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{{ | {{a|cass|}} | ||
The {{cassprov|Client Money Acknowledgment Letter}} is a letter that a {{cassprov|CASS firm}} must get from any subcustodian it appoints to hold client assets on its behalf. It requires the custodian | The {{cassprov|Client Money Acknowledgment Letter}} is a letter that a {{cassprov|CASS firm}} must get from any subcustodian it appoints to hold client assets on its behalf. It requires the custodian | ||
*To acknowledge that the assets are the CASS firm's client assets related to transactions the client is entering; | *To acknowledge that the assets are the CASS firm's client assets related to transactions the client is entering; |