Global Custody and Clearing Services (Finance and Capital Markets)
Category: Business
Tag: Economics and Finances
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Ross McGill, Naren Patel, "Global Custody and Clearing Services (Finance and Capital Markets)"
Palgrave Macmillan | 2008-01-22 | ISBN: 0230007007 | 288 pages | PDF | 1,1 MB
Palgrave Macmillan | 2008-01-22 | ISBN: 0230007007 | 288 pages | PDF | 1,1 MB
The global custody product was conceived out of changes to United States pension law. In 1974, the Employee Retirement Income Security Act came to the Statute books, forcing US pension plan sponsors to segregate investment management and custody of the underlying assets.
Today, service providers act for clients in many countries worldwide, handling assets across 100 countries of investment. The range of services is ever more sophisticated. Measured by the value of assets held under custody, it is a multi trillion dollar industry.
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