Erste & Steiermärkische Bank d.d. also provides services of Depository Bank for investment funds.

Depositary bank shall act solely in the interest of the fund investors for whom it carries on the activities of a depositary bank.

Rights and Obligations of a Depositary Bank

Besides operating with separate cash and custody accounts for each investment fund, Depositary Bank's duties are the following:

    controlling all business activities and especially investment fund's purchase and redemption of units according to the relevant regulations, rules and prospectus.

    redemption of investment fund's units and payment to unitholders

    controlling the daily calculation of the Net asset value (NAV) per unit in accordance with relevant regulations, rules and prospectus.

    execution of Client's instructions related to the transactions with securities and other assets and taking care that these transactions are settled according to contractual terms.

    5. providing information about corporate actions.

    collection of income and other rights for funds assets.

    keep records of conducting business as a depositary bank for each fund

    providing all necessary information to auditors and other authorised entities.