What’s a depository?

A custodian temporarily possesses property belonging to someone else, with the owner retaining ownership rights. Custodians have responsibilities and cannot use the property. Abandoned property can be disposed of, but some types revert to the government. A custodian is someone who owns property that belongs to someone else. A simple example would be a wardrobe. […]

What’s a depository bank?

A custodian bank is responsible for safeguarding assets, including securities and valuables, on behalf of investors. They also assist in buying and selling assets and managing international situations. Agent banks are a special type of custodian bank that holds shares for American Depository Receipts. A custodian bank is a financial institution responsible for maintaining and […]

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