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Global Custodians - a definition of who a Global Custodian is, and what a Global Custodian does, is presented on this page.
Definition: Global Custodians - who are they?
Global Custodians comprise several banks and non-bank financial institutions. These range from major "money center" banks, through
mid-tier banks and extend to a handful of specialist providers whose focus is exclusively asset servicing or asset servicing and
asset management. For the names, and a profile of each provider, follow the final link below.
Definition: Global Custodians - what do they do?
A Global Custodian processes cross-border securities trades, keeps financial assets safe and services the associated portfolios.
In more detail, this entails a Global Custodian effecting settlement of trades (that is, completion of a transaction, wherein the
seller transfers securities or financial instruments to the buyer and the buyer transfers money to the seller) and providing safekeeping
of the assets on behalf of clients. A Global Custodian's services also include: collection of income arising from the portfolios
(dividends and interest payable); application of entitlements to reduced rates of withholding tax at source and reclaiming withheld
taxes after-the-fact; and dealing with corporate actions (such as bonus issues, rights issues and takeovers). A wide range of additional
services fall under the umbrella term of 'global custody'. Follow the final link below, and click through to the Service Matrix, for
comparative analysis of the offerings of leading Global Custodians.
Definition: Global Custodians vs Domestic Custodians
Global Custodians provide their customers with custody services in respect of securities traded and settled across numerous countries
throughout the world, beyond the country in which client and Global Custodian are located.
Key links:
Global Custodians definition
Back to Global Custodians directory listings, rankings, surveys, ratings page
Visit the industry utility, Global Custody .net (free-to-access, registration optional).
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