Settlement
Since inception, Exotix has traded and settled in the name of ICAP Securities Limited and this relationship is governed by a Clearing Agreement between the two firms.
Exotix liaises with ICAP Securities through a middle office.
Contact details are as follows:
Exotix
Robert Elliott
Tel: +971 4 447 9201
Danny Reynolds
Operations Associate
Email: danny.reynolds@exotix.co.uk
Tel: +971 4 447 9204
ICAP Securities Limited
Mark Vaughan
Email: Mark.vaughan@icap.com
Tel: +44 (0) 207 000 5422
Settlement details for bonds
Euroclear settlements:
Account 92436 for standard bond settlement
Account 22490 for settlement of Nigeria and Venezuela oil rights
Account 12849 for settlement when nominal is in a different currency from cash settlement (excluding Eurozone pre-Euro currencies)
DTC Settlements
Account 148
ICAP Securities Limited BIC code: GBSLGB2L
Settlements details for loans
Loans are generally settled with Standard Bank Plc. Documentation is usually EMTA/LMA standard terms
Exotix can also arrange settlement of other fixed income assets such as Trade Paper and Commercial Paper