First custody banks in Serbia
Four Serbian banks have been issued licenses to undertake custody services.
Tuesday, 20.02.2007.
13:17
First custody banks in Serbia
Custody services include full management of a bank’s client’s portfolio, such as shares, bonds and other securities. That also means that the bank will trade on behalf of its client, but under its own name, so that the client remains anonymous.Unlike custody banks which guard the identity of their customers, brokerage companies trade on behalf and under the name of their clients.
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