What is a sub-custodian?
Last Updated: 21 Dec 2015
A sub-custodian is an institution that provides custody services, with respect to securities traded in a particular market or jurisdiction, on behalf of another custodian who may not have an operation/office in that jurisdiction. ASB Securities has engaged BNY Mellon as the global custodian for non-Australasian investments.
Did this answer your question?
Related Answers
-
When you choose ASB Securities as your custodian you can own shares without the administration hassles that come with being ...
-
If you have moved house or changed your email address, you can update your details by contacting ASB Securities on ...
-
There are two key dates involved in the sale and purchase of securities. The first date is the trade date, ...
-
ASB Nominees – as this is an elective service you can choose to hold your shares in your own name ...
-
You’re either a Margin Lending client, have opted into the Nominee service, or you’re trading in an overseas market – ...
-
Your deposit will generally need to be 20% of the property's value (see the Reserve Bank's LVR rules) - but ...
-
Any foreign dividends received by ASB Securities will be credited to your Foreign Currency Account (FCA) account in the currency ...
-
Exchange Traded Funds (ETFs) are investment funds that trade much like shares. An ETF can hold assets such as shares, ...
-
To update your Common Shareholder Number (CSN), please call us on 0800 272 732 weekdays 7am-6pm. Find out more about ...
-
Australian shares can be held in two ways. Broker sponsored holdings Your shares are held in an account with a ...
