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What specific services are included in IMS?
What are the charges ?
How do I Sign-up?
Who do I contact? |
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An integrated investment management service for the serious investor
I & M bank’s Investment Management Services provides all facilities required by investors for investing and managing a portfolio of shares and government securities through a one-point contact in a personalized and professional environment of a commercial bank.
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Who are eligible for I&M Bank’s Investment Management Services (IMS)?  |
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Any private individual or corporate body (local, East African investor, foreign investor or portfolio manager) investing in company shares quoted at the Nairobi Stock Exchange and/or Kenya Government securities like Treasury Bills & Bonds and Corporate Bonds.
The minimum criteria for this service are investors, or groups of investors, having existing investments of (or intending to invest in a short time) at least Kshillings 1 million.
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| What specific services are included in IMS? |
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There are 3 broad categories of services which are offered. Investors can choose which services they want to avail of:
Category I
Buying, holding and selling of shares quoted in the Nairobi Stock Exchange by opening & operation of Personal Securities (CDS) accounts (TO EASE THE MECHANICS OF SHARE MARKET INVESTMENT THROUGH RELIABLE AND EFFICIENT SERVICES)
- Opening of Personal Securities Accounts ( CDS) account at I&M Bank for purchase/holding/selling of NSE quoted shares.
- One point purchase /sale of NSE shares through I&M Bank’s empanelled brokers.
- Immobilization of share certificates and credit into and withdrawal from CDS account.
- Transfer of holdings in CDS accounts from other Central Depository Agents to I&M Bank.
- Opening IMS transaction accounts in Kenya shillings and Foreign Currency with I&M Bank for smooth transfer of funds for buying /selling of shares.
- Investing in IPOs and Rights Issues.
- Eligibility for Loan and/or Share-Trading Overdraft Facility against portfolio held under IMS with I&M Bank.
Category 2
To handle investments in a fiduciary capacity though Nominee accounts (COMPLETE AND HASSLE FREE INVESTMENT MANAGEMENT UNDER THE BANK’S NOMINEE NAME)
Opening of Nominees CDS Accounts for the beneficial ownership of Investors.
- All services as listed under Category I above offered on the Nominee Accounts.
- Eligibility for Loan and/or Share-Trading Overdraft Facility against portfolio held under IMS with I&M Bank.
- Monthly portfolio valuation reports of securities held in CDS account with I&M Bank.
- Pledge /Lien Creation of Securities (Shares).
- Pledge Release/Discharge of Securities (Shares).
- Rights & Bonuses Issues.
- Shares Splits & Redemptions.
- All other Corporate Actions.
Category 3
Investments in Kenya Government Treasury Bills and Bonds (A ONE-POINT SERVICE FOR SMOOTH INVESTMENT INTO GOVERNMENT SECURITIES)
- Investment in T-Bills and T- Bonds through an I&M Bank Nominee Central Bank CDS Account.
- Multiple Primary Bidding on behalf of Investors.
- Secondary Trading (Buying & Selling) through the Nairobi Stock Exchange (NSE).
- Collection and Banking of maturity proceeds from Central Bank of Kenya.
- Roll-Over of Investments on maturity.
- Collection and Banking of Half-Yearly Interests on Treasury Bonds.
- Issuance of I&M Bank Investments Certificates of Holding.
- Remittances of Government Taxes on behalf of Investors.
- Issuance of Withholding Tax Certificates for tax.
Deductions on Investments Income.
- Lien Creation/Discharge on Treasury Bills & Bonds.
- Transfer of Treasury Bills & Bonds from one CBK CDS account to another.
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| What are the charges ? |
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A complete list of charges for various services may be obtained from I&M Bank’s Investment Management Services Division. Broadly:
Category 1
There are no charges to the investor apart from actuals like brokerage commission and other statutory charges on transactions.
Category 2
- Custodial services fees.
- Transaction charges.
Category 3
Bank commissions are payable.
All charges under Category 2 are subject to VAT and payable in advance. Statutory fees, duties and taxes are charged at actuals.
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| How do I Sign-up? |
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- Meet a representative of I&M Bank’s Investment Management Services (by appointment only) who will discuss and understand your requirements and advise you on the most appropriate service category.
- Sign a ready Services Agreement with I&M Bank’s Investment Management Services.
- Open an IMS transaction account with I&M Bank for deposit and transfer of funds.
Value Added Services
- Interest bearing Investor’s IMS transaction accounts as per a tiered rate structure to give you additional earning on float funds.
- Early value date credit of Banker’s Cheques and Investment Bank’s cheques to facilitate trading funds transfer.
- Use of I&M Bank Credit Cards for share purchases.
- Eligibility for Loan Facilities against Investors’ assets.
- Professional advise and guidance on operational issues related to:
- Share Trading.
- Loan Facilities against shares.
- IPO/SPO/Rights Issue subscription loans.
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| Who do I contact? |
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Investment Management Services Division,
Investments & Mortgages Bank Limited,
3rd Floor, I&M Bank Tower,
Kenyatta Avenue,
P. O. Box 30238, GPO 00100 Nairobi, KENYA
Tel: +254 20 3221200/246552 or our
CALL CENTRE at 3221000
Fax: 254 20 2211160/2212947/2216732
Email: invest@imbank.co.ke
Website: www.imbank.com
Note: I&M Bank (Investments & Mortgages Bank Ltd.) is a Commercial Bank under the Central Bank of Kenya and is a holder of an Authorized Depository License issued by the Capital Markets Authority of Kenya and is a CDSC Authorized Central Depository Agent.
CALL US ON TEL. 020 3221200
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