Examples of Custody chain in a sentence
Sub-Custody of Financial InstrumentsDeGiro holds the Financial Instruments of the Fund with Sub-Custodians in the Custody chain.
Discrepancies will need to be investigated by the trading parties and any amendments instructed;OTC: over the counter markets where securities are traded directly between two parties rather than on regulated trading venue;Reconciliation: From the broker to the intermediaries throughout the Custody chain there will be a series of controls: (i) Transaction level reconciliation between booking venues / front and back-office systems.
Custody chain system issues and functions Issue FunctionsLaw/standards Accreditation Certification Inspection Extension services Internal Control System Business modelSets out conditions of organic production, certification and trade.
Details of the status of the instruction should feed back up the Custody chain to the trading parties.T+0 – T+1CSD, Asset Managers, Brokers, CustodiansSecurities position managementTrading parties and intermediaries ensure that securities that have been sold are ready and available for settlement on the intended settlement date.
This includes both economic data (such as the quantity and price, as well as any additional fees or charges to be included in the settlement amount) and non-economic data (such as the details of the accounts at the CSD between which the transaction should be settled).Secondly there is a “vertical flow” in which information is cascaded through the lengthy Custody chain to the CSD.