Custodian bank

(redirected from Custodian Banks)
Also found in: Wikipedia.

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.
References in periodicals archive ?
RIMES welcomes asset managers, hedge funds, wealth managers, private banks, custodian banks, insurance companies and pension funds to participate in the conference and hear from its line-up of industry speakers and panelists.
On-board, store, maintain and secure 20+ years of historical and current investment transactions and portfolio holdings data from ASRS custodian banks.
The RIMES Data Governance Conference hosts investment managers, custodian banks, pension funds and insurance companies' executives.
By collaborating with CIC, Dukascopy Bank SA is expanding its list of Swiss custodian banks.
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.
European custodian banks are facing increased scrutiny by the European Commission following the Madoff scandal.
Depository institutions that typically carry substantial positive intraday balances at the Federal Reserve include custodian banks that hold securities and funds on behalf of institutional investors such as mutual funds.
We manage a large variety of in-house funds and third-party funds, both under UCITS and AIFM Directive, and investments ranging from purely financial vehicles to real-estate investments, and deposited with various custodian banks," said Alain Bastin, BMI's conducting officer and chief risk officer, in a statement.
aiCIO cover story examines alleged indiscretions at major custodian banks
ISO's standard for the exchange of messages in the financial world is increasingly smoothing out the risk of errors, with the Singapore Exchange (SGX) one of the latest financial institutions to mandate its usage by brokers, custodian banks and other stakeholders.
Published for the 21st consecutive year, the 2011 Global Custodian survey of clients of global custodian banks ranked providers worldwide on the basis of 672 authenticated responses from institutional investors (281) and fund managers (391).
A decrease in mergers among leading custodian banks compared to the previous year lead to organic growth as well.