Opinions on Custodian bank

Here you have a list of opinions about Custodian bank and you can also give us your opinion about it.
You will see other people's opinions about Custodian bank and you will find out what the others say about it.
Also, you will see opinions about other terms. Do not forget to leave your opinion about this topic and others related.

A custodian bank, or simply custodian, is a specialized financial institution responsible for safeguarding a firm's or individual's financial assets and is not necessarily engaged in "traditional" commercial or consumer/retail banking such as mortgage or personal lending, branch banking, personal accounts, ATMs and so forth. The role of a custodian in such a case would be to:

  • hold in safekeeping assets/securities such as stocks, bonds, commodities such as precious metals and currency (cash), domestic and foreign
  • arrange settlement of any purchases and sales and deliveries in/out of such securities and currency
  • collect information on and income from such assets (dividends in the case of stocks/equities and coupons (interest payments) in the case of bonds) and administer related tax withholding documents and foreign tax reclamation
  • administer voluntary and involuntary corporate actions on securities held such as stock dividends, splits, business combinations (mergers), tender offers, bond calls, etc.
  • provide information on the securities and their issuers such as annual general meetings and related proxies
  • maintain currency/cash bank accounts, effect deposits and withdrawals and manage other cash transactions
  • perform foreign exchange transactions
  • often perform additional services for particular clients such as mutual funds; examples include fund accounting, administration, legal, compliance and tax support services

Custodian banks are often referred to as global custodians if they safekeep assets for their clients in multiple jurisdictions around the world, using their own local branches or other local custodian banks with which they contract to be in their "global network" in each market to hold accounts for their respective clients. Assets held in such a manner are typically owned by larger institutional firms with a considerable amount of investments such as banks, insurance companies, mutual funds, hedge funds and pension funds.

In the image below, you can see a graph with the evolution of the times that people look for Custodian bank. And below it, you can see how many pieces of news have been created about Custodian bank in the last years.
Thanks to this graph, we can see the interest Custodian bank has and the evolution of its popularity.

What do you think of Custodian bank?

You can leave your opinion about Custodian bank here as well as read the comments and opinions from other people about the topic.
It's important that all of us leave our opinions about Custodian bank to have a better knowledge about it: