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FINANCIAL MARKET COURSES

Role of a Custodian

The provision of custody services – basically the ability to gather assets from clients, hold them in safekeeping, and service them – is essential to the proper functioning of financial markets today. The custody business can trace its origins to the days when securities and other assets existed only in paper or certificate form and investors needed a safe place to hold these certificates. As the investment industry grew and became more sophisticated, so too did the custody business.

 

This course proves an overview of the role of custodians in modern-day financial markets. It explains the different aspects and dimensions of the custodial business, describes some of the basic tools used by custodians, and describes the key services they provide to their clients.

  • OBJECTIVES

    On completion of this course, you will be able to:

    Explain the fundamental business of custodians and differentiate between the different types of custodian

    Describe some of the basic tools used by custodians in their business

    Understand the key role of custodians in relation to safekeeping, possession, and control of assets

    Outline some of the ancillary services provided by custodians

  • COURSE OUTLINE

    Topic 1: The Custodian as a Business

    What is A Custodian?

    Custodian or Clearing House?

    Different Dimensions

    Key Tasks

    Who is the Custodian?

    Topic 2: Custodian Database

    Acquiring Client Information

    Client Master Database

    Asset/Security Master Database

    Topic 3: Safekeeping, Possession, & Control

    Registration of Assets/Securities

    o Beneficial Owner (Actual) Vs Nominee Name

    Possession & Control

    o Handling Loan Transactions & Collateralization

    o Restrictions

    Topic 4: Ancillary Services

    Income Distributions

    Mergers, Acquisitions, and Other Actions

    Reporting Requirements

    Regulatory Requirements

  • PREREQUISITE KNOWLEDGE

  • ESTIMATED COMPLETED TIME

    60 Minutes

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