of loss. Our services include Trade and Transaction Settlements, Income Collection, Cash Management, Reporting Services and Nominee Services.
1. Trade & Transaction Settlement: Trade processing and settlement for securities such as FGN bonds and corporate bonds, etc. Capability to create Fixed deposits, money market, treasury bills, commercial paper, etc.
2. Safe Keeping (Custody): The solution support automatic vault-in vault-out operations of tangible asset types.
3. Income Collection & Cash Management: Processing of clients’ proceeds on investments and repatriation such as cash dividends, coupon payment and maturity.
4. Corporate Action Services & Proxy & Voting Services: The end to end corporate action processes are handled on the solution. Enable creation of new corporate activities type based on client requirement.
5. Reporting Services: engaging in Investment Administration of the assets, providing cash Reports and regulatory returns on weekly, monthly and quarterly (CBN, SEC, FMDQ).
6. Nominee Services: acting and managing investments in the capacity as a custodian and registering such in the name of the nominee company in the Capital Market as directed by the client
7. Securities Position Valuation: providing market to market price update on daily basis of securities in the Capital Market to ascertain correct assessment on the value of the assets in the client’s books.
8. Euroclear Services: providing trade settlement platform for dollar dominated transactions of securities in foreign central depository such as Foreign Treasury bills & equities, and local equities traded and quoted in foreign Stock Exchange like LSE.
As the first indigenous nominee custodial service provider, First Nominees has extensive industry experience in Nigeria.
First Nominees will go beyond the provision of basic custodial services to deliver value-added services that will significantly impact the performance and profitability of clients.
Our client-centric relationship and operations management capabilities enable us to deliver world-class custodial service, as we seek to understand specific clients’ needs and offer bespoke solutions.
We go the extra mile to deliver on our service promise – with First Nominees, your assets are in excellent hands!Customer Satisfaction
- Timely and accurate execution of customers’ instructions
- Provide timely and accurate information to our clients
- Timely application of corporate action benefits
Relationship Management
- Well-experienced and dedicated relationship managers who are focused on specific clients
- Adoption of “No fail policy” on customer instructions
- Swift response and feedback to client enquiries
- Mutual relationship with the Bank’s Treasury Management team
- Robust Technology Platform (Temenos Solution-T24)
- Robust technology platform that ensures seamless transaction & settlement processing
- Technology platform with straight through processing capability
- Scalable technology platform that guarantees the ability of First Nominees to take on increased customer volumes
Proactive Reporting
- Proactive provision of periodic business intelligence reports
- Asset performance reports across various asset portfolio classes
- Provision of periodic asset reconciliation reports
- Provision of benchmarking reports, against peers along industry parameters
To achieve this, we have in place 6 cardinal value proposition added to our services which can be summarised as follows:
- Innovative Solutions: We collaborate with you to deliver bespoke solutions that cater to your organisation’s needs.
- Industry Knowledge: We bring deep industry expertise gained from countless hands-on experiences spanning functions, sectors, and geographies.
- We Listen: We put our customers at the heart of everything we do. We listen and respond to their needs as we constantly strive to improve our products and services.
- A trusted advisor: We are more than just a custodian, we are your trusted advisor as we partner with you in accomplishing your goals.
- Customer Centric: We continuously aim to provide a unique customer experience for each customer.
- Long Term Commitment: We play a key role in the success of your institution. It’s about what you need and how we respond.
Local & Foreign Markets in terms of investments with major focus on Global Custodians like BY Melon, State Street, BNP Paribas, Citi Group etc.
