CISI IISI Practice Questions - CISI International Introduction To Securities And Investment Exam

What is the main purpose of a custodian within the financial services industry?

To set the dividend policy of listed companies To determine a country's monetary policy To underwrite new issues of equity for corporate clients To hold and safeguard clients' securities and settle trades on their behalf

Correct Answer:

To hold and safeguard clients' securities and settle trades on their behalf

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