BRAC EPL STOCK BROKERAGE LTD. /a>




NRB

BRAC EPL will provide Non-Resident Bangladeshi's (NRB) the option to subscribe for IPO and trading shares in the secondary market through BRAC Bank/HSBS.
Features
The features of the product will be as follows:
NRBs can invest into the Bangladeshi Capital Market from anywhere in the world
Custodian Service will be provided by HSBS/BRAC Bank
100% repatriation of capital, dividend and investment profits
NRBs can apply for IPOs as well as buy and sell shares in the Secondary. They can use e-mail, fax or phone to issue trade orders to BRAC Bank Limited
Who are eligible?
All Bangladeshi nationals (Bangladeshi passport holders) who are working/living abroad can open NITA. Foreign passport holders who are originally from Bangladesh are also eligible to open an account.
Required documents - for new customers
The following documents will be required while opening an account:
Completed BO account form
Completed BO account nominee form
Completed Trade account opening form (provided by securities company)
Power of Attorney
Tripartite Agreement
Completed NITA account form
Custodian Agreement
A certified copy of the valid passport, valid visa
Four passport size photographs of the applicant
Proof of address (utility bill/bank statement copy etc.)
Proof of income (such as last tax return/employment certificate/contract/recent pay slip)
Completed application form and duly signed signature card
Three copies of passport size photos of the nominee which must be attested on the back by the primary account holder
All the above documents must be in English (if the documents are in other language it has to be translated to English) and also need to be verified and attested by any reputed international bank/Bangladesh High Commission or Consulate General's Office.
If customer provides the Power of attorney (POA) from abroad, POA has to be notarized by Notary Public and then attested by the Bangladesh High Commission or Consulate General's Office.
If customer physically comes to the branches, then customer will provide the POA on Non-judicial Stamp (worth of BDT150.00).
Fees and Charges
CDBL and Other Charges
Custodian Fee: CDBL will charge BDT300.00 + (15% VAT) per annum for maintaining BO account.
Brokerage Commission:@ 0.40% per transaction.
Other Charges
Respective bank will charge according to their charge schedule for providing custodial, NITA, Trade settlement and other services.
How to Get Started?
In order to avail the Share dealing and custodial services, we will require you to fill out and sign the following:
With BRAC EPL
01. BO Account opening Form - To hold shares that will be purchased
02. BO Account nomination Form - To nominate up to two people to receive any outstanding shares in the event of death.
With HSBC/BRAC Bank
03. FC Account opening Form (only if you do not already have one) - To remit foreign currency into your account and enjoy NRB quotas while applying for IPOs.
04. NITA (Non-Resident Investor's Taka Account) opening Form - To make financial transactions for purchase and sale of shares in the secondary stock market (that is in Dhaka Stock Exchange).
05. Customer Information Form - To conduct actual trading of shares in the share market.
06. Custodian Agreement - To authorize HSBC/BRAC Bank Limited as the custodian of your shares.
07. NITA Securities Accounts Services Agreement - To authorize HSBC/BRAC Bank Limited to carry out your share trading orders and settle all transactions that are required to close deals.
For more Information
BRAC EPL
Md. Nazmul Hasan Chowdhury
Unit Head, Institutional Sales
Phone: + 88 02 8819421-5 Ext - 201
Fax : + 88 02 8819426
Mobile: + 88 01755658999
E-mail: nazmul.hasan@bracepl.com
OR
BRAC BANK
24 hour Phone Banking: 01819 230000 or e-mail us at probashi@bracbank.com
OR
HSBC
HSBC Bangladesh has a dedicated relationship team for the NRBs. You can contact the NRB support desk at HSBC in Bangladesh, or in UAE.
Toll free number for UAE: 800 NRBD (6723) - For NRBs in Dubai only
NRB relationship team in UAE at the IBC, HSBC Bank Middle east Limited: +971 56 6030961, +971 56 6031695
NRB relationship team in Bangladesh: +88 02 9660536-43 Ext 940, 966, 129, 141, 142
Call center: +88 01190 PROBAS (776277)
Please write to nrb@hsbc.com.bd