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Solutions for banks

In us you will find a provenly skilled and reliable partner for your transaction banking needs. Through our strong capabilities in custody and other bank-related transaction services, we have become the leading interbank provider in Northern Europe.

SEB offers comprehensive solutions for banks, combining advanced cash management and sub-custody services across the Nordic and Baltic markets. As one of the largest Nordic currency clearing agents, we provide cross-border clearing, CLS nostro agency, and treasury services, while also delivering secure asset safekeeping, settlement, and corporate action handling for foreign banks without local representation.

Sub-custody

We offer sub-custody services in the Nordic and the Baltic markets. Our strong position in these markets, and our in-depth knowledge of them, helps us serve the best interests of you as our client. We back this up with access to business-critical information, allowing you and your clients to make timely and well-informed investment decisions. Our primary clients are foreign banks, including universal banks, global custodians, and broker-dealers, without local representation.

The product cornerstones of our Sub-custody offering

  • Safekeeping of securities held in the Nordic and Baltic CSDs through our flexible sub-custody system. The system allows for a multitude of account setup alternatives.
  • Settlement processing with an optional automatic borrowing functionality, which will assist you in reducing fail rates and associated costs. SWIFT based status messaging can be complemented with API-based updates.
  • A full range of asset servicing capabilities. This includes mandatory and elective corporate action processing – supporting you with event monitoring, processing and reporting throughout the event lifecycle – income processing, transaction management, taxation services, as well as general meeting and voting services.
  • Issuing and paying agent services for certificates, notes and warrants. This includes the listing of products on applicable stock exchanges, as well as associated services for mark-ups and mark-downs and redemption and expiration processing.

Cash management for banks

SEB offers tailored cash management for banks, including Nordic currency clearing where we are one of the leading agents, CLS services and indirect domestic clearing.

Global custody

With our global custody services, all the key functions expected of a global custodian are provided as standard. With a network of sub-custodians covering more than 85 markets, we help our clients meet the challenges of cross-border investing and actively promote global standards for efficiency and risk management. Our global custody solution is supported through a close partnership with BBH.

Contact

Jesper Lindén

Head of Investor Services Banks
+46 8 763 54 36
jesper.linden@seb.se

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