Direct Securities Services (DSS)

Direct Securities Services (DSS) is a vital and dynamic business line within Global Transaction Banking. Deutsche Bank is among the top three custody services providers on the market in terms of assets under custody and transactions. DSS services both domestic and cross border institutions in 32 markets globally by coupling Deutsche Bank’s resources as a global bank with its local expertise and know-how in the individual markets.

Deutsche Bank launched DSS in Hungary in 1999. The product and service model used in Hungary is based on local and global expertisethat was developed and is managed in-house 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 experience in servicing a diverse client base.

Strategy

Our strategy for DSS 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.

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. DSS Hungary provides top quality Client Management locally and additional client coverage across multiple time-zones for the resolution of client queries outside of regular DSS Hungary business hours. Clients will have local, regional and global relationship managers for the escalation of any issue.

 

Services

Direct Securities 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 include HUF Cash Clearing in 2001 and Remote Membership Clearing, for foreigners who become direct members of the Budapest Stock Exchange, in 2005.

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. DSS Hungary has been Top Rated by Domestic Clients for the last five years (2006, 2007, 2008, 2009 and 2010) and Top Rated by Cross Border Clients in 2006, 2007, 2008, 2009 and 2010, and Commended in 2005. Additionally, DSS Hungary received the award for “Best Agent Bank in Hungary” in 2006.

Direct Securities Services

 


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 service fees that includes local regulatory fees
  • State of the art processing system with direct access to KELER

Contacts

Our DSS team consists of the following highly qualified individuals who offer global client competence with local delivery.

Bóta Katalin
Deputy CEO
Tel: +36 (1) 301-3774
Email: katalin.bota@db.com

Mónus Attila
Head of DSS
Tel: +36 (1) 301-3734
Email: attila.monus@db.com

Nagy Katalin
Assistant Vice President
Tel: +36 (1) 301-3708
Email: katalin.nagy@db.com

Liu Weiwei
Assistant Vice President
Tel: +36 (1) 301-3781
Email: wei-wei.liu@db.com


Fax: +36 (1) 301-3709
Group email:
mailto:DSS.Hungary@db.com

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Last update: July 6, 2017
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