单词 | custodian bank |
释义 | custodian bank in Finance (kʌstoʊdiən bæŋk) Word forms: (regular plural) custodian banks noun (Finance: Banking) A custodian bank is a bank that holds customer assets in safety. The sponsor of these certificates or receipts typically purchases and deposits thesecurities in an irrevocable trust or custodial account with a custodian bank. An amount of cash must be deposited with the broker as initial margin as a good faithdeposit, and is generally maintained in a segregated account at the custodian bank. A custodian bank is a bank that holds customer assets in safety. |
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