In conventional monetary markets, a custodian is a financial institution that provides a at ease storage service for economic securities to reduce the danger of loss or theft. Custodians hold securities in physical or digital shape and are commonly known as custodian banks. additionally, custodians cope with administrative duties together with every day asset pricing, the gathering of dividends and interest payments, and expense monitoring, amongst others. the largest custodian banks measured by belongings under control encompass bank of new York Mellon, country street, JP Morgan, Citigroup, and BNP Paribas.
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