MeritKapital has indirect accounts with both euroclear and clearstream as well as accounts on domestic exchanges through its relationships with various sub custodians.
The firm is swift compliant and can thus transmit payment and financial instrument transactions to its custodians electronically for a seamless and timely settlement process. Custody clients can direct settlement instructions either through swift or by uploading format specific files onto MeritKapital’s custody portal. The firm’s platform can handle back-to-back settlement of fixed income securities for licensed fixed income brokers that trade on an agency basis.
MeritKapital is a member custodian of the Cyprus stock exchange and amongst the largest custodians of Bank of Cyprus shares.