Settlement & Custody
City & Continental Securities Ltd clears its bond transactions through Pershing Securities Ltd via a "Model B" clearing arrangement. Under this agreement, Pershing undertakes to honour transactions we strike in the market and therefore becomes the counterparty to our clients. Pershing is fully owned by Bank of New York, which is rated Aa2 by Moody's (as of August 2009).
We can offer, in certain circumstances, custody services to customers, Pershing Securities acting as nominee. For further information regarding Pershing, please contact us directly, or see Pershing Securities Limited.
For settlement and account queries, please contact Iain Herriot at City & Continental.
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