Custodian bank
Financial institution providing safekeeping and securities services
Custodian bank
A custodian bank, or simply custodian, is a specialized financial institution responsible for providing securities services. It provides post-trade services and solutions for asset owners, asset managers, banks and broker-dealers. Custodial banks do not engage in traditional commercial or retail banking services like lending. Custodian banks provides a wide range of value-adding or cost-saving financial services, such as fund administration, transfer agency, securities lending, and trustee services.
Read on Wikipedia · Image Iain Hector, CC BY 3.0
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