Look up Custodian in Wiktionary, the free dictionary.
Custodian can have a few meanings: Wikipedia does not have an article with this exact name. ... Wiktionary logo Wiktionary is a Wikimedia Foundation project intended to be a free wiki dictionary (including thesaurus and lexicon) in almost every language. ...
A custodian, in the United States, is a person that cleans and maintains large buildings, and in this respect it is synonymous with janitor. Examples include a school custodian or a custodian for any large building or set of buildings.
Custodian as a legal term, refers to the person appointed to manage and dispense funds for a child without constricting court supervision and accounting requirements.
Custodian as a financial term, refers to a bank, agent, or other organization responsible for safeguarding a firm's or individual's financial assets. The role of a custodian in such a case would be the following: to hold in safekeeping assets such as equities and bonds, arrange settlement of any purchases and sales of such securities, collect information on and income from such assets (dividends in the case of equities and interest in the case of bonds), provide information on the underlying companies and their annual general meetings, manage cash transactions, perform foreign exchange transactions where required and provide regular reporting on all their activities to their clients.
Custodian banks are often referred to as Global Custodians if they hold assets for their clients in multiple jurisdictions around the world, using their own local branches or other local custodian banks in each market to hold accounts for their underlying clients. Assets held in such a manner are typically owned by pension funds.
This is a disambiguation page: a list of articles associated with the same title. If an internal link referred you to this page, you may wish to change the link to point directly to the intended article.
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