Home Webmail Intranet     Products & Services    Investment Banking      Merchant Banking Wing   Site Shortcuts Branch Locations   ATM Locations   Forms Center     Site Tools Bookmark This Page   Print This Page   Send to Friend       Portfolio Management Service Since inception, we have achieved an unparalleled reputation as a leading Merchant Banker through providing portfolio management services by maintaining a high level of professional expertise and integrity in client relationships. Keeping customer preferences as an investor in mind, AB Bank has designed Investors’ Discretionary Account (IDA) and Bank's Discretionary Account (BDA). In these accounts the customers may enjoy loan facilities at a ratio 1:1 for investments in private placement, IPO, and secondary market operations. Types of Accounts: Investors’ Discretionary Account (IDA): This leveraged account is managed by the account holder through us. By this the investor bears the risk of investment and also its gain or loss. Banks’ Discretionary Account (BDA): With this account the Bank, on behalf of the account holder, uses its discretion in managing the account. The investor lays down his/her investment objectives and the Bank designs a portfolio aligning the investors' risk-return profile. Operational Procedure: Opening of the Account: Any two Bangladeshi nationals and NRB of sound mind having a minimum age of 18 years may open three IDA/BDA’s-one each in their single name and the other in their joint names. Building of Portfolio: A diversified portfolio through investment in IPO, Private Placement and Secondary Market. Appointment of an Operator: Account holder may appoint any existing account holder of MBW as an operator of his/her Account. Services: Application, Transfer and Collection of Shares and/ or Dividends: Arranged by AB Bank on behalf of the clients. Safe Custody of Securities: Securities are kept in the AB Bank vault. IPO and Private Placement: AB Bank furnishes the account holders, information about forthcoming IPOs and Private Placement through FAX, e-mail and letters upon request. Statement of Accounts: MBW of AB Bank sends portfolio information to the account holders every 6 months. Besides, the account holders may also obtain information on their portfolios any time upon request. Investors can access their portfolio any time from any part of the country through SMS and Phone Service. Fees and Charges: Criteria IDA BDA Minimum deposit BDT 10,00,000 BDT 10,00,000 Loan Facility (optional) Max BDT 5.00 crore Max BDT 5.00 crore Documentation charge BDT 500.00 BDT 500.00 Brokerage Commission* 0.35% on transaction value 0.35% on transaction value Portfolio Management Fee* 1.50% p.a., on Portfolio value, charged quarterly 2.00% p.a., on Portfolio value, charged quarterly Service Charge on Portfolio Certificate* Tk. 200.00 per year Tk.300.00 per year Rate of Interest Interest is charged on the loan utilized amount as per the decision of the management SMS Charge Tk. 3.00 per SMS Phone Service Tk. 10.00 for printed portfolio (on request) *Bank reserves the right to change the rate at any time Additional Services: Interest on Client’s Credit Balance: MBW pays interest @ 6.5% on client’s credit balance, if minimum Tk. 25,000 is kept with the account from the beginning to the end of a month. Portfolio Reporting Through SMS and Phone Service: SMS Service: The portfolio clients of the MBW, may obtain their portfolio positions through SMS service in the following manner: Send a message to 01713045777 mentioning the IDA Account Number and Password (to be obtained from MBW) to get the information regarding accounts (i) Purchase Power (PP), (ii) Current Balance (CB) and (iii) last buy & sell detailing the Company Code, Quantity and Total Cost of each trade. Phone Service: The Portfolio Clients may dial directly to 9560312 Ext 258 / 9566688 to get the portfolio position through Phone Service. Please follow the steps as under: For obtaining connection to the MBW’s Instant Portfolio Service enter 13 digit Account Number and then Password (to be obtained from MBW) to get the information of (i) Purchase Power (ii) Current Balance (iii) Portfolio Position (iv) Financial Statement and (v) Last Trade Report. Clients also have an option to request for the printed Portfolio Position through mail.   Home | About Us | Products & Services | Performance | Customer Services | Contact Us   AB Bank Limited, BCIC Bhaban, 30-31 Dilkusha C/A, Dhaka 1000 Phone: +880-2-9560312 Fax: +880-2-9555098 Email: info@abbank.com.bd Disclaimer | Privacy Policy | Terms & Conditions © Copyright AB Bank Limited. All rights reserved.