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 ?
"As far as CBI is concerned why should I (P Chidambaram) be sent to judicial custody? They've asked all questions.
However, police officials did not confirm that Janbaz has been taken into custody.
Mr Keane said: "A huge amount of work has been carried out by Cheshire Constabulary to make improvements to all of the custody suites in Cheshire.
He assured that police operational procedures on custody or detention of criminal offenders are 'governed by specific rules for admission, segregation, visitation, transfer of custody and release.'
It means the volunteers are providing an excellent standard of custody visiting and volunteer management.
Since its roll-out, thousands of visits have been made to custody suites across the whole of the force area.
'It is an absolute lie that my son was detained by police in Delhi on 21st March when the fact is that he is in their custody since 15th February.
"Angela and I are both actively co-parenting and there are no pending or active custody cases," Kardashian (https://twitter.com/BLACCHYNA/status/1100449265124405248) wrote.
The decision is rightful so Hossu remains in custody, the spokesperson added.The Bratislava District court decided on the continuation of custody on December 19 and also set the date of the next court session to January 28.On May 26, 2018 Juraj Hossu attacked a Filipino citizen living in Bratislava, Henry Acorda, who was trying to stop him from harassing two women at Obchodnaacute street in downtown Bratislava.
'The (DSWD) has no authority or lawful basis to retain the children in its custody, let alone, to deprive the petitioners, who are the parents and guardians, of their custody and care,' Aquino said in his order after conducting a closed-door hearing of the case yesterday morning.
Having held a hearing to rule on the motion filed by the Prosecutor's Office of Bosnia and Herzegovina to order custody of suspect DuA!an Spasojevic, the Court of Bosnia and Herzegovina partly granted the motion, and on 20 November 2018, issued a decision ordering the suspect DuA!an Spasojevic into custody, which may last for a maximum of one month, running from the day of arrest, which means until 19 December 2018 or pending a new decision by the Court.
A WATCHDOG inspection of Merseyside Police's custody suites has revealed what it is like to be held by officers.