0
For a fee, the custodial institution may collect dividends, interest, and proceeds from securities' sales, and disburse funds according to a customer's instructions
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Who is called custodian of fundamental rights?
judiciary
What 1934 body created to regulate the stock market?
Securities and Exchange Commission
To regulate the stock market The Roosevelt Administration created what?
The U.S. Securities and Exchange Commission :) is the answer :P
What is important about the Securities Act of 1933?
The Securities Act of 1933, came about as a result of the stock market crash of 1929. Its features were a means to provide transparency of financial statements to investors so that informed investment decisions can be made. It also put checks in place to avoid misrepresentation in the securities market.
What measure was taken to regulate the securities industry in the wake of the stock market crash of 1929?
In 1934 Congress established the Securities and Exchange Commission (SEC) to protect investors against fraud and mismanagement by securities firms and other investment entities.
What is the meaning of custodian of forex?
A custodian holds securities and other assets in electronic or physical configuration.
What is a function of custodian?
For a fee, the custodial institution may collect dividends, interest, and proceeds from securities' sales, and disburse funds according to a customer's instructions
What is a depot reconciliation involve?
Depot reconciliation is the process of reconciling securities holding of a bank or an institution as per their book of accounts against the securities in the account maintained with the custodian. The process is similar to the Nostro account reconciliation. e.g. Bank X maintains it's custodian account with Euroclear. Bank during the course of the business buys and sells securities and send messages to it's custodian for the delivery or receipt of such securities. Bank needs to ensure that securities balance as per their book is matching with actual the balance in their account with Euroclear. This process is called Depot reconciliation.
What does Assets Under Custody mean?
AUC is the value of assets held under custody by a "custodian of securities".
What is the role of custodian bank?
Under the Uniform Commercial Code and modern stock exchange systems, stock is not issued in the traditional manner, but rather is held by a series of proxies. Retail investors hold "beneficial securities entitlements" which are matched to stock held in the name of DTC nominee Cede Co on the books of the underlying securities issuer. So if Bob is a retail investor in GOOG, Google sees Bob's shares in Google's stock register under street name. Google has no idea that Bob holds Google stock. Bob's brokerage's custodian bank is responsible for matching the rights in Google held by the stock exchange up to the rights of Bob as beneficial owner. The custodian must relay to Bob the proxy papers for stockholder meetings and dividends and so on as Bob demands. A custodian bank functions as a securities intermediary in the holding chain for securities held in street name. It is a type of proxy that is expedient for stock brokers or large investors. After clients negotiate trades of securities, the clients' custodian handles the actual settlement of securities transactions by effecting changes of securities ownership in the stock exchange securities registers run by the DTC.
Is the Federal Securities Act still function today?
yes!
What is the General term for janitor?
Janitor. Or custodian.
What is the primary function of the Term Asset-Backed Securities Loan Facility?
Provide funding support for collateralized securities such as student, auto, and credit card loans.
As long as the money in your account is tied up in securites are you not at risk of losing your money if the brokerage firm goes under?
Your money in securities will be lost only if the organizations or firms of which you hold securities go bust. Let us say you hold 1000 shares of Google Inc through XYZ brokerage firm. As long as google is stable and in business, irrespective of the XYZ firms status, your securities are safe. XYZ is just a custodian and can only hold on to your securities for safe keeping. They cannot use or pledge or sell your securities without your written consent/authorization.
Functions of Securities and exchange commission in Nigeria?
The function of the Securities and Exchange Commission in the country of Nigeria is to oversee the transactions of stocks. The commission has broad powers to uphold the integrity of the exchange.
When was The Custodian created?
The Custodian was created in 1993.
Upon change of custodian the outgoing custodian must conduct a joint inventory with whom?
Incoming Custodian
