Custodian Role: Custody in Cyprus refers to the safekeeping and administration of financial assets on behalf of clients. Custodians are entrusted with holding assets such as securities, cash, and other investments, often providing related services such as clearing and settlement of trades.
Types of Custody Services: Custody services in Cyprus can vary based on the client's needs and the type of assets involved. Common types include:
Global Custody: Offering services across multiple jurisdictions, facilitating international investment portfolios.
Local Custody: Focused on domestic markets, providing custody services within Cyprus.
Securities Services: Beyond safekeeping, custodians may offer services like corporate actions processing, income collection, and reporting.
