Securities Settlement and Safekeeping
- Clients can instruct us by SWIFT, online or fax
- Securities and cash held in custody are reconciled daily
- Settlement results are communicated in a timely manner
- If a trade fails to settle within the time specified, the fail reason is provided and immediate follow-up initiated
Collection and Remittance of Interest/Dividend Income
- Pre-advice of projected income is provided before expected payment date
- Income receipts are credited to clients’ account on payable date
- Funds credited also can be remitted to a designated bank
Corporate Actions
- Corporate action information collected from information vendors and the depositories is provided to clients in a timely manner
- Entitlement to corporate actions are posted and reported upon allocation
- For voluntary corporate actions, such as tender offers or exchange offers, we communicate with depositories to ensure proper, timely execution
Cash Management
- Cash investment services are available through in-house deposit products, short-term investment funds and/or offshore investment vehicles
Proxy Notification and Voting
- Proxy solicitation and voting information is available, in accordance with the contractual agreement between Mizuho Bank (USA) and Broadridge—one of the largest third-party information providers in the US
Reporting
- Securities Holding Statements
- Transaction Statements
- Pending Trades
- Trade Settlements
- Failed Trades
- Income Projections
- 1042S Annual Tax Statements
Custody Services are provided by Mizuho Bank (USA). Mizuho Bank (USA) is a New York State-chartered bank and a member of the Federal Reserve System and of the Federal Deposit Insurance Corporation.