44. Custody operations

The Group conducts custody operations consisting in maintaining assets or client transactions clearing.These assets have not been disclosed in the financial statements as they do not belong to the Group.

As at 31 December 2019, the Custody Services Office conducted 491 securities accounts for the clients. The fair value of the financial instruments of the customers of the Custody Services Office for this day was PLN 23,335,821 thousand.

In the reporting period, securities in public trading and securities in material form as well as securities traded abroad were stored. As part of providing custody services to the clients, the Group cooperated with several brokerage offices. The Group acts as a depository for clients and in the case of derivative rights is a representative of an entity that is not a participant of the National Depository for Securities and, at the same time, is a clearing participant.