custody

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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 ?
We need more women in the custodial corps to make it a modern and professional service," said Ms.
The detainees are in favor on the way Superintendent Malana manages the Custodial Center," the statement, handwritten and in Filipino, read.
Samantha Anne Evans, 25, of Meldon Close, Croxteth 1x PTCOJ - 12-month custodial.
said: "The Prison Reform Trust is incredibly pleased that the number of custodial sentences has dropped so much because we believe that imprisonment should be reserved for children who have committed serious violent crimes.
Alternatively, an irrevocable assignment by the custodial parent of the child support to the special needs trust may also work.
Of the 3,740 under-18s deprived of their liberty in 2006-7, youth offending specialists recommended custodial sentences in only 1,077 cases - 29% of the total.
Can anyone show as an example any country that has no record of custodial or judicial deaths?
03 billion in cash assistance (Temporary Assistance for Needy Families), food stamps and Medicaid services for custodial families in the state's child support system.
The commitment of departments to effectuate change in their investigative practices related to the electronic recording of custodial interrogations will allow them to reap the benefits of an established, effective, and reliable police practice while avoiding a potentially chaotic transition if mandated to do so in the future.
Depending on their size, custodial accounts may have income tax implications.
as the son was in a custodial setting and unable to have access to the child.
In each of these cases, teachers believed that a tightly controlled, or custodial, learning environment was appropriate.