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- Custodian_bank abstract "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 engaged in "traditional" commercial or consumer/retail banking such as mortgage or personal lending, branch banking, personal accounts, automated teller machines (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 foreignarrange settlement of any purchases and sales and deliveries in/out of such securities and currencycollect 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 reclamationadminister voluntary and involuntary corporate actions on securities held such as stock dividends, stock splits, business combinations (mergers), tender offers, bond calls, etc.provide information on the securities and their issuers such as annual general meetings and related proxiesmaintain currency/cash bank accounts, effect deposits and withdrawals and manage other cash transactionsperform foreign exchange transactionsoften perform additional services for particular clients such as mutual funds; examples include fund accounting, administration, legal, compliance and tax support servicesUsing US definitions, a person who owns street name securities and who is not a member of an exchange, holds the securities through a registration chain which involves one or more custodians. This is due to the perceived impracticality of registering traded securities in the name of each individual holder; instead, the custodian or custodians are registered as the holders and hold the securities in a fiduciary arrangement for the ultimate security holders. However, the ultimate security holders are still the legal owners of the securities. They are not merely beneficiaries of the custodian as a trustee. The custodian does not become at any point the owner of the securities, but is only a part of the registration chain linking the owners to the securities.Global securities safekeeping practices vary substantially with markets such as the UK, Australia and South Africa encouraging designated securities accounts in order to permit shareholder identification by companies.The definition of "shareholder" is generally upheld by corporate law rather than securities law. One role of custodians (which may or may not be enforced by securities regulation) is to facilitate the exercise of share ownership rights, for example and processing dividends and other payments, corporate actions, the proceeds of a stock split or a reverse stock split, the ability to vote in the company's annual general meeting (AGM), information and reports sent from the company and so forth. The extent to which such services are offered are a function of the client agreement together with relevant market rules, regulations and laws.Custodian banks are often referred to as global custodians if they safe keep assets for their clients in multiple jurisdictions around the world, using their own local branches or other local custodian banks ("sub-custodian" or "agent 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.By far, the 4 largest custodian banks in the world are:The Bank of New York MellonJPMorgan ChaseState Street Bank and Trust CompanyCitigroup".
- Custodian_bank wikiPageID "2890310".
- Custodian_bank wikiPageLength "9973".
- Custodian_bank wikiPageOutDegree "96".
- Custodian_bank wikiPageRevisionID "681296889".
- Custodian_bank wikiPageWikiLink Alternative_investment.
- Custodian_bank wikiPageWikiLink Alternative_investments.
- Custodian_bank wikiPageWikiLink American_depositary_receipt.
- Custodian_bank wikiPageWikiLink Annual_general_meeting.
- Custodian_bank wikiPageWikiLink Automated_teller_machine.
- Custodian_bank wikiPageWikiLink BBVA_Compass.
- Custodian_bank wikiPageWikiLink BDO_Unibank.
- Custodian_bank wikiPageWikiLink BNP_Paribas.
- Custodian_bank wikiPageWikiLink Banco_de_Oro_Unibank.
- Custodian_bank wikiPageWikiLink Bank.
- Custodian_bank wikiPageWikiLink Bank_Central_Asia.
- Custodian_bank wikiPageWikiLink Bank_of_America.
- Custodian_bank wikiPageWikiLink Bank_of_Ireland.
- Custodian_bank wikiPageWikiLink Barclays.
- Custodian_bank wikiPageWikiLink Bond_(finance).
- Custodian_bank wikiPageWikiLink Branch_(banking).
- Custodian_bank wikiPageWikiLink Branch_banking.
- Custodian_bank wikiPageWikiLink Brown_Brothers_Harriman.
- Custodian_bank wikiPageWikiLink Brown_Brothers_Harriman_&_Co..
- Custodian_bank wikiPageWikiLink CIBC_Mellon.
- Custodian_bank wikiPageWikiLink Callable_bond.
- Custodian_bank wikiPageWikiLink Category:Corporate_law.
- Custodian_bank wikiPageWikiLink Category:Financial_institutions.
- Custodian_bank wikiPageWikiLink Central_Securities_Depository.
- Custodian_bank wikiPageWikiLink Central_securities_depository.
- Custodian_bank wikiPageWikiLink Citigroup.
- Custodian_bank wikiPageWikiLink Clearstream.
- Custodian_bank wikiPageWikiLink Comerica.
- Custodian_bank wikiPageWikiLink Comerica_Bank.
- Custodian_bank wikiPageWikiLink Commodities.
- Custodian_bank wikiPageWikiLink Commodity.
