FIIG - The Fixed Income Experts

Custodial Service

When you buy bonds in the over-the-counter (OTC) market, you are required to hold them in the safe keeping of a licensed custodian until they mature or you decide to sell them. CHESS, a company owned by the ASX, is one example of a custodial service provider for financial products such as shares, warrants and units in trusts. However, CHESS does not cater for OTC bonds.
Licensed custodial service providers, such as FIIG, hold an electronic record of an investor’s beneficial ownership of a bond. They also provide a range of services including account administration, transaction settlements and reporting.
FIIG is an incidental provider of custodial services, as we provide custodial services for the purpose of facilitating our other main services, which includes client trading of, and investment in bonds via our DirectBonds Service, or MIPS.

FIIG’s Custodial, Settlement, and Administration Services

FIIG’s Custodial, Settlement, and Administration Services include:

  • Holding and safekeeping your fixed-income assets
  • Maintaining adequate records with respect to beneficial owners
  • Notifying you of any event which may affect your assets (i.e. corporate actions, consent events)
  • Transaction settlements
  • Collection and processing of payments, including coupons and maturity payments
  • Settlement in other currencies facilitated via our Foreign exchange service
  • Account administration including the processing of contract notes and corporate actions
  • Reporting, including monthly and annual statements

You can access your portfolio valuations and reports via the MyFIIG secure on line portal.  MyFIIG also includes market data and forecasting tools to help you manage your portfolio.

FIIG usually undertakes an annually independent assurance report on internal controls relating to FIIG’s custody service (GS007 type 2), which is an international standard to which Global Custodians adhere. This audit is performed by Grant Thornton Australia, ensuring an independent review of the service. The GS007 audit report is available to FIIG clients on request.

Ownership of your bonds

The beneficial ownership of your bonds, held in our custody, remains with you at all times. Your bonds can only be bought, sold, or otherwise dealt with in accordance with your instructions to FIIG. This means that your bonds are your assets and do not form part of the assets of FIIG or the custodial bank. Therefore, if FIIG or the custodial bank were to cease operations, your bonds are safe and remain yours.

Custody and Administration Fee

Up to

0.2% pa


0.14% pa


0.09% pa


0.06% pa

The Custody and Administration Fee is subject to a minimum monthly fee of:

- $20 if you nominate an existing Macquarie Bank CMA or elect to establish a new FIIG Funding Account held in your FIIG account name with Macquarie Bank; or
- $30 if you do not elect to have a Macquarie Bank CMA as your FIIG Funding Account.

The Custody and Administration Fee is calculated daily on the value of your account holdings and charged monthly.

More information about our fees can be found in the FSG.

For more information

Custodial services factsheet PDF download

Download the Custodial Service brochure

Get the brochure

Talk to us
Brad Sheehan - Director Corporate and Institutional Natalie Wilding, Director - Fixed Income Jon Sheridan - Director, Fixed Income & Investment Strategy Tom Guest, Director - Fixed Income Garreth Innes - Director - Fixed Income  

Phone  Call us on 1800 01 01 81

...with offices based in Sydney, Brisbane, Melbourne and Perth  

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