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What is the difference between Custody and Sub Custody?

 
 
Reply Thu 29 Jan, 2015 02:19 am
Please can anyone explain to me the fundamental differences between Custody and Sub Custody in a bank?
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Type: Question • Score: 0 • Views: 1,629 • Replies: 2
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andrewjack21
 
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Reply Mon 16 Nov, 2015 12:21 am
Custody : A custodian bank, or simply custodian, is a specialized financial institution responsible for safeguarding a firm's or individual's financial assets and is not engaged in "traditional" commercial or consumer/retail banking such as mortgage or personal lending, branch banking, personal accounts, automated teller machines (ATMs) and so forth.

Sub-Custody : An institution providing custody services, with respect to securities traded in a particular market or jursidiction, on behalf of another custodian (e.g. a global custodian) who may not have an operation in that jurisdiction.
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hemant12
 
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Reply Mon 16 Nov, 2015 04:29 am
Do not have any knowledge about this, Please let me know about this. ?
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