A flexible, effective agent
Acting as your agent, Bankers' Bank of Kansas will purchase or sell securities for you in the open market and provide safekeeping services for you and your customers. We emphasize efficiency, flexibility, and approaching the market from your perspective, believing solid communications and accuracy to be the foundation of customer service and support. With our competitive low fees and streamlined transaction process, making BBOK your safekeeping agent will save you time and money!
- Purchases and sales
We do the research, you reap the reward. BBOK does what it takes to find the best available price for you, contacting dealers and arranging transmission of your securities. For sales, we must possess the securities you wish for us to sell prior to the transaction. We can also enter your tender in the various treasury auctions as late as 10:00 a.m. on the day of the auction! Issued and held in safekeeping for you, these securities will be purchased via a charge to your account. In turn, for acknowledgement of the transaction, you will receive a transaction advice and safekeeping receipt. For even faster service, use our ABIL communications network to request purchases or sales and review your security transactions.
For more information on Safekeeping and Securities, contact Carol Elkins or Julie Lyman, at 1-800-999-5725.
- Safekeeping for you and your customers
By centralizing the purchase/sales process, we accelerate transaction time and minimize paperwork, making securities brokerage with BBOK your most cost-effective option. We will safekeep book-entry or definitive securities, issuing straight safekeeping receipts to your bank or joint custody receipts for you and a joint party. We receive any securities you purchase, either against payment or free, and issue a receipt per your instructions. We also provide safekeeping for your customers, issuing receipts to your bank for assignment to them and allowing you to maintain contact in the event of sale or maturity. We charge less in fees than most of our competitors, with no fee at all for the initial transfer of securities from another institution, and a monthly earnings credit usually offsets any costs incurred. Finally, BBOK also offers comprehensive analysis and reporting through a complete activity statement issued every quarter and the option of a reporting package for examinations.