Examples of Custody chain in a sentence
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.
Sub-Custody of Financial InstrumentsDeGiro holds the Financial Instruments of the Fund with Sub-Custodians in the Custody chain.
End user/intermediary, varies according to turnover: < 0.5 billion US$: 3,700 GBP £, 0.5 – 1 billion US$: 6,600 GBP £, > 1 billion US$: 13,000 GBP47Selecting a biomass certification system – a benchmark on level of assurance, costs and benefits | March 2012Differences in required auditing days in the Chain of Custody chain are limited and range between 1 to 2,5 days.
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.
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.
Altogether, 36 imprisoned or remanded electors cast votes at the DPSs on the three polling days.
Delivery Delivery (“DvD”), swapping ownership of securities and avoiding the traditional Custody chain and settlement cycle.
Figure 4 Work-flow of the IDD (top-down approach) Custody chain IDD network (top-down approach)3c.
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.
Custody chain risk In addition to the investor’s bank, other parties (financial intermediaries, see Glossary) are usually involved in the buying, selling and custody of financial instruments and other assets.