Säilytyspankki

Säilytyspankki, also known as a custodian bank, is a specialized financial institution that holds customers' financial assets for safekeeping. These assets can include securities like stocks and bonds, as well as other valuables. Säilytyspankit play a crucial role in the financial system by providing security, administrative services, and facilitating transactions related to the assets they hold.

The primary function of a säilytyspankki is to safeguard the assets entrusted to them. This involves physical security for tangible assets and robust digital security for electronic holdings. Beyond mere safekeeping, they offer a range of services. These include settlement of trades, where they ensure that the transfer of ownership of securities is completed correctly and efficiently after a transaction. They also handle corporate actions, such as dividend payments, stock splits, and rights issues, ensuring that clients receive the benefits or are properly informed about changes affecting their holdings.

Furthermore, säilytyspankit provide record-keeping and reporting services. They maintain accurate accounts of all assets held and provide regular statements and reports to clients, detailing their holdings, transactions, and any relevant financial information. This transparency is vital for investors and institutions to monitor their portfolios. Their client base typically includes institutional investors like pension funds, mutual funds, insurance companies, and large corporations, as well as high-net-worth individuals. By outsourcing the custody and administration of assets to a säilytyspankki, these clients can reduce operational risks and focus on their core investment strategies.