02 — Capability · BC-1760.40
Custody & Asset Servicing
Keep clients' securities and cash safe, settled and correctly recorded, and pass through every income payment and corporate event that affects them. Payment clearing between banks sits in the payments lens.
- Custody Services
- Securities Servicing
- Fund Administration
In scope
- Safekeeping and securities settlement
- Corporate actions and proxy vote processing
- Income collection and tax reclaims
- Fund valuation, NAV, unitholder servicing and holdings reconciliation
Out of scope
- Interbank clearing and settlement of payments (see BC-1730.20)
- The enterprise's own general ledger and close (see BC-210.10)
Realized by · 0
- No product in the catalog yet.
Used in · 2
Build it · 0
- Nothing in the library points here yet.
Decomposes into · 6
- BC-1760.40.10Securities Safekeeping & SettlementHold client assets in segregated accounts and settle purchases and sales on time against cash.
- BC-1760.40.20Corporate Action ProcessingCapture issuer events such as dividends, splits, mergers and elections, collect client instructions and apply the results to holdings.
- BC-1760.40.30Investment Income CollectionCollect dividends, coupons and other income for clients and reclaim withholding tax where treaties allow.
- BC-1760.40.40Fund Valuation & NAVPrice fund holdings, accrue income and expenses, and publish an accurate net asset value per unit on schedule.
- BC-1760.40.50Holdings ReconciliationReconcile positions and cash between the book of record, custodians and brokers daily and resolve breaks.
- BC-1760.40.60Fund Unitholder ServicingProcess subscriptions, redemptions and switches into funds at the right price, keep the unitholder register accurate and pay distributions to unitholders.