Sub-Custodian Monitoring

Thomas Murray Data Services' Sub-Custodian Monitoring service assists banks in meeting regulatory, fiduciary, client and internal obligations for the periodic review of their appointed sub-custodians, while sharing costs with other Thomas Murray Data Services clients.

The service supplements banks’ own operational review processes whilst helping them to reduce the expense and disruption of having employees away from the office. Thomas Murray Data Services' work covers all markets/agents used by our clients and includes on-site operational reviews for all locations.

The service provides a proprietary sub-custody assessment report on third party sub-custodians; call reports from onsite visits to the appointed local agent and two other major local sub-custodians; call reports from visits to the local CSD(s), Central Bank, Exchange(s) and Regulator(s); access to responses to our sub-custodian monitoring questionnaire and; access to responses to the generic client questions for each of the sub-custodians, issued annually.

Clients who use this product

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If you would like to purchase this service, or find out more about it, please contact Derek Duggan at dduggan@ds.thomasmurray.com or telephone him on +44 (0) 20 8600 2300.