custody


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Related to custody: Child custody

Custody

A service in which a brokerage or other financial institution holds securities on behalf of the client. This reduces the risk of the client losing his/her assets or having them stolen. They are also available to the brokerage to sell at the client's demand. Like a bank, custody provides an investor a place to store assets with little risk. Unlike a bank, custodians are not allowed to use the items in safekeeping for their own ends. Assets in custody are not fungible for the brokerage because they remain on the client's name. For this reason, these institutions normally charge custodial fees for safekeeping services.

custody

A safekeeping service that a financial institution provides for a customer's securities. For a fee, the institution collects dividends, interest, and proceeds from security sales and disburses funds according to the customer's written instructions.
References in periodicals archive ?
Late last year, a Los Angeles judge returned Tiffany to the custody of her mother, court records show.
The 10 custody units have been inspected by volunteers to check on the welfare of the people held in custody and the conditions they are kept in.
In multiple logistic regression analysis, they found the factors that mitigated against the mother's sole custody were history of psychiatric hospitalizations (odds ratio, 0.
Whatever the method, capacity has to be defined numerically by custody level.
The inspector in charge of custody and the custody sergeant and staff have been helpful and quick to rectify any faults.
Standard Bank, which had already developed a global custody offering to service offshore funds registered in Mauritius, now offers custody services to 11 sub-Saharan markets.
The Newsweek story has an equally problematic poster girl in Genia Schockome, a New York woman whose ex-husband, Timothy, received sole custody of their children after a six-year battle.
The YCJA introduced a number of new community sentences, including a deferred custody and supervision order and a community portion of a custody and supervision order.
The court said Anurag's custody would enable the probe agency to get the encrypted data analysed and further interrogate him to unearth the entire conspiracy and also ascertain the involvement of the other people in the case.
Staffordshire's Independent Custody Visitors (ICVs) published more than 20 live updates on their new Twitter account @CustodyVisitors.
Reducing injuries in custody: Learn how modernising facilities and building risk assessed sites can reduce injuries in custody
Rangers spokesman said Tariq Mehboob was taken into custody a few days earlier during a raid for his alleged involvement in criminal activities.