Custody: The direct question

For a global custodian, weighing the pros and cons of contracting a sub-custodian in a market – compared with connecting directly to the local securities depository there – is perhaps the most decisive strategic choice, and the talk about a possible “disintermediation” trend to bypass sub-custodians has been around since long. What patterns can be observed in real life, what are the drivers, and how will custodians’ clients experience any differences between a direct-to-CSD and a via-sub-custodian setup?

- - -

Can’t add the session to “My schedule”? Your meetings page could reveal if the slot is blocked by a pending meeting invitation.

Adding a session to your personal schedule does not commit you to attend (except for the dinner or exclusive sessions where very clearly communicated). Conversely, it does not guarantee your seat, so come in good time where you suspect a full room.