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A custodian bank must be appointed for the custody of securities belonging to a UCITS or an AIF as well as for managing accounts belonging to the UCITS or AIF. A custodian bank is a credit institution that is licenced to conduct custody business.

Term-Nr.: 236

German: Depotbank (OGA und AIF) (248)

Source: FMA AT m. e. E., 30.10.2018

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