Citi’s Global Transaction Services unit has been appointed to offer direct custody and clearing services to clients investing in Kuwait. The lender will now be able to service the Kuwait Stock Exchange (KSE).
It will provide custodial services in the market for KSE-listed securities. The services include account management, settlements, safekeeping, pre-matching, registration, full asset servicing suite, income collection and payment of dividends and interest, market claims, handling post-trade issues, cash management and foreign exchange.
Click here for the release from Citi.