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Glossary

Custodian

A financial institution that holds customers' securities for safekeeping to prevent them from being lost or stolen.

Custodian News

Industry
NDF appoints Northern Trust as custodian for assets under management

The agreement aims to enhance the National Development Fund’s capabilities and achieve its strategic objectives

Industry
Qatar Stock Exchange and Edaa Qatar oversee first onshore SBL transaction

HSBC acted as custodian and agent lender for the transaction while QNBFS acted as the borrower

People moves
Kech named new CEO for GLEIF

Alexandre Kech will succeed the not-for-profit organisation’s current CEO Stephan Wolf, who has served in his position for a decade

Industry
SASLA: Market participants encourage use of local services to benefit SA

The South African Securities Lending Association (SASLA) hosted its annual conference in Cape Town, where participants on its collateral management panel discussed the future of triparty

Industry
Edaa delays shortening settlement cycle

The move, which was originally scheduled for 2 January 2024, has been pushed back to March

Industry
Zodia Custody integrates with Fireblocks

Through the Fireblocks Network, the digital asset custodian’s institutional clients will be able to access digital assets and transfer them across their accounts

Industry
ISS and Strate partner on proxy voting solution

Through the collaboration, global and custodian banks using ISS’ GPD outsourced voting solutions will be able to use Strate’s central platform for the direct vote processing of South African issuers’ shareholder meetings

Industry
DTCC releases a new T+1 scorecard for CTM community

DTCC has released a new T+1 scorecard, available to its CTM community through its ITP Data Analytics service