The custodian is a bank where the securities and account holdings are deposited. If an investor has only one custodian, it is referred to as a central custodian or global custodian. Global custody is a comprehensive service offer for the management of large, globally diversified securities portfolios. The aim is to provide institutional investors with an efficient and transparent organisation of securities management. The global custodian offers the following services, among others: Securities administration and custody, withholding tax reclaim, reporting, securