custodian bank

Most foreign exchange banks also do custodian bank and standing proxy operations.

The following companies offer custodian bank services:

The fund maintains a separate computer system, and its documents are kept under lock and key or stored with the fund's custodian bank, he said.

Omgeo is a central information management and processing hub for broker-dealers, investment managers, and custodian banks.

Bankers say that in almost every known case, custodian banks have bailed out clients when their securities lending investments have soured.

Members include asset managers, custodian banks, transfer agents, audit firms, broker-dealers, consulting firms and technology firms.

This bank acts as custodian bank for the company that issues the ADRs in the U.S stock.

Potential members of Taurus include the listed companies affected by the scheme, registrars, private client brokers, retail brokers, custodian banks, institutional investors, and money brokers.

Clearstream does not hold a monopoly in this market: Euroclear, owned by the market, and custodian banks (Bank of New York-Mellon.

Items 11 and 12 explore the most desirable way of organising securities trading settlement services and the relationship between the central securities depositories and the custodian banks.

A custodian bank as a standing proxy opens accounts at foreign exchange banks and futures companies, deposits and withdrawals investors' money and monitors investors' properties for them.

State Street Bank provides securities services to institutional investors as a custodian bank and SSgA provides investment management services to mutual funds and other asset managers.

The distinguishing feature of a tri-party repo is that a custodian bank or international clearing organization, the tri-party agent, acts as an intermediary between the two parties to the repo.

An alternative form is to use a custodian bank or trust company to hold the underlying security and a transfer agent/registrar to track ownership in the strip bonds and to administer the program.

Some hedge funds, mainly American, do not use third parties either as the custodian bank of their assets or as their administrator (who will calculate the Net asset value of the fund).

Managers of funds often choose to outsource some or all of these activities to external specialist companies such as a fund's custodian bank; these companies are often known as fund administrators.

These ADSs confer full rights of ownership (including dividends, voting rights) to these underlying shares, which are held on deposit by a custodian bank in the company's home country or territory.

It is structured (or schemed) as a regulated Luxembourg Fonds with RBC Dexia Investor Services Bank as a custodian bank.

On February 5, 2007, State Street announced the nearly $4.5 billion acquisition of Investors Financial Services, parent of principal subsidiary custodian bank Investors Bank & Trust.

The executing venue, prime brokers, custodian banks, fund administrators, transfer agents and audit share files electronically and try to automate such processes, raising potential risks related to data management and valuations.

This can be asset managers, who have many securities under management, custodian banks holding securities for third parties or third party lenders who access securities automatically via the asset holder's custodian.

The KAG founds the special assets, is in charge of the fund accounting, chooses the custodian bank for storing and valuing the assets and completes the necessary administrative procedures with public authorities.

Eligible fund service providers include but are not limited to companies such as custodian banks, fund administrators and managers, transfer agents, distributors, legal firms, consultants, tax offices, auditors and accountants, IT providers and communication companies.

True, a custodian bank could also happen to be a retirement account administrator/"custodian", though a commercial bank could also be such a "custodian" and not be a "custodian bank".

The editorial content of the magazine is now also supported by industry-standard surveys that address how the performance of custodian banks, fund administrators, prime brokers and tri-party securities financing providers compare with each other and within individual markets.