Virgin Islands Custodian Agreement
Description
How to fill out Custodian Agreement?
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FAQ
Services provided by a bank custodian are typically the settlement, safekeeping, and reporting of customers' marketable securities and cash. A custody relationship is contractual, and services performed for a customer may vary.
A custodian bank holds financial assets for safekeeping to minimize the risk of theft or loss. Investment advisors are required to arrange for a custodian for assets they manage for their clients. These assets may be stored in physical or electronic form.
Custodian is responsible for carrying out settlements, recording receipts, keeping and maintaining records, and managing custody accounts of the schemes on behalf of the NPS Trust. Presently, the Deutsche Bank AG is the Custodian under the NPS.
Pursuant to subsection (1) of this section, a court may terminate parental rights if the parent has abandoned the juvenile for 6 months or more immediately prior to the filing of the petition.
A custodial parent is the parent that lives with and cares for their minor child for all (sole physical custody) or most (primary physical custody) of the time. This contrasts with the noncustodial parent, who might have the child on a limited basis or only have visitation rights.
The Custodian will independently send an account statement to Client, at least quarterly, identifying the amount of funds and each security in the Account at the end of the period and setting forth all transactions in the Account during the period, including the amount of any fees paid to Advisor.
Custodian of the Document: the person who has charge or custody of the document. In the case of making an attested photocopy, the ?document's custodian? is the person presenting the document, who may or may not be the document signer or a party named in the document.
A custodial agreement is an arrangement wherein one holds an asset or property on behalf of the actual owner (beneficial owner). Such agreements are generally entered into by state agencies, or companies to administer various benefit programs.
