custody risk definition
custody risk means the risk of incurring a loss on assets held in custody in the event of a custodian's or sub-custo dian's insolvency, negligence, fraud, poor administration or inadequate recordkeeping;
custody risk means the risk of loss in the process of rendering custodial services.
custody risk means the risk of incurring a loss on assets held in custody in the event of a custodian's or sub-custodian's insol vency, negligence, fraud, poor administration or inadequate recordkeeping;
More Definitions of custody risk
custody risk means the risk of incurring a loss on assets held in custody in the event of a custodian’s or sub-custodian’s insolvency, negligence, fraud, poor administration or inadequate recordkeeping;
custody risk means the risk of loss of securities held in custody occasioned by the insolvency, negligence or fraudulent action of the central securities depository or its agents;
custody risk includes those risks associated with maintaining Assets with Eligible Securities Depositories (as defined below), which include but are not limited to risks involving an Eligible Securities Depository's expertise and market reputation, the quality of the Depository's services, its financial strength, any insurance or indemnification arrangements, the extent and quality of regulation and independent examination of the Depository, its standing in published ratings, its internal controls and other procedures for safeguarding investments, and any related legal protections.
custody risk means the risk of incurring a loss on assets held in custody in the event of a custodian's or sub-custodian's insolvency, negligence, fraud, poor administration or inadequate record keeping;