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A custodial agreement defines the relationship between the client and a custodian. It covers all of the assets held in custody, including non-securities and assets not held at a depository or sub-custodian. A custodial agreement is a legal contract between the owner of assets or property and a nominee that agrees to hold the assets or property on behalf of the owner.
A custodial agreement is a legal agreement that establishes a framework for managing retirement savings accounts. It outlines the responsibilities of the custodian, who manages the account, and the รขโฌยฆ Define custodial agreement. An agreement that may be entered into among the company, the master servicer, the trustee and a custodian pursuant to which the custodian will hold certain documents รขโฌยฆ