Getting real in Brazil
Latin Trade, Oct, 2005
HSBC IN BRAZIL AND LATIN AMERICA

Operating in Brazil since 1997, HSBC is one of the largest international banks in the country with over 1600 branches. Servicing the breadth of personal, corporate and institutional client sectors, HSBC in Latin America now covers Argentina, Brazil, Chile, Mexico, Panama, Uruguay and Venezuela.

The HSBC Custody and Clearing (CNC) product is a recognized market leader in sub-custody services across the globe. With over US$560 billion under custody, HSBC has expanded its presence and product capability in Latin America. Leveraging the HSBC Group's footprint across Latin America, the CNC product now delivers top tier sub-custodial service in Argentina and Brazil, with plans for Mexico to be added in 2006.

SUB-CUSTODY IN BRAZIL
 

The CNC business is firmly established in Brazil, and HSBC's capabilities are in the process of being further enhanced with a highly experienced team of local experts, the latest version of its GHSS operating system and a global support infrastructure that is second to none.

With in-depth local expertise and market knowledge, HSBC's Securities Services team in Brazil now numbers 60 professionals, and the cross-border investment support team is hand-picked to bring a depth of expertise that makes HSBC the partner of choice for sub-custody in Brazil.

HSBC'S CREDENTIALS

Custody expertise

HSBC's team of custody professionals possess cross border investment expertise that exceeds an average of seven years each in the Brazilian market, a critical factor in achieving the highest levels of servicing performance in securities services.

HSBC's history of close partnership with the Brazilian regulators, market bodies and market participants, provides for comprehensive investor representation in the local market.

Systems

With the most recent version of the GHSS operating system in Brazil, HSBC has system functionality developed across the needs of 34 markets but complemented by highly efficient interfaces to local market systems. HSBC's SWIFT and HSBCnet instruction and reporting capabilities provide clients with real-time access to their investment positions.

Global best practice

HSBC's Brazilian team leverages the global product development and support model that drives its capabilities across 34 markets in its award winning Custody and Clearing network, ensuring that best practices are consistently applied to achieve the highest standards of securities servicing.

FX credentials

HSBC Bank Brasil S.A., a leading bank in foreign exchange execution, has daily turnover for client related foreign exchange exceeding US$150 million per day. HSBC offers advanced FX services to a range of cross border investment entities and provides these either in an integrated manner with sub-custody services or on a standalone basis.

Industry expertise

HSBC has provided sub-custody and clearing services to leading institutions for over 50 years, underpinned by a reputation for exceptional client service. HSBC has been voted the Best Sub-Custodian for the past 6 years, and the Best Regional Custodian every year since 2000, by leading industry journals. We are now extending these service levels to Latin America and are committed to making HSBC Brazil's top sub-custodian.

Drawing on global experience and local expertise, the latest systems and access to the best practices from around the world, HSBC's Custody and Clearing is unquestionably Getting Real in Brazil.