Northern Trust Master Custody Agreement: What You Need to Know
Northern Trust is one of the leading providers of asset servicing, asset management, and wealth management services to institutional and individual clients worldwide. The company has been in business for over 130 years and has a reputation for excellence and innovation.
One of the many services Northern Trust offers is master custody. A master custody agreement is a legal contract between a financial institution and an asset manager or institutional investor. The agreement outlines the terms and conditions for the custody of securities and other assets held by the client.
Northern Trust’s master custody agreement allows institutional investors to outsource the safekeeping of their assets, as well as other back-office functions such as settlement, income collection, and corporate actions processing. The agreement also outlines the responsibilities of both parties, as well as the fees and charges associated with the custody services.
Clients who choose Northern Trust as their master custodian benefit from the company’s extensive experience and expertise in the field. Northern Trust has been providing custody services for over a century and has built a strong reputation for reliability, security, and customer service.
Northern Trust’s master custody agreement is tailored to meet the unique needs of each client. The company offers a range of custody services, including traditional safekeeping, securities lending, and collateral management. Northern Trust also employs state-of-the-art technology to ensure that assets are held securely and that clients have access to real-time information about their holdings.
In addition to its expertise in custody services, Northern Trust provides clients with access to a range of other financial services, including asset management, wealth management, and investment consulting. This gives clients the opportunity to work with a single provider for all their financial needs, which can streamline their operations and reduce costs.
As an institutional investor or asset manager, choosing the right master custodian is critical to the success of your business. Northern Trust’s master custody agreement is a comprehensive and flexible solution designed to meet the unique needs of each client. With its long history of excellence and commitment to innovation, Northern Trust is an excellent choice for any organization looking for a trusted partner in the custody of their assets.