Paper Presentation & Seminar On "NETWORK CUSTODY SYSTEM"
Custody is no longer confined to traditional settlement and safe keeping activity. The custodian’s role is undergoing a metamorphosis, as clients demand more and more sophisticated services. To strengthen their market presence custodians are increasingly required to extend their services.
Services that were considered value-added are now regular features of their custody service. Today clients demand standard custody reporting, corporate actions, incoming processing, securities lending, tax reclamation, contractual settlements, electronic communication links, and automated sub-custodian networks as basic services.
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