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Capital Markets and Escrow Account

Capital Market And Escrow Account Services

The Capital Markets & Escrow Account Services under the Transaction Banking product suite caters to the specialized banking requirements of corporate with regard to Equity/Debt mobilization, Dividend / Interest Payout Management and Cash/Collateral Escrow Management

Caters to the specialised banking requirements of corporates with regards to Equity/Debt mobilization, Dividend/Interest Payout Management and Cash/Collateral Escrow Management.

key attraction

CUSTOMISED SOLUTION

Caters to the specialised banking requirements of corporates.

features and benefits

Exclusive Features

Advanced Operational Capabilities and customised straight through technology

  • Advanced Operational Capabilities and customised straight through technology platform ensures superior satisfaction in the underlying transactions

  • Our highly specialised team of experts ensure faster turnaround times, seamless transaction execution, build strong relationships with capital market constituents and maintain an impeccable record of regulatory compliance

  • Special services include: Banker to Issue Services, Dividend/Interest Payout Services and Escrow Account Services

BANKER TO ISSUE SERVICES

The Bank being a licensed Banker to Issue registered with SEBI, provides Escrow Collecting

Bank and Refund Bank services in relation to Equity/Debt Mobilization transactions of corporate including Initial Public Offers (IPOs), Follow-on Public Offers (FPOs), Qualified Institutional Placements (QIPs), Debenture Issue, Bonds Issue, Rights Issue, and Public Deposits. The Bank is also approved to undertake collection and refund activities for New Fund Offers (NFOs) and Fixed Maturity Plans (FMPs) of Asset Management Companies. The Bank also has the distinction of being amongst the first set of Scheduled Commercial Banks to be empanelled as Self Certified Syndicate Bank (SCSB) with SEBI for providing Application Supported by Blocked Amount (ASBA) services – an alternate mode of investment available to the Bank’s customers in all capital market transactions specified by SEBI.

Features:

The Bank has established a ‘Truly Integrated’ model leveraging of the ‘state of art’ technology platforms to meet the challenges posed by the highly operationally intensive collection activity. Also the skilled team ensures high degree of close co-ordination between various capital market intermediaries such as the Book Running Lead Managers, the Syndicate Members, the Registrar, and other Bankers to the Issue and most importantly the corporate which becomes a critical factor for the success of the transaction. The YES BANK model has been endorsed by the leading capital market participants in the business. The key differentiating features of the Banker to Issue proposition include:

  • Consistently ranked ‘amongst the Top 3 collecting banks’ in value and/or volume terms in the issues managed till date

  • Certified as a Self Certified Syndicate Bank (SCSB) to process Applications Supported by Blocked Amount (ASBA) for all category of investors

  • Strong, long term Syndicate Member and Broking fraternity relationships

  • Superior Logistics tie-ups with specialists backed by stringent SLAs

  • Presence in top 28 strategic capital market business centers across India

  • Refund Management across extensive network of 650+ locations pan India with diverse payment options such as National Electronic Clearing Service (NECS), Electronic Clearing Service (ECS), Real Time Gross Settlement (RTGS), National Electronic Fund Transfer (NEFT), Third Party Transfer (A/c to A/c), Payable at Par Warrants at YES BANK and Correspondent Locations, Payable at Par Cheques, Demand Drafts at YES BANK and Correspondent Locations

  • Best-in-Class services with flawless record of adherence to regulatory timelines, Integrated branch network linked with a market leading Core Banking platform and ISO Certified Back Office

DIVIDEND/INTEREST PAYOUT SERVICES

The Bank being a licensed Banker to Issue registered with SEBI, offers specialized Dividend

Payout Services to manage the payment of dividend to the equity shareholders of the corporate.

In addition, the bank also has superior capabilities in handling Interest Payouts to holders of debt instruments like Bonds, Debentures and Public Deposits.

The Bank’s strong technology based payment solutions has helped in achieving high customer satisfaction by making risk-free payouts supported with a robust and efficient validation mechanism. The Bank leverages on the widespread branch network comprising of YES BANK and its Correspondent Bank branches and offers diverse payment options including electronic and physical modes to the corporate.

 

Features:

The Bank has deployed competent resources to make the entire Dividend/Interest payout transaction a hassle free experience for the corporate. An ongoing engagement and close coordination with the transaction intermediaries like the Registrar and Share Transfer Agent (RTA) and the Printer along with the corporate becomes a critical factor for the success of the transaction. The Bank’s ability to manage high volume transactions with exceptional ease has bolstered the confidence of corporate with large market capitalization in the operationally intensive Dividend/Interest payout management product portfolio.

