46. Custody operations

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

As at 31 December 2020, the Custody Services Office conducted 430 securities accounts for the clients. The fair value of the financial instruments of the customers of the Custody Services Office for this date was PLN 24,995,965 thousand.

In the reporting period, securities in public trading and securities in material form as well as securities traded abroad were stored by the Group. 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, it 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.