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Amwelladmin (talk | contribs) (Created page with "===What is a {{aifmdprov|depositary}}? === Every UCITS or AIF must appoint an independent {{aifmdprov|depositary}}, which must be a bank or regulated investment firm b...") |
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It’s an analogue to what those crazy guys in the [[Cayman Islands]] call a [[fund administrator]]. The {{aifmdprov|depositary}}’s job is to: | It’s an analogue to what those crazy guys in the [[Cayman Islands]] call a [[fund administrator]]. The {{aifmdprov|depositary}}’s job is to: | ||
*monitor the [[AIF]]’s [[cashflow]]s | *monitor the [[AIF]]’s [[cashflow]]s | ||
*oversee | *oversee [[subscription]]s and [[redemption]]s | ||
*oversee the calculation of [[NAV]] | *oversee the calculation of [[NAV]] | ||
*hold [[custody]] assets in safekeeping | *hold [[custody]] assets in safekeeping | ||