Custodian
A custodian bank holds securities on behalf of an institutional investors.
Custodian
The organization (usually a bank) that keeps custody of securities and other assets of a mutual fund for purposes of safekeeping. The bank may collect income and do simple reporting on the value of the assets.
Custodians are typically used by institutional investors who do not wish to leave securities on deposit with their broker-dealers or investment managers. By separating duties, use of custodians reduces the risk of fraud.
custodian
A financial institution that is responsible for looking after the assets of a mutual fund, institutional investor or individual financial advisor.
custodian
corporate agent , usually a commercial bank, that holds securities under a written agreement for a corporate client and buys or sells securities when instructed.
Deposit/Withdrawal at Custodian - DWAC
Definition 1.
The automated system for deposits and withdrawals of securities from the Depository Trust Company (DTC).
Custodian: A person or institution that safeguards and accounts for the property of an individual. If a security is registered to a custodian, only the custodian has the power to sell and assign the security.
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Custodian/Guardian:
A person legally responsible for overseeing the care and affairs of a minor or an incompetent person. Another term used in this situation is Guardian.
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Custodian. A bank, financial institution or other entity that has the responsibility to manage or administer the custody or other safekeeping of assets for other persons or institutions.
Custodian Bank
Bank assigned by a mutual fund to act as its custodian. The bank performs clerical functions and holds the fund's cash and securities.
See: Custodian; Mutual Fund ...
Custodian
The bank or trust company that maintains a retirement plan's assets, including its portfolio of securities or some record of them. Provides safekeeping of securities, but has no role in portfolio management.
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Custodian Services
This is a service whereby a person or entity agrees to hold and manage assets on behalf of another person or entity.
Custodian: An entity who is appointed to look after your investments in a wrap account and is paid a custodial service fee.
Custodian: A financial institution, usually a bank or trust company, that holds a mutual fund's securities and cash in safekeeping.
Custodian
Person or institution entrusted with the safekeeping of a client's securities.
Cyclicals
Cyclical stocks rise and fall in step with the economic cycle.
Custodian - A bank, trust, or other financial institution that holds a mutual fund's securities and cash in safekeeping.
Cybervestor - A person who invests using the Internet.
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Custodian
Bank or other financial institution that keeps custody of stock certificates and other assets of a fund, individual, or corporate client.
Cyclical Stocks ...
CUSTODIAN: Person or institution that holds the assets of another; a bank that serves as a depository for the assets of a mutual fund, corporation, or individual; ...
Custodian
A custodian holds the physical assets of a mutual fund, mainly in the form of investment securities and guards them against physical loss.
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CUSTODIAN BANK " The bank designated by a mutual fund to act as its custodian. The custodian bank hold the cash and securities of the fund and usually provides clerical functions. It does not perform any management function.
custodian One who has possession or is in charge of something. Some entities entrust investment securities to a bank, which is custodian of the company's securities.
custody Possession.
Custodian Someone who maintains assets for the benefit of another person. In the case of a minor, a custodian protects, manages and maintains assets until the individual reaches majority age, at which time the assets are turned over to him or her.
custodian: An adult responsible for managing a custodial account.
cyclical stocks: Also called cyclicals, stocks that generally move with the ups and downs of the overall economy.
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Custodian
The person or institution responsible for protecting the property of another.
Customer (Account) Statement ...
Custodian An organization which maintains and safeguards an individual's, mutual fund's, or investment company's assets for them.
Custodian fee:- This fee is charged monthly and depends on the number of securities (international securities identification numbers - ISIN) held in the account. It generally ranges between Rs.0.5 to Rs.1 per ISIN per month.
Custodian: The person appointed by the donor to manage a minor's account. Might be the donor, a guardian, or some other adult or institution such as a bank.
Custodian
An organisation which safeguards and maintains assets (eg. cash, securities) on behalf of other people.
Custodian
A custodian is legally responsible for ensuring that an item or person is safe and secure.
Custodian - Person or institution acting under authority to direct the investment activities of another party's account; often done in connection with accounts held for the benefit of minors or persons unable to manage their own investments.
Custodian - An entity entrusted with guarding and keeping property or records.
Customers - Individuals who buy goods and services supplied by businesses.
