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 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 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) ...
A custodian bank holds securities on behalf of an institutional investors.
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.
Depositary Receipts Evidence of the deposit of a security with a custodian bank. American Depositary Receipts (ADRs), for example, are certificates traded in U.S. markets representing an interest of a foreign company.
Custodian bank Â- Depository bank
Export credit agency
Investment bank Â- Industrial bank
Merchant bank Â- Mutual savings bank
National bank Â- Offshore bank
Postal savings system
Private bank Â- Retail Bank
Savings and loan association ...
When shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name , the real owner is the beneficial owner, even though, for safety or convenience, the bank or broker holds title.
Agent intermediaries: Agent Intermediaries are institutions that facilitate the lending and borrowing of securities. These institutions may include custodian banks, broker-dealers, and/or prime brokers.
? Mentioned in
Automated Customer Account Transfer Service - ACATS
Collateral Trust Bond
Custodian bank ...
Plan completion life insurance: Insurance with an optional feature stipulating that if the planholder dies before completing the contract, a life insurance policy will complete the purchase. The insurance proceeds are paid to the custodian bank ...
 See also: Custodian, Banks, Depository Trust Company, Expense, Bills
  
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