Custodian: Difference between revisions

Custodians sometimes act to hold pledged collateral away from its owner, but outside the bankruptcy estate of the pledgee, under an [[account control agreement]]. This can put the custodian in an invidious position, because when the treacle hits the fan, everyone will be shouting at it at once, and it won't know what to do. That will mean it won't do anything. Unless you are prepared to give an [[indemnity]].