A deposit bank or simply a deposit bank is a specialized financial institution that is responsible for protecting the financial assets of a company or person and does not deal with “traditional” commercial or retail activities, such as mortgage or private loans, subsidiary banks, personal accounts, ATMs, etc. The role of a custodian bank in such a case would be: a pension account of investment funds (IRA, SEP, etc.) However, the depositary refers to the plan administrator and the accountant, as indicated above, who need not be the same institution that provides custody services for the investments of the global fund. This is due to the perceived inequitability of registering securities traded in the name of each of the holders; Instead, the custodian bank or custodian banks are registered as holders and hold the securities in a fiduciary agreement for the definitive holders of the securities. However, the ultimate holders of securities are still the rightful owners of the securities. They are not only beneficiaries of the depositary as agents. The custodian bank does not at any time become the owner of the securities, but is only part of the chain of registration that connects the owners to the securities. Global custody practices vary widely, with markets such as Britain, Australia and South Africa favouring registered deposits to enable shareholder identification by companies. . . .

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