
Chapter 6
Custody services
I
n this chapter we will look at the role of custodians and the services
they provide to their clients. With sophisticated computer systems
and a worldwide network of sub-custodians, global custodians are in
a position to deliver a growing portfolio of services to their clients.
Referred to by global custodians as either core services or value-added
services, the range offered includes:
䊏 The safekeeping of securities
䊏 The maintenance of multi-currency securities and funds
accounts
䊏 The settlement of securities trades in domestic and foreign
markets, on a free of payment or delivery versus against payment
basis
䊏 The collection ...