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Assets under custody (AUC) refer to the total value of financial assets that a custodian holds on behalf of clients, ensuring safekeeping and settlement of transactions. Assets under administration (AUA), on the other hand, encompass a broader range of services, including managing and servicing these assets, which may involve accounting, reporting, and compliance functions. While AUC focuses solely on the safekeeping aspect, AUA includes additional administrative services related to asset management.

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2mo ago

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