A custodian (also called a custodian bank) can be described as a financial institution specialised in the safekeeping of financial assets, such as equities and bonds, for a firm or an individual. The financial assets can be held in electronic or physical form. In addition to safeguarding financial assets, custodian services may also include administering voluntary and involuntary corporate actions such as dividends and rights issues.
Under Share Trading with IG, shares purchased are held by Citi in a direct custody capacity. Australian shares purchased through IG are registered in CHESS under Citicorp Nominees Pty Limited, with a CHESS Participant Identification Number (PID) 20018. They are held on the client’s behalf by Citibank Pty Ltd. UK and US shares are held by Citibank N.A. German shares are held by Citigroup Global Markets. The clients are the ultimate beneficial owners.
CFDs are a leveraged product and can result in losses that exceed deposits. You do not own or have any interest in the underlying asset. Please consider the Margin Trading Product Disclosure Statement (PDS) before entering into any CFD transaction with us.
Please ensure you fully understand the risks and take care to manage your exposure.
IG does not issues advice, recommendations or opinion in relation to acquiring, holding or disposing of our products. IG is not a financial advisor and all services are provided on an execution only basis.
This website is owned and operated by IG Markets Limited. ABN 84 099 019 851, AFSL 220440. Derivatives issuer licence in New Zealand, FSP No. 18923
The information on this site is not directed at residents of the United States and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
All trading involves risk. CFDs are leveraged products and can result in losses that exceed your initial deposit. Please ensure you fully understand the risk involved and take care to manage your exposure.