Definition for : Custody

"Custody" encompasses several activities: (i) keeping up to date the registry recording the ownership of securities; (ii) storing the securities when those are not de-materialised; (iii) providing settlement/clearance; and (iv) lending/borrowing securities. Clearstream (www.Clearstream.com) and Euroclear (www.Euroclear.com) provide such services.

To know more about it, look at what we have already written on this subject