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Contract Matrix Insurance Requirements Nonconstructive ContractsContract Type Custodial ServicesDescription of Services Cleaning University buildings with or without University supervision. Checklist Items WC
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Custodial services refer to the management and administration of accounts and funds held in trust for another party, typically involving the safekeeping and transaction processing of assets.
Entities or individuals holding custodial accounts, such as custodial banks or financial institutions, are typically required to file custodial services documentation.
Filling out custodial services generally involves providing detailed information about the account holder, the assets held, transaction history, and other required financial disclosures as specified by regulations.
The purpose of custodial services is to ensure the secure holding, management, and administration of assets on behalf of clients, while also facilitating transactions and compliance with regulatory requirements.
Required information typically includes account holder details, asset descriptions, transaction records, income generated, and any relevant taxes or fees applicable.
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