Chapter 7 0.0 / 5 ? Business StudiesBusiness case studiesA2/A-levelAQA Created by: sophie000Created on: 01-02-20 15:28 Issuer Company or government raising the money 1 of 13 Custodian Global custodians often appoint subcustodians 2 of 13 Custodian core services Safekeeping and settlement of assets, asset servicing, cash management, cross border transaction processing 3 of 13 Custodian value added services Securities lending, proxy voting, class actions, investment accounting, performance evaluation 4 of 13 Transfer agents/registrar Keeps records of legal ownership of securities and duty to ensure certificates are genuine 5 of 13 Lead Manager act on behalf of issuer 6 of 13 Underwriter agree to buy shares on an issue not taken up by the market 7 of 13 Trustee Holder of legal title, fiduciary duty (duty of care) 8 of 13 Receiving agent appointed by issuer to handle payments and stock movements 9 of 13 Central Securities Depositary UK = Euroclear and CREST, USA = DTCC, Italy = Monte Titoli, Japan = JASDEC 10 of 13 Reasons for borrowing securities cover a short, cover a fail and cover an exercised option 11 of 13 Stock lending A SBIL is a stock borrowing and lending intermediary. A stock lender will loose the right to vote at a meeting 12 of 13 Target2 Securities . 13 of 13
Chapter 1 notes - BUSS3 - Using objectives and strategies - AQA A2 Business Studies Unit 3 5.0 / 5 based on 1 rating
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