Custody Services - Comptroller’s Handbook

介绍custody的一本书，比较全面，个人觉得不错。

Content：

OVERVIEW ............................................................................................................ 1
Background .................................................................................................. 1
The Custody Services Industry ............................................................ 1
Services Provided by a Custodian ....................................................... 1
Risks Associated with Custody Services ........................................................ 2
Transaction Risk ................................................................................. 3
Compliance Risk ................................................................................ 3
Credit Risk.......................................................................................... 4
Strategic Risk ...................................................................................... 5
Reputation Risk .................................................................................. 5
Risk Management ......................................................................................... 6
Operational Controls .......................................................................... 6
Account Acceptance and Monitoring.................................................. 7
Management Information Systems ...................................................... 8
Board and Management Supervision............................................................. 9
Staffing ............................................................................................... 9
Compliance........................................................................................ 9
Global Sub-Custodian Network .................................................................. 13
Due Diligence - Markets................................................................... 13
Due Diligence - Sub-Custodian banks............................................... 13
Safekeeping and Settlement ........................................................................ 14
Safekeeping of Custody Assets .......................................................... 15
Settlement of Securities Transactions ................................................ 17
Reporting and Recordkeeping........................................................... 21
Cash Management............................................................................ 22
Foreign Exchange ............................................................................. 22
Securities Servicing..................................................................................... 23
Income Collection ............................................................................ 23
Corporate Actions............................................................................. 24
Tax Reclaims .................................................................................... 25
Securities Lending ...................................................................................... 26
The Evolution of Securities Lending Markets ..................................... 27
The Role of Bank Custodians ............................................................ 27
The Securities Lending Transaction................................................... 28
Due Diligence Considerations .......................................................... 29
Law and Taxation Matters................................................................. 32

Collateral Management..................................................................... 33
Securities Lending Operations .......................................................... 35
International Securities Lending ........................................................ 36
Other Value-Added Services....................................................................... 36
Risk Measurement and Management ................................................ 37
Compliance Monitoring.................................................................... 37
Performance Measurement ............................................................... 37
Banks as Users of Custody Services............................................................. 37
Document Custody Services ....................................................................... 38
EXAMINATION PROCEDURES
General Procedures .....................................................................................41
Quantity of Risk...........................................................................................43
Quality of Risk Management........................................................................47
Conclusions ................................................................................................65
APPENDICES
A. Glossary ............................................................................................69
B. Corporate Actions..............................................................................87
C. Investment Company Act of 1940 Custody Rules...............................91
D. New York Stock Exchange Rule 387 ..................................................98
REFERENCES .......................................................................................................103