Types Of markets
(Automated Trading System manages the following 4 types of Market)
Foreign investors need to fill a Customer Account Information Form with NRBC Bank Securities Ltd (can download from our website) and send the form to the brokerage house, duly filled and signed by authorized personnel, together with photocopy of other required documents. They also need to open a Custodian Account with any custodian bank in Bangladesh. Along with BO account opening, the custodian bank will take care of other account openings, such as Cash Account (or NITA A/C), Securities A/C and F/C Account.
After opening the respective accounts, foreign investors can trade directly with NRBC Bank Securities Ltd. They can give buy/sale order to NRBCBSL through email, fax, and through phone. Trade confirmation will be sent to the investors after trade hour via auto email following execution of the order.
The settlement process - transfer of share and cash - is done mutually by NRBC Bank Securities Ltd and the custodian bank at DVP (Delivery VS Payment). The settlement period varies with the category of shares - (T+9) days for Z-category shares and (T+3) days for all other categories (A, B, G and N category). However when a stock is traded in the spot market, the settlement period is T+0 day for all categories of share.
From NRBC Bank Securities Ltd side, there is only one fee/charge - trade commission, set at maximum 0.50% on total trade value, with prime rates applicable for prime clients. There is no account opening fees or any other fees. Moreover foreign investors will get a number of facilities from NRBC Bank Securities Ltd which includes top quality research report and proprietary index prepared and maintained by NRBCBSL Research.
Foreign Investors also need to take into account the relevant tax associated with trading in the Dhaka Stock Exchange. Foreign individual investors only need to pay 25% tax on cash dividend, deducted at source. The rate is 20% for institutional investors. Institutional investors are also charged with capital gain tax of 10% is charged on profit portion only, deducted during repatriation of money.
Customer Account Information Form: Foreign investors need to fill a Customer Account Information Form with NRBC Bank Securities Ltd. The form is different for individual investors and institutional investors. Foreign investors need to send the form (hard copy) to the brokerage house, duly filled and signed by authorized personnel. They also need to attach photocopy of other required documents (hard copy), stated below:
For institutional investors
For individual investors
B/O Account Opening:
For BO account opening, foreign investors need to open a Custodian Account with any custodian bank in Bangladesh. Previously, the foreign banks, such as Commercial Bank Of Ceylon/HSBC/ Standard Chartered Bank were providing custodian services to foreign investors. Along with BO account opening, the custodian bank will take care of other account opening, such as Cash Account (or NITA A/C), Securities A/C and F/C Account. Following is a list of custodian banks:
Research
NRBCBSL Research provides foreign investors with top quality research, including Individual Company Research, Sectoral Report, Comparable Sheets, Macroeconomic Report, Daily Market Update, Weekly Market review and many more.
Management Meeting
NRBCBSL Research team organizes and arranges meeting with the management body of various companies on behalf of foreign institutional investors and prime clients.
Dedicated Traders
Dedicated traders are in place for swift and best execution of buy/sale orders of foreign clients. Necessary compliance is in place to prevent front-running to protect the best interest of our clients.
Investment Process Summary
Foreign investors need to fill a Customer Account Information Form with NRBC Bank Securities Ltd (can download from our website) and send the form to the brokerage house, duly filled and signed by authorized personnel, together with photocopy of other required documents. They also need to open a Custodian Account with any custodian bank in Bangladesh. Along with BO account opening, the custodian bank will take care of other account openings, such as Cash Account (or NITA A/C), Securities A/C and F/C Account.
After opening the respective accounts, foreign investors can trade directly with NRBC Bank Securities Ltd. They can give buy/sale order to NRBCBSL through email, fax, and through phone. Trade confirmation will be sent to the investors after trade hour via auto email following execution of the order.
The settlement process - transfer of share and cash - is done mutually by NRBC Bank Securities Ltd and the custodian bank at DVP (Delivery VS Payment). The settlement period varies with the category of shares - (T+9) days for Z-category shares and (T+3) days for all other categories (A, B, G and N category). However when a stock is traded in the spot market, the settlement period is T+0 day for all categories of share.
From NRBC Bank Securities Ltd side, there is only one fee/charge - trade commission, set at maximum 0.50% on total trade value, with prime rates applicable for prime clients. There is no account opening fees or any other fees. Moreover foreign investors will get a number of facilities from NRBC Bank Securities Ltd which includes top quality research report and proprietary index prepared and maintained by NRBCBSL Research.
Foreign Investors also need to take into account the relevant tax associated with trading in the Dhaka Stock Exchange. Foreign individual investors only need to pay 25% tax on cash dividend, deducted at source. The rate is 20% for institutional investors. Institutional investors are also charged with capital gain tax of 10% is charged on profit portion only, deducted during repatriation of money.
Foreign Individual
25.0% on Cash dividend & 0.00% on Capital gain.
Foreign Company
20.0% on Cash dividend & 10.0% on Capital gain.
Dhaka Stock Exchange (DSE) has implemented Centralized Order ...
NRBC Bank Securities Limited processes and submits BO Application of its clients ...
NRBC Bank Securities Limited processes and submits IPO application of its clients ...
NRBC Bank Securities Limited (NRBCBSL) is a subsidiary of NRB Commercial Bank Limited; started its operation on December 12, 2016. It is one of the impetuously growing stock brokers in Bangladesh. NRBCBSL offers stock brokerage services to local, international institutions and retail clients. It especially provides one-stop services to Non-resident Bangladeshis (NRB).
NRB Commercial Bank Ltd
Dhaka Stock Exchange
Chittagong Stock Exchange
Bangladesh Securities and Exchange Commission
Bangladesh Bank