A custodian is a financial institution or other organization that is responsible for holding and safeguarding assets on behalf of its clients. Custodians typically provide a range of services, including the safekeeping of assets, the settlement of trades, and the provision of reports and other information to clients.
Custodians play a critical role in the financial industry, as they help to ensure the security and integrity of assets and facilitate the smooth functioning of financial markets. Custodians are typically regulated by government agencies and are required to follow strict rules and procedures to protect the assets that they hold.
There are many different types of custodians, including bank custodians, securities custodians, and commodity custodians. Each type of custodian specializes in holding and safeguarding specific types of assets, such as cash, securities, or commodities. Custodians are used by a variety of clients, including individuals, businesses, and institutional investors.
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