Friday 17.December 2010
The Icelandic Financial Supervisory Authority has granted T Plus, a company owned by Saga Investment Bank and others, a permit to operate as a securities company. T Plus is a service company
specialising in securities custody and settlement services.
T Plus was established in October 2009. The company’s founders were Icelandic Securities, Saga Investment Bank and Stapi lifeyrissjodur.
T Plus employees have extensive experience in the field of back-office processing, settlement services and securities custody services. T Plus has established a policy of providing the best services available at a fair price. The company focuses on protecting the interests of its clients and preventing conflicts of interest between the clients of the company and between the company and its clients.
T Plus offers a number of service options ranging from securities custody for individuals, companies and professional investors to the day-to-day operation of securities systems for companies with more extensive securities trading operations, such as banks and securities companies.
The services provided include:
T Plus was established in October 2009. The company’s founders were Icelandic Securities, Saga Investment Bank and Stapi lifeyrissjodur.
T Plus employees have extensive experience in the field of back-office processing, settlement services and securities custody services. T Plus has established a policy of providing the best services available at a fair price. The company focuses on protecting the interests of its clients and preventing conflicts of interest between the clients of the company and between the company and its clients.
T Plus offers a number of service options ranging from securities custody for individuals, companies and professional investors to the day-to-day operation of securities systems for companies with more extensive securities trading operations, such as banks and securities companies.
The services provided include:
- Asset maintenance
- Asset receipt and delivery
- Compiling statements of transactions
- Daily trading receipts
- Regular transaction statements
- Mortgages
- Asset reconciliation
- Settlement and finalisation of mortgage contracts
- Processing and finalisation of company actions
- Collection of bonds and bills
- Settlement and finalisation of estates at death
- Registration of master data
- Rate registration of security categories
- MiFID registrations
- Regular testing of IT systems
- Access controls to securities systems
