Banco Inversis, S.A.U. is the global subcustodian of Banco Inversis, S.A.U. Luxembourg Branch.

Banco Inversis, S.A.U. is a fully licensed bank with registered address in Spain and under the supervision of the Bank of Spain and the Spanish Securities Exchange Commission (“Comisión Nacional del Mercado de Valores”). Banco Inversis, S.A.U. is a fully owned subsidiary of Banca March S.A., a private bank with a rating CET 1 of 21.26%.

Upon the provision of its custodial services to Banco Inversis, S.A.U. Luxembourgh Branch, Banco Inversis, S.A.U. is providing such services directly on its behalf in the Spanish markets as a direct participant. With regards other jurisdictions, Banco Inversis, S.A.U. is working with the following network of a highly reputed subcustodians:
 

CITIGROUP

In terms of solvency, Citibank had a CET1 ratio of 13.0% at 31 December 2022.

Citigroup's updated rating table is attached. Details of the rating for each jurisdiction are provided in Appendix I.

Source: Citigroup Annual Report 2022.

Citigroup Local Custody Rating:

Rating as of : January 16, 2024.

Citigroup Global Custody Rating: