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{{a| | {{a|cass|}}{{c|Prime brokerage}}''You see [[custodian]]s mentioned in the context of a [[bankruptcy]], as some kind of [[insolvency administrator]]. That’s a different sort of [[custodian]] and not really what we're talking about here, which is that chap who looks after [[client asset]]s'' | ||
===Generally=== | ===Generally=== | ||
*There are “[[Main custodian|main]]” or [[first level custodian|“first level” custodian]]s, who face end [[client]]s directly, and [[sub-custodian|''sub''-custodian]]s, who face [[main custodian]]s and other [[sub-custodian]]s in the [[custody chain]] but do not face end users directly. | *There are “[[Main custodian|main]]” or [[first level custodian|“first level” custodian]]s, who face end [[client]]s directly, and [[sub-custodian|''sub''-custodian]]s, who face [[main custodian]]s and other [[sub-custodian]]s in the [[custody chain]] but do not face end users directly. |