Securities Custody Arrangements Make Sense

Whether a healthcare organization's investments are managed by in-house staff or an outside investment management firm, a proper operational framework that includes reporting, performance monitoring, and audit and risk management functions should be in place. Central to these functions is an ef...

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Bibliographic Details
Published in:Healthcare Financial Management 2000-02, Vol.54 (2), p.70-70
Main Author: SEIDNER, ALAN G
Format: Article
Language:English
Subjects:
Auditing procedures
Collateral
Correspondent banks
Custodian accounts
Custodians
Customer services
Fees & charges
Health care industry
Health maintenance organizations
Investment advisors
Investment policy
Management
Medical care
Risk management
Securities trading
United States
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Summary:Whether a healthcare organization's investments are managed by in-house staff or an outside investment management firm, a proper operational framework that includes reporting, performance monitoring, and audit and risk management functions should be in place. Central to these functions is an efficient securities custody arrangement. Securities custody is broadly defined as the holding of investment securities, either in physical (definitive) or electronic (book entry) form, usually by a bank or trust company.
ISSN:0735-0732
0735-0732