The key differentiating features of the Dividend/Interest Payout Services proposition include:

  • Pan-India Coverage providing the required geographical spread: Extensive Network covering 650+ locations including YES BANK and correspondent bank locations

  • Availability of Diverse Payment Options: National Electronic Clearing Service (NECS), Electronic Clearing Service (ECS), Real Time Gross Settlement (RTGS), National Electronic Fund Transfer (NEFT), Third Party Transfer (A/c to A/c), Payable at Par Warrants at YES BANK and Correspondent Locations, Payable at Par Cheques, Demand Drafts at YES BANK and Correspondent Locations, Foreign Currency Remittances and Demand Drafts

  • Ongoing Pre-Payout Deal Tracking mechanism for corporate and Registrar & Share Transfer Agents (RTA) resulting in appropriate escalations and efficient coordination

  • Seamless Coordination with Correspondent Bank under benchmarked SLAs

  • Timely Reconciliations at desired frequencies(Annual/ Half-yearly/ Quarterly/Monthly) & Strong MIS capability

  • Online validations with Multi Level check points ensuring higher security & confidentiality

  • Integrated branch network linked with a market leading Core Banking platform and ISO Certified Back Office ensuring consistent accuracy and quicker processing

  • Experience in handling high volume payouts; shareholder base exceeding 3,00,000

  • Strong NECS/ECS capability with over 1,90,000 transactions handled on a deal level

ESCROW ACCOUNT SERVICES

The Bank offers specialized Escrow Account Services under the product domain of Capital

Markets & Escrow Account Services catering to multi-partite transactions. The Bank plays the instrumental role of an agent in such transactions, acting on the instruction of the principals, in holding and releasing the cash/collateral deposited with the Bank as the agent by either of the parties. The Bank has got abundant experience in handling complex and diverse transaction structures including:

  • Credit Linked Arrangements - Lending transactions where Escrow of Borrower’s receivables is defined as a risk mitigant for the underlying credit facility extended by the Lender

  • Capital Market Arrangements - SEBI mandated Escrow transactions including Open Offers transactions triggered by Acquisition of a listed corporate, Buybacks of listed Securities by a corporate, Delisting of a corporate from stock exchange

  • Share Sale and Purchase Arrangements - Bilateral transactions involving escrow of underlying consideration and/ or the shares

  • Trust and Retention Account Arrangements- Escrow transactions in typical Project Finance structures resulting in the Agent undertaking fiduciary responsibilities

  • Technology Escrow Arrangements - Escrow transactions involving custody of underlying Source Code in electronic storage media

  • Litigation Arrangements - Bilateral transactions involving escrow of security amount and/or the documents including title deeds till resolution of pending litigation

  • Investment Arrangements - Transactions involving Private Equity/Venture Capitalist participants with Escrow of underlying investment amount and/or associated shares

Features:

Under the Escrow Account Services portfolio, each Escrow transaction is managed end-to-end by a dedicated team of qualified professionals thereby delivering a highly customized service for the corporate. The expert regulatory advisory coupled with the globally benchmarked operational risk management practices ensures immaculate service delivery in compliance with the extant regulatory framework for all escrow transactions.

The key differentiating features of the Escrow Account Services proposition include:

  • Association with a Seasoned Banking Partner:

    1. Experience in structuring complex Escrow transactions
    2. Expertise in regulatory and compliance advisory
    3. Collateral Custody facilities for underlying documents including title deeds, agreements, share certificates and electronic media such as CDs, DVDs, Disk Drives and Floppies
  • Best-in-Class Service Excellence:

    1. Seamless Coordination with escrow parties and intermediaries
    2. 2. ISO Certified Back Office
    3. 3. Faster Turn Around Time (TAT) in engagement, implementation and execution phases
    4. 4. Account structuring capability with Freeze/Unfreeze, Block/Unblock, Sweep-in/Sweep-out facilities
  • Superior & Accurate Information Management:

    1. Customized MIS/Transaction specific Reporting
    2. peedier Settlements Across Geographies

1.e-Payments RTGS/NEFT : 73,000+ branches across 15,000+locations

2. DD/ Cheque Printing: Payable across 750+ locations

3. Multiple International Correspondent bank arrangements

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