Dealing and Safe Custody

King & Shaxson is a leading supplier of dealing and custody services for UK Local Authorities, Building Societies, Challenger Banks, Fund Managers, Universities, Charities and Corporates. Our dedicated team offers an innovative dealing and custody service that allows access to the full spectrum of appropriate investment options. We provide a pro-active service where we consider your individual treasury policy and offer the best available investment options for you.

1 st
to introduce free custody
to local authorities
£7bn+
in
custody
$65bn
group
assets AUA

FACILITATING INVESTMENT

In order to invest in the full range of transferable securities, such as UK Treasury Bills or Gilts, an investor must have access to a custodian account, in which the securities can be safely held. The significant costs associated with opening such an account had limited the ability for some investors to pursue such instruments. With the introduction of the custody service, King & Shaxson has made these instruments accessible to institutions of all sizes. Opening an account facilitates investment in the full range of instruments, enabling clients to diversify their portfolio and utilise unused counterparties on their lending lists.

SUPPORT

Full access to our back office support is provided with a dealing and custody account. Our settlements team will deal with all aspects of the settlement process as well as any coupon payments and corporate actions on your holdings. Daily reconciliations of client assets are undertaken and monthly custody holding statements are provided.
The Firm has a dedicated Client Asset Oversight Office, which oversees all aspects of our CASS Operational and Control environment. The Client Asset Oversight Officer reports directly to the Firm’s Executive Committee on all CASS related matters. The safety of our client's assets is deeply embedded within our operational processes, controls and culture, ensuring the rules and guidelines within the FCA's Client Assets sourcebook are followed in all aspects of our business model.

INDEPENDENT VALUATION SERVICE

Our independent Valuation Service has direct access to current market levels and so is able to provide high quality accurate valuations which are not possible without continuous contact with the market. The service can be tailored to meet client needs.

The service facilitates investment in negotiable instruments including:

  • treasury bills;
  • certificates of deposit;
  • bonds;
  • floating rate notes;
  • commercial paper;
  • repos/secured lending