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Financial & TaxID: kb-fin-045

Custodial Agreement

Contract for safekeeping of financial assets.

Added: June 11, 2025
Applicable: Universal

Detailed Explanation

A Custodial Agreement is a contract between a client and a custodian (usually a bank or financial institution) where the custodian agrees to hold, safeguard, and administer the client's financial assets. This includes collecting dividends, settling trades, and providing reporting, but typically does not involve investment advice.

Tags

#safekeeping#assets#administration#trust

Applicable Countries