A custodian is a person or organization that is responsible for the safekeeping and management of
assets. In the context of securitizations, a custodian is typically a bank or
trust company that is responsible for the safekeeping and management of the underlying assets that are used to back the
securities that are issued to investors. In the context of securitisation,
custodians play an important role in the securitisation process. They are responsible for:
- Holding the underlying assets that are being securitised
- Issuing and redeeming the securities that are created by the securitisation
- Paying interest and principal on the securities
- Providing investors with access to their investment information
Here are some examples of custodians in securitisation:
- Bank of New York Mellon
- State Street Corporation
- JPMorgan Chase