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) ...
CARD CUSTODIAN - An individual, designated by the agency program administrator, to administer and control the use of department purchase cards by authorized designated card users within the card custodian’s workgroup.
Custodian
Either (1) a bank, agent, trust company, or other organization responsible for safeguarding financial assets, or (2) the individual who oversees the mutual fund assets of a minor's custodial account.
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Custodian
The keeper of a fund's securities and other assets.
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Custodian controls the investment until account transfers to the child (minor) at the age of termination (usually 18 or 21)
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Cannot be transferred to another child (beneficiary) ...
Custodian
A custodian is an organization, such as a bank, brokerage firm, or mutual fund company, that's responsible for the assets of a 401(k) plan, mutual fund, or IRA.
A bank custodian is responsible for maintaining the safety of clients' assets held at one of the custodian's premises, a sub-custodian facility or an outside depository.
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A petty cash custodian should be designated to have responsibility for safeguarding and making payments from this fund. At the time the fund is established, the following journal entry is needed.
Mutual fund custodian
A commercial bank or trust company that holds securities owned by a mutual fund and sometimes acts as transfer agent for the mutual fund.
Party in interest An ERISA-specified individual"such as an administrator, officer, fiduciary, trustee, custodian, or counsel"who is prohibited from making certain transactions involving a retirement plan.
When a stock is sold short, the seller borrows stock from an owner or custodian and delivers it to the buyer. The proceeds are delivered to the lender.
self-directed retirement account A type of retirement account in which an investor designates an account custodian,... self-employed A classification of employment in which an individual who operates a business...
Custodian Financial institution -- usually a bank -- that keeps custody of stock certificates and other assets of a mutual fund, individual or corporate client.
and by certain bank custodians. On Used in the context of general equities. Conjunction that denotes trade execution /indication, usually during a pre-opening look. "Looks 6 on 6000 shares at opening." See: for/at.
Self-directed IRA An IRA that the account holder can after appointing a custodian manager to carry out investment instructions. Self-employed income Taxable income of a person involved in a sole proprietorship or other sort of free-lance work.
Direct rollover Movement of tax-deferred retirement plan money from one qualified plan or custodian to another. No immediate tax liabilities or penalties are incurred, but there is an IRS reporting requirement.
Custodian - A bank, trust company or other company responsible for safeguarding financial assets.
The donor appoints a custodian to manage the property that must be turned over to the minor after the age specified in the UGMA law of the state in which the gift was made.
A writ of habeas corpus is a summons with the force of a court order, addressed to the custodian (a prison official for example) demanding that a prisoner be taken before the court, and that the custodian present proof of authority, ...
The shares, however, rest with the local custodian bank. The GDR which is issued by the ODB may trade freely in the security markets overseas; e.g.
A security that is registered in the books of the owner or custodian under the name of the owner. Securities are now commonly registered but...(Read more)
Registered Representative ...
The custodian may purchase, redeem, receive gift deliveries, and perform other transactions within the account on behalf of the minor.
Although household savers are one of the most important sources of funds for investment, negative news about a financial institution that acts as a custodian of their savings can cause panic and a rush on banks or building societies to withdraw their ...
The shifting of funds from one IRA trustee/custodian directly to another trustee/custodian is called a transfer. It is not considered a rollover because nothing was paid over to you.
When the fund gets low the custodian submits the vouchers for reimbursement. Assuming the vouchers add up to $80 and that the majority of expenditures were for office supplies, an $80 check is issued and an $80 debit towards office expenses is marked.
If an asset is fungible, this means that when such an asset is lent, or placed with a custodian, ...
Uniform Transfer to Minors Act: An act that sets forth provisions for giving a minor an intangible gift (e.g., bank accounts, stocks or bonds) that results in income shifting with an adult serving as custodian.
See also: Agent, Beneficial Owner, Beneficiary, Commercial Bank, Custodian, Estate, Fiduciary, Transfer Agent, Trust, Trustee
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Automated Customer Account Transfer Service - ACATS
Collateral Trust Bond
Custodian bank ...
The Act requires a custodian of the assets which is usually a parent but may be an independent trustee. It must be one person.
 See also: Expense, Banks, Saving, Values, Offer price
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