Orbis FPI II Proposal
Orbis FPI II Proposal
Thank you for giving us an opportunity to offer our services for your upcoming FPI.
Custody &
Clearing
Services
Designated
Depository Fund
Participants Accounting
(DDP) Services
Securities
Services
Banking
services Derivatives
Clearing
through
partner bank Services
Depository &
Escrow
Services
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Please find below our Proposal & scope of Services for Foreign Portfolio Investors (FPI’s) for your kind perusal.
• Custodian:
• Uploading of the necessary documents on the KYC Registration Agency (KRA for the client)
• Opening of the Custody & Depository account with Orbis and opening of the cash accounts with
IndusInd/SBM Bank under the POA
o Cash accounts of the FPI will be opened with IndusInd/SBM by Orbis and will be operated
by Orbis under a POA. These will be non-cheque book accounts.
o Based on the FX done by the FPI, the funds will be credited to FPI Bank account with
IndusInd/SBM.
o Orbis will initiate the transfer using Electronic Banking from the FPI account to Orbis’s
pool Bank account.
o Any outward repatriation request will be submitted by Orbis to IndusInd/SBM.
o A2 form will be submitted by Orbis to IndusInd/SBM.
• Corporate actions tracking and execution for voluntary events under FPI’s instructions
• Data reconciliations (open positions, securities, funds, corporate actions, etc. )
• Exceptions handling with exchanges & brokers
• Tax Consultant
• Working with the Tax consultant for the Income Tax Permanent Account Number
• Based on the authorization of the client, Orbis will be reporting the trade information to the Tax
consultant on trade day
• In case of any repatriation of the funds, Orbis will coordinate with the Tax consultant for the
necessary NOC for submitting the request to Bank.
• Reporting:
• Reporting to FPI Clients / Private Banker / Financial Advisor through multi-dimensional web login
facility
• Local compliance & regulatory reporting including coordinating with AD Bank for withholding tax
computations, deductions, and deposits
• Derivatives Clearing Services: Registered as a Professional Clearing Member with the various exchanges
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Exchange Cash Market Derivatives Segment
NSE √ √
BSE √ √*
MSEI √ √*
* Currency segment
• Dedicated Team handling - PCM operations to provide the client update on their positions as well
as margin
• Collateral Management: Have necessary set-up to accept “Non-Cash Margin” from client for
placing collateral with Clearing Corporation
• Alerts at pre-agreed usage
• Reporting (Daily activity statement Report and Client wise open position Report)
• State of Art system capable of handling large volumes
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Fee Schedule for FPI II
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Acceptance of Services
We look forward to working with you and building a long-standing, mutually beneficial relationship.
This offer letter is only for the purpose of acceptance of the commercial terms of appointment.
Kindly acknowledge and return a duplicate copy of this letter by fax / courier as a token of your
acceptance of the terms. Should you require any clarifications please do not hesitate to contact the
undersigned.
Yours Sincerely,
Authorized Signatory
Acceptance:
We accept your terms and condition
For, ABC
Authorized Signatory
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