Custody services and Customer: Difference between pages

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''Custody - securities - financial assets - risk management.''
1.  ''Commerce.''


In the context of securities and financial assets, custody services include the processing of securities trades, keeping financial assets safe and servicing the associated portfolios.
In a commercial context, a customer is individual or organisation that pays for goods, services, or both.




Custody services are a part of ''asset servicing.''
2.  ''Public sector.''
 
In relation to public sector activities, customers are the people or organisations that receive services provided by public sector bodies.
 
For example, the UK's tax authority HM Revenue & Customs (HMRC) writes: "HMRC is a high volume business; almost every UK individual and business is a direct customer of HMRC."




== See also ==
== See also ==
* [[Agent bank]]
* [[Business ]]
* [[Asset servicing]]
* [[Commerce]]
* [[Custodian]]
* [[Commercial]]
* [[Custody]]
* [[Corporate]]
* [[Custody risk]]
* [[Customer due diligence]]
* [[Financial asset]]
* [[Customer risk]]
* [[Prime brokerage]]
* [[His Majesty's Revenue & Customs]]  (HMRC)
* [[Risk management]]
* [[Know-your-customer]] (KYC)
* [[Security]]
* [[Organisation]]
* [[Public sector]]
* [[Strong Customer Authentication]] (SCA)


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Investment]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]

Revision as of 17:15, 11 March 2023

1. Commerce.

In a commercial context, a customer is individual or organisation that pays for goods, services, or both.


2. Public sector.

In relation to public sector activities, customers are the people or organisations that receive services provided by public sector bodies.

For example, the UK's tax authority HM Revenue & Customs (HMRC) writes: "HMRC is a high volume business; almost every UK individual and business is a direct customer of HMRC."


See also