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A term used in litigation or other disputes referring to a corporate (or other organizational) employee who exercises control over the organization's records in the ordinary course of business.
The document custodian certifies the complete and accurate representation of the documents within its control. Under the terms of the Master Custodial Agreement, documents may be released to the Issuer from time to time in connection with servicing. Only the Issuer may request the release of documents.
A custodian, also known as a custodian bank, refers to a financial institution that holds the possession of customers' securities to reduce the possibility of theft or loss.