Custodian and Deficit: Difference between pages

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#''Pensions accounting.''  The excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding. For example, if the liabilities were 100 and the assets were 90, the deficit would be 100 - 90 = 10.  (Not to be confused with the percentage ''funding level'' which in this example would be 90/100 = 90%.)
 
#More generally, any financial shortfall.
A bank, financial institution or other entity responsible for maintaining accurate and up-to-date registration details of the beneficial owners of those securities for which it has custodial responsibility.  
 
Custodians are also responsible for the administration of the assets they hold (including trade settlement), the collection of interest or dividends, exercising the voting rights attached to certain types of securities if so required, as well as being able to provide other services such as the production of portfolio valuations and performance measurement.  
 
 
As a result of dematerialisation, the need to hold and safe keep securities in physical form has been largely removed in many of the world’s major securities markets.
 
 
2.
 
Any organisation or individual that holds assets on behalf of another organisation or individual.
 


== See also ==
== See also ==
* [[Agent bank]]
* [[Amortisation]]
* [[Bank]]
* [[Fiscal deficit]]
* [[Beneficial owner]]
* [[FRS 17]]
* [[Custody]]
* [[Funding level]]
* [[Custody risk]]
* [[Multicurrency cross-border pooling]]
* [[Dematerialisation]]
* [[Multicurrency one-country pooling]]
* [[Dividend]]
* [[Surplus]]
* [[Global custodian]]
* [[Interest]]
* [[Local custodian]]
* [[Registration]]
* [[Security]]
* [[Securities settlement system]]
* [[Sub-custodian]]
* [[Trustees]]
 
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 16:46, 5 August 2013

  1. Pensions accounting. The excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding. For example, if the liabilities were 100 and the assets were 90, the deficit would be 100 - 90 = 10. (Not to be confused with the percentage funding level which in this example would be 90/100 = 90%.)
  2. More generally, any financial shortfall.

See also

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