Asset Management

Custodian Bank Luxembourg

Sal. Oppenheim has been operating as a custodian bank in Luxembourg since the 1970s. Our range of services encompasses custodian bank services for the most varied of investment solutions, such as mutual funds (UCITS), special funds or managed accounts. Among other things, we focus on alternative investments.

Our bank's size allows each individual client to be looked after individually, meaning that we can respond flexibly to your wishes. We therefore work closely with you to develop bespoke solutions tailored precisely to your requirements. In the process, you will have a permanent contact person at your disposal who will deal with your requirements personally and work with you in developing an optimal structure for safeguarding your assets.

At Sal. Oppenheim in Luxembourg, you have the entire range of custodian bank services at your disposal, from the safekeeping of assets, to account management and onto risk monitoring and compliance. If required, we shall also assume additional services such as investing liquidity for you, hedging currencies and even granting short-term credit lines. You may also use our internal order and execution desk if need be.

Our services – an overview

• Safekeeping of assets on blocked accounts or blocked custodian accounts and acting as a trustee for securities funds
• Monitoring the statutory and fund-specific investment restrictions
• Regular quality checks (due diligence) of depositories, counterparties and target fund companies
• Issue and redemption of fund unit
• Validation of the pricing sources used for the NAV calculation
• Validation of the funds NAVs
• Settlement of all portfolio transactions, including security and derivatives transactions, payments in all standard currencies, forex and derivative transactions
• Market conformity checks of portfolio transactions and valuations
• Settlement of income disbursements and guarantee of income being used in accordance with the law and the regulations laid down by contract
• Calculation, supervision and charging of ongoing administrative fees
• Enforcement of tax refunds
• Monitoring outstanding claims of every kind

Additional banking services for custodian bank clients

• Order execution via our order and execution desk
• FX Hedging of portfolio or share classes based on standing instructions
• Investing liquidity (on the basis of individual agreements)
• Short-term credit lines

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