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Domestic Custody Services (DCS)
Domestic Custody Services (DCS) is a vital and dynamic business line within the Global Transaction Bank. Deutsche Bank is among the top three custody service providers on the market in terms of assets under custody and transactions. DCS services both domestic and cross border institutions in 28 markets globally and couples Deutsche Bank’s resources as a global bank with its local expertise and know how in the individual markets.
Deutsche Bank launched DCS in Hungary in 1999. The product and service model in Hungary is based on a local product which was developed and is managed inhouse with no outsourced or vendor-managed services. Deutsche Bank is focused on growth in the emerging markets, including Hungary, based on innovative product development and the servicing of a diverse client base.
Strategy
Our strategy for DCS is to focus on the provision of excellence in comprehensive domestic custody services, acting as an agent bank to institutional clients worldwide. Our mission is clearly to deliver this strategy operating in a close partnership with our clients and complement, rather than compete with, our customers' businesses.
Domestic Custody Services is responsible for safekeeping and settlement of domestic and foreign assets, processing of corporate actions and income receipts. The service offering was extended to HUF Cash Clearing in 2001 and Remote Membership Clearing, for foreigners who become direct members of the Budapest Stock Exchange, in 2005.
Services
It is the Bank’s firm belief that state of the art systems, a high level of automation and the professionalism of staff are key differentiators to the success of our business. DCS Hungary provides top quality Client Management locally and additional client coverage across multiple time-zones for the resolution of client queries outside of regular DCS Hungary business hours. Clients will have local, regional and global relationship managers for the escalation of any issue.
Our clients’ satisfaction is the means by which we gauge our success and the Global Custodian Agent Bank Survey represents our clients’ testimony in this respect. DCS Hungary has been Top Rated by Domestic clients for the last four years (2004, 2005, 2006 and 2007) and Top Rated by Cross Border clients in 2004, 2006 and 2007 and Commended in 2005. Additionally, DCS Hungary received the award for “Best Agent Bank in Hungary” in 2006.
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Domestic Custody Services
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When you access this link, you are leaving the Deutsche Bank website. The information provided on any websites accessed through this link has been produced by independent providers and Deutsche Bank does not endorse or accept any responsibility for information provided on any such sites. Any opinions or recommendations expressed on such other websites are solely those of the independent providers and are not the opinions or recommendations of Deutsche Bank. The existence of a link from this Website to any other such websites does not constitute a recommendation or other approval by Deutsche Bank of such websites or any provider thereof.
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Services
Core Services:
- Regional, Direct and Multi-Direct Custody
- Safekeeping
- HUF Clearing
- Settlement
- Same day Turnaround / Back to Back Trades
- Fail Trade Management
- Asset Servicing
- Corporate Actions Notification & Processing
- Income
- Proxy Voting
- Tax / Tax Reclaim Services
- Client Reporting
- Settlement, Failed Trade, Transactions
- Funding Report
- Client Score Cards, STP
- Newsflashes, Market Guides, Fact Sheets
- Front-End System
Related Services:
- Clearing Services
- Remote Membership Clearing
- Securities Lending
- Liquidity Management
- Agency Services
- Paying Agent
- Collateral Agent
- Escrow Agent
- Domestic Fund Services
- Fund Administration
- Transfer Agency
- Foreign Exchange
Other services:
- The most competitive instruction deadlines in the market
- Provision of omnibus and segregated account structures
- Competitive fees in respect of local regulatory fees
- State of the art processing system with direct access to KELER
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Contacts
Our DCS team consists of the following highly qualified individuals who offer global client competence with local delivery. Katalin BÓTA Head of DCS, Deputy CEO Tel: +36 (1) 301-3774 E-mail: katalin.bota@db.comAttila MÓNUS Deputy Head of DCS Tel: +36 (1) 301-3734 E-mail: attila.monus@db.comKatalin NAGY Assistant Vice President Tel: +36 (1) 301-3708 E-mail: katalin.nagy@db.comFax: +36 (1) 301-3709 Group email: DCS.Hungary@db.com
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