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Home > QFINANCE Dictionary > Definition of global custody

Definition of

global custody

Finance

bundle of financial services for institutional investors a financial service, usually available to institutional investors only, that includes the safekeeping of securities certificates issued in markets across the world, the collection of dividends, dealing with tax, valuation of investments, foreign exchange, and the settlement of transactions

global custody - Related Articles

  • Acquiring a Secondary Listing, or Cross-Listing

    Best Practice

    The underlying shares remain in custody in the home country, and DRs effectively convey ownership of those shares. DRs are quoted and normally pay dividends in the foreign country’s currency (for example, US dollars or euros). DRs can be established either for existing shares that are already trading, or as part
    By Meziane Lasfer

  • How the Settlement Infrastructure Is Surviving the Financial Meltdown

    Best Practice

    Today, as the world’s largest international central securities depository (ICSD), Euroclear Bank provides settlement and custody services, as well as value-added services such as collateral management, to clients from all corners of the globe. In 2008, Euroclear Bank processed securities
    By Yves Poullet

  • Money Managers

    Best Practice

    The biggest money managers are household names; often they are part of banks or insurance companies. Examples are Fidelity, Vanguard, Barclays Global Investors, Nippon Life, Generali, Allianz, AXA, and Legal and General. Each of these companies manages hundreds of billions, and sometimes over a
    By David Pitt-Watson

  • Basel Rules OK?

    Viewpoints

    This tough new approach presents three difficulties. Firstly, in trying to make the banks safer, there is a danger that it will have a negative impact on the global economy by slowing global growth. The effect of higher capital ratios is to reduce lending capacity, and there are fears that new rules on trade finance (even with the October 2011 revisions) could prove highly disruptive to international commerce
    By Brian Caplen

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Definitions of ’global custody’ and meaning of ’global custody’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’global custody’ and other financial terms with our online QFINANCE Financial Dictionary.

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