Free of Payment Custody Transfer (TSF) – Maintenance of Acquiring Account for Custodian Change

Optional

Greater flexibility for custodians to manage their clients' accounts.

B3 facilitates free of payment custody transfer

The “Free of Payment Custody Transfer” function in the NoMe system has been enhanced to allow change of custodian to be made without the need to change the carrying account. This alternative will be available in situations where the account is managed by the same custodian.

Changing the acquiring account, in cases where the reason is "04 - Change of Custodian", will be possible while the trade is pending approval. The initiative is part of the Securities Transfer System (STVM) modernization project and brings greater flexibility for custodians to manage their clients' accounts.

Project Tags:

Depository

OTC

Completed

OTC

Product benefits

Improvement

To the “Free of Payment Custody Transfer” function in the NoMe system

Greater flexibility

For custodians to adjust the carrying account

LEARN MORE

While the trade is pending approval, the acquiring account may be changed in free of payment transfer transactions

The NoMe system guarantees the entire infrastructure for the OTC market, with solutions in financial assets, securities and Non-Centrally Cleared OTC derivatives, securities registration and deposit, valuation of instruments, trading, settlement, liens and encumbrances.

Learn more

Upcoming Implementations

Expansion of systems improvements

The project brings greater flexibility to market participants requesting free of payment custody transfer in connection with the Securities Transfer System (STVM) custody transfer modernization project.