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Custodian Bank
(redirected from Custodian Banks)

   Also found in: Wikipedia 0.01 sec.
Custodian bank
Applies mainly to international equities. Bank or other financial institution that keeps custody of stock certificates and other assets of a mutual fund, individual, or corporate client. See: Depository Trust Company (DTC)

Custodian Bank
A bank that holds and manages a client's securities or other assets on his/her behalf. For example, the bank may hold stock certificates for the client. This reduces the risk of the client losing his/her assets or having them stolen. A custodian bank provides an investor a place to store assets with little risk. Custodian banks normally require a fee for this service. See also: Safekeeping.


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Published for the 20th consecutive year, the Global Custodian survey of clients of global custodian banks ranked 10 providers worldwide based on 665 authenticated responses from institutional investors and fund managers.
31, 2010 (CENS) -- To support the effort of the Central Bank of China (CBC) in stabilizing the financial market, the Financial Supervisory Commission (FSC) has organized a task force dedicated to fighting forex speculation, which will start inspecting foreign-fund custodian banks from today (Dec.
Passing the legislation would result in the creation of such tools as custodian banks and mutual funds, allow online trading and let the bourse handle initial public offerings, Abdulsalam said.
 
 
 
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