Knowledge Base

← Identify the roles and responsibilities of central securities depositories (CSDs) and international sub-custodians in financial markets
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Which principle structures the relationship between a Global Custodian and its sub-custodians?

Which principle structures the relationship between a Global Custodian and its sub-custodians?

A currency can circulate freely between monetary zones
A security can be transferred between different central securities depositories
A currency never leaves its monetary zone of origin
A security can be held outside its issuing central securities depository