
Microcreditbank has taken an important step in developing its international infrastructure. The bank was able to open a custodial account at Bank of New York Mellon (BNY Mellon), one of the world's largest and most prestigious global custodians.Given that Microcreditbank also has direct correspondent accounts with BNY Mellon, this event creates unprecedented synergy for the bank and its clients.
What does that mean?
Lezgin (Express) Settlements (DVP): Global securities purchase and sale operations will now be carried out "inside" a single bank;
Withdraw funds from the correspondent account and place assets in the custodial account instantly, without risk;
Saving commissions on SWIFT transfers without intermediaries and maximizing transaction profitability;
Direct access to global exchanges: The bank provides secure storage for stocks and Eurobonds from the USA, Europe, and Asia.
Now investments are made faster, safer, and without borders.
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