A deposit bank or simply a deposit bank is a specialized financial institution that is responsible for guaranteeing the financial assets of a company or person and is not active in „traditional“ commercial or retail activities such as mortgages or private loans, branches, private accounts, ATMs, etc. The role of a custodian in such a case would be as follows: this regulation defines the sub-depository so that it can operate with bus accounts. This requires the separation of the custodian`s own assets and the sub-custodian`s own assets from those of the CIS. In addition to separating the CIS account from other customers` accounts. A custodian may have the right to assert the holding of assets when necessary, often in combination with a power. This allows the custodian to make transactions on behalf of the client, such as payments. B or investment changes. However, a receiver account for investment funds (IRA, MS, etc.) refers to the plan manager and the think tank, as noted above, who may not necessarily be the same institution that provides deposit services for the investments of the global fund. The sub-custodian will be a company of the same type as the custodian, but will be authorized by its supervisory authority. It must also meet the minimum solvency and capital requirements of this regulator.
Caceis Bank or BNP Paribas are examples of sub-depositors. Custodian companies have a policy of protecting financial instruments. These policies are accessible to all via their websites. They tell you who their sub-depositors are and for what types of assets and regions. For example, for equities, there will be some deposit banks and others for derivatives. There will also be a distinction between the sub-depository of the European Union and those of third countries. In particular, the person or organization must be considered a qualified custodian. This limits the scope to banks, registered brokers, registered traders and certain individuals or corporations. The following companies offer banking services:[3] Abroad are Bank of China (Hong Kong), Credit Suisse and UBS (Switzerland), Deutsche Bank (Germany), Barclays (England) and BNP Paribas (France) abroad. Each account may have only one beneficiary, the holder of an auxiliary account and a custodian, designated representative for adults.