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What is a custodian explain?

A custodian bank is a financial institution that holds customers securities for safekeeping to prevent them from being stolen or lost. The custodian may hold stocks, bonds, or other assets in electronic or physical form on behalf of its customers. Often, a custodian bank does more than provide asset protection.

What is the role of a custodian?

What are the duties and responsibilities of a Custodian? Custodians keep the building and grounds clean and neat, in a safe manner that meets company standards. They use cleaning chemicals to maintain equipment and other supplies while dusting, vacuuming, mopping and cleaning restrooms.

What is the role of the custodian in the trade process?

The custodian may play a number of different roles in trade processing. Custodians may operate in a single or dual capacity, provide custodial services only, execute and clear trades, or act as clearing parties.

What is the meaning of custodian bank?

A bank custodian has physical possession of its clients financial assets. These could include cash, stock certificates, bonds, and other financial instruments. A bank custodian is responsible for safeguarding these types of assets.

What is custodian with example?

A fund manager who is responsible for investing money and assets belonging to investors is an example of a custodian. A janitor at a school who cleans the school and performs maintenance work is an example of a custodian. noun.

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