Asset servicing - Financial definition
Financial acronyms
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Concise definition of the term asset servicing
The term asset servicing describes a group of tasks and activities provided by a custodian to his clients around the assets he has under custody.
Comprehensive definition of the term asset servicing
These activities include amongst others:
- New issues services
- Income and redemption payments
- Tax services: relief at source and reclaims
- Corporate action notifications and processing
- Proxy voting service
- Lifecycle for income and corporate actions