Search for: "FINANCIAL INSTITUTION CONDUITS: The Depository Trust "
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6 Nov 2011, 7:04 am
But one of the responsibilities of the intermediary is to outsource the cash management responsibilities to qualified third-party custodians such as broker-dealers or insured depository institutions, which was a concern that Congress had as the legislation moved through committee, who is holding the money and can they be trusted, and will they release the money at the right time. [read post]