Custodian bank

(redirected from Custodian Banks)

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 ?
It serves over 300 investment managers, pension funds, hedge funds, wealth managers, private banks, custodian banks and insurance companies in 40 countries including 60 of the 100 largest global asset managers and 9 of the 10 largest custodians by TAUM.
The award, which AxiomSL won for the second consecutive year, was given for a wide-ranging prudential reporting project with one of the worlds largest custodian banks.
The apex bank said, 'In addition to recently licensed differentiated banks such as payments banks and small finance banks, the Reserve Bank will explore the possibilities of licensing other differentiated banks such as custodian banks and banks concentrating on whole-sale and long-term financing.
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.
The model facilitates communication between investment managers and their custodian banks.
In accordance with the terms of the exchange offer made by HLDCO123 PLC to the shareholders of DBAG on 1 June 2016, HLDCO123 PLC will publish the termination of the exchange offer and will instruct the custodian banks of the DBAG shareholders who have accepted the exchange offer to unwind (rckabwickeln) the exchange offer by re-booking the tendered DBAG shares.
European custodian banks are facing increased scrutiny by the European Commission following the Madoff scandal.
On-board, store, maintain and secure 20+ years of historical and current investment transactions and portfolio holdings data from ASRS custodian banks.
Omgeo plays an increasingly critical role in the global securities industry as a central information and processing hub for broker/dealers, investment managers and custodian banks, helping to confirm institutional trade terms.
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.
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.