Bank custody business refers to the intermediary business in which a bank, as a third party, represents the interests of the asset owner according to laws, regulations and custody contracts, handles fund settlement in the name of custody assets, conducts accounting and valuation of custody assets, supervises the investment operation of managers, and collects custody fees to ensure the interests of asset customers.

Extended data:

There are many kinds of bank custody business, including securities investment fund custody, entrusted assets custody, social security fund custody, enterprise annuity custody, trust assets custody, rural social security fund custody, basic old-age insurance personal account fund custody, supplementary medical insurance fund custody, income and expenditure account custody, QFII (qualified foreign institutional investors) custody, valuables custody and so on.

Custody bank:

Refers to the depositary bank of depositary receipts, which is a bank arranged by the depositary bank in the country where the underlying securities are issued, usually a local branch, subsidiary or agent of the depositary bank.

1. Responsible for keeping the underlying securities represented by depositary receipts.

2. Collect dividends or interest according to the instructions of the depositary bank for reinvestment or repatriation to the issuing country of depositary receipts.

3. Provide local market information to the bank.

References:

Baidu encyclopedia-bank custody business