Custody of Securities and Cash Sample Clauses

The "Custody of Securities and Cash" clause defines the responsibilities and procedures for holding and safeguarding a client's financial assets, such as stocks, bonds, and cash, on their behalf. Typically, this clause outlines who acts as the custodian, the standards of care required, and the processes for handling deposits, withdrawals, and record-keeping. By establishing clear rules for asset custody, the clause ensures the security of client assets and reduces the risk of loss or misappropriation.