- Custodian_bank wikiPageWikiLink Corporate_action.
- Custodian_bank wikiPageWikiLink Corporate_law.
- Custodian_bank wikiPageWikiLink Coupon_(bond).
- Custodian_bank wikiPageWikiLink Credit_Suisse.
- Custodian_bank wikiPageWikiLink Currency.
- Custodian_bank wikiPageWikiLink Custodial_account.
- Custodian_bank wikiPageWikiLink Deutsche_Bank.
- Custodian_bank wikiPageWikiLink Dividend.
- Custodian_bank wikiPageWikiLink E.SUN_Commercial_Bank.
- Custodian_bank wikiPageWikiLink Equities.
- Custodian_bank wikiPageWikiLink Escrow.
- Custodian_bank wikiPageWikiLink Euroclear.
- Custodian_bank wikiPageWikiLink Fiduciary.
- Custodian_bank wikiPageWikiLink Fiduciary_law.
- Custodian_bank wikiPageWikiLink Fifth_Third_Bank.
- Custodian_bank wikiPageWikiLink Financial_institution.
- Custodian_bank wikiPageWikiLink First_Midwest_Bank.
- Custodian_bank wikiPageWikiLink Foreign_exchange_market.
- Custodian_bank wikiPageWikiLink Fund_accounting.
- Custodian_bank wikiPageWikiLink Goldman_Sachs.
- Custodian_bank wikiPageWikiLink HDFC_Bank.
- Custodian_bank wikiPageWikiLink HSBC.
- Custodian_bank wikiPageWikiLink Hedge_fund.
- Custodian_bank wikiPageWikiLink ICICI_Bank.
- Custodian_bank wikiPageWikiLink Individual_retirement_account.
- Custodian_bank wikiPageWikiLink Insurance.
- Custodian_bank wikiPageWikiLink Insurance_companies.
- Custodian_bank wikiPageWikiLink Internal_Revenue_Code.
- Custodian_bank wikiPageWikiLink JPMorgan_Chase.
- Custodian_bank wikiPageWikiLink Japan_Trustee_Services_Bank.
- Custodian_bank wikiPageWikiLink KeyBank.
- Custodian_bank wikiPageWikiLink LBBW.
- Custodian_bank wikiPageWikiLink Landesbank_Baden-Württemberg.
- Custodian_bank wikiPageWikiLink MUFG_Union_Bank.
- Custodian_bank wikiPageWikiLink Maybank.
- Custodian_bank wikiPageWikiLink Mega_International_Commercial_Bank.
- Custodian_bank wikiPageWikiLink Mergers.
- Custodian_bank wikiPageWikiLink Mergers_and_acquisitions.
- Custodian_bank wikiPageWikiLink Mitsubishi_UFJ_Trust_and_Banking_Corporation.
- Custodian_bank wikiPageWikiLink Morgan_Stanley_Smith_Barney.
- Custodian_bank wikiPageWikiLink Morgan_Stanley_Wealth_Management.
- Custodian_bank wikiPageWikiLink Mutual_fund.
- Custodian_bank wikiPageWikiLink Mutual_funds.
- Custodian_bank wikiPageWikiLink National_Australia_Bank.
- Custodian_bank wikiPageWikiLink National_Bank_of_Abu_Dhabi.
- Custodian_bank wikiPageWikiLink Northern_Trust.
- Custodian_bank wikiPageWikiLink PT._Bank_Central_Asia,_Tbk..
- Custodian_bank wikiPageWikiLink Pension_fund.
- Custodian_bank wikiPageWikiLink Precious_metal.
- Custodian_bank wikiPageWikiLink Precious_metals.
- Custodian_bank wikiPageWikiLink QNB_Group.
- Custodian_bank wikiPageWikiLink Qatar_National_Bank.
- Custodian_bank wikiPageWikiLink RBC_Dexia.
- Custodian_bank wikiPageWikiLink Real_Estate.
- Custodian_bank wikiPageWikiLink Real_estate.
- Custodian_bank wikiPageWikiLink Reverse_stock_split.
- Custodian_bank wikiPageWikiLink Roth_IRA.
- Custodian_bank wikiPageWikiLink Settlement_(finance).
- Custodian_bank wikiPageWikiLink Société_Générale.
- Custodian_bank wikiPageWikiLink Standard_Bank.
- Custodian_bank wikiPageWikiLink Standard_Chartered.
- Custodian_bank wikiPageWikiLink Standard_Chartered_Bank.
- Custodian_bank wikiPageWikiLink State_Bank_of_India.
- Custodian_bank wikiPageWikiLink State_Street_Bank_and_Trust_Company.