Securities Custodian
/ˈsɛkjʊrɪtiz kʌˈstoʊdiən/
Definitions
- (n.) An institution or person legally appointed to hold securities on behalf of another for safekeeping and administration.
The securities custodian ensures the safe storage and accurate record-keeping of clients' investment assets.
Forms
- securities custodian
- securities custodians
Related terms
See also
Commentary
The term highlights the fiduciary responsibility for safekeeping and managing securities rather than direct ownership or trading.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.