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One of the series of private placement terms: what is a fund custodian?
Fund custodian refers to the fund parties who directly control and manage the fund property according to the provisions of the fund contract and carry out specific fund operation according to the instructions of the fund manager. The fund custodian is the representative of investors' rights and interests, and is the nominal holder or management institution of fund assets. In order to ensure the safety of fund assets, the Fund shall operate according to the principle of separation of asset management and custody, and the fund assets shall be kept by special fund custodians.

The fund custodian, also known as the fund custodian, is the party responsible for asset custody, transaction supervision, information disclosure, fund settlement and accounting in the operation of securities investment funds according to the requirements of laws and regulations. The fund custodian is the representative of the rights and interests of the fund holder, usually served by a powerful commercial bank or trust and investment company. The fund custodian and the fund manager sign a custody agreement. Perform duties within the scope agreed in the custody agreement and collect certain remuneration.