Crédit Agricole Titres is the leading provider of custody services to retail banks and private banks in France, with a market share of about 40%. It provides securities custody services to all the Crédit Agricole Caisses régionales and the group’s private banking and online brokerage subsidiaries as well as to outside customers, which include some of France leading private banks.
Crédit Agricole Titres’ original business was securities administration and custody (Transferable Securities).
It later extended its activities to providing back office services for Savings and long-term Employee Savings.
We handle the customer’s transactions all the way to the market and provide communication channels (statements, mailings, home banking, call centre), and analytical resources (statistics, data extraction, etc.).
Crédit Agricole Titres has also developed a securities custody and account administration offer for institutional customers from outside the Crédit Agricole group.
Integrated flows from the customer to the markets
When the custodian receives an order, the order is processed and transmitted to a broker, such as CA Cheuvreux for stock-market orders in France. When it receives the response, it must execute the order, i.e. simultaneously ensure that the financial instruments are effectively delivered to the customer’s securities account and that they are paid for. This is called settlement/delivery.From purchase through to sale, the custodian manages the security and all the events affecting it such as capital increases, payment of dividends or processing of coupons. It looks after the tax aspects of transactions and helps customers with their tax returns and the calculation of capital gains. It handles information and reports to the end customer, notably via account statements and tax forms (IFU - Imprimé Fiscal Unique).
Ensuring the security of these stages is therefore of major importance. To respond to this challenge, Crédit Agricole Titres has developed software and information systems that ensure optimum execution of these “post-market” operations in line with the highest standards in the sector.
Custody
Although flows have increased sharply, total assets in custody have grown more slowly, up by 6% to €207 billion at 31 December 2006. Custody chart.
Transactions
Crédit Agricole Titres’ securities transactions activity posted a strong increase in volumes, up by 14.1% on 2005 to 15.8 million transactions in 2006.
Stock-market orders – International. International stock-market orders increased by 21.9% to 133,916 orders in 2006.
