Custodian Bank Agreement

Deposit banks are often referred to as global deposit banks when they securely hold assets for their clients in several legal departments around the world and use their own local branches or other local deposit banks (“sub-Custodian” or “Agent Banks”) with which they enter into contracts in their “global network” in each market to maintain accounts for their respective clients. Assets held in this way are usually held by large institutional companies that hold a significant number of investments such as banks, insurance companies, investment funds, hedge funds and pension funds. The following companies offer deposit banking services:[3] A deposit agreement is an agreement in which an asset or real estate is held in the name of the beneficial owner (beneficial owner). These agreements are usually entered into by public bodies or companies to manage different benefit programmes. Self-controlled deposit banks for old-age assets (also known as IRA “self-controlled deposit banks” or “401k self-controlled deposit banks”) should not be confused with a custodian bank that strictly offers securities holding. While a stand-alone deposit bank can keep securities, it usually specializes in non-security assets or alternative investments. Examples of alternative investments are real estate, precious metals, private mortgages, shares of private companies, oil and gas LPs, horses and intellectual property. These types of assets require specialization on the part of the custodian bank due to the complexity of the documentation required to maintain alternative investments in compliance with the IRC. .

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