Chapter 7

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  • Created by: sophie000
  • Created on: 01-02-20 15:28
Issuer
Company or government raising the money
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Custodian
Global custodians often appoint subcustodians
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Custodian core services
Safekeeping and settlement of assets, asset servicing, cash management, cross border transaction processing
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Custodian value added services
Securities lending, proxy voting, class actions, investment accounting, performance evaluation
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Transfer agents/registrar
Keeps records of legal ownership of securities and duty to ensure certificates are genuine
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Lead Manager
act on behalf of issuer
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Underwriter
agree to buy shares on an issue not taken up by the market
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Trustee
Holder of legal title, fiduciary duty (duty of care)
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Receiving agent
appointed by issuer to handle payments and stock movements
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Central Securities Depositary
UK = Euroclear and CREST, USA = DTCC, Italy = Monte Titoli, Japan = JASDEC
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Reasons for borrowing securities
cover a short, cover a fail and cover an exercised option
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Stock lending
A SBIL is a stock borrowing and lending intermediary. A stock lender will loose the right to vote at a meeting
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Target2 Securities
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Other cards in this set

Card 2

Front

Global custodians often appoint subcustodians

Back

Custodian

Card 3

Front

Safekeeping and settlement of assets, asset servicing, cash management, cross border transaction processing

Back

Preview of the back of card 3

Card 4

Front

Securities lending, proxy voting, class actions, investment accounting, performance evaluation

Back

Preview of the back of card 4

Card 5

Front

Keeps records of legal ownership of securities and duty to ensure certificates are genuine

Back

Preview of the back of card 5
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