单词 | custodian bank |
释义 | > as lemmascustodian bank c. spec. A bank or other financial institution which safeguards assets or securities on behalf of a client, without having the authority to trade. Frequently attributive, esp. in custodian bank. ΘΚΠ society > trade and finance > financial dealings > banking > [noun] > bank > other types of bank merchant bank1620 land-bank1696 private bank1696 paper bankc1720 national bank1736 bank of circulation1767 bank of deposit1767 corporate bank1780 state bank1791 branch bank1796 reserve bank1816 investment bank1824 bank of issue1831 commercial bank1838 red dog1838 wild cat1838 central bank1841 national bank1864 investment house1878 issue house1878 clearing-bank1883 issuing house1890 member bank1914 custodian1915 merchant banker1924 Swiss bank1949 development bank1950 Transcash1982 telephone bank1985 bancassurer1991 1915 N.Y. Times 6 Mar. 14/2 The suggestion..that the wool brought in be consigned to custodian banks, subject to release on the approval of the alliance, was adopted. 1953 Kiplinger Mag. Nov. 10/1 In addition to the sales commission, or load, companies offering contractual plans usually charge a custodian fee of 1% or 5% annually to cover administration expenses. 1970 N. F. Dacey Dacey on Mutual Funds 99/1 The State Street Bank and Trust Company in Boston and the Bank of New York, both prominent custodians. 1987 St. Petersburg (Florida) Times (Nexis) 13 Nov. 9 b The people who manage a mutual fund do not have possession of the fund's assets—cash and stocks or other securities the fund holds as investments. Those assets are held by the fund's custodian bank. 1990 Economist 22 Sept. 151/2 The government has just ordered banks to dismantle lucrative price-fixing arrangements for brokerage fees, bond underwriting and custodian services. 2009 Wall St. Jrnl. 3 Feb. c3/5 HSBC ranked fifth among global custodians last year, with $6 trillion of assets in custody. < as lemmas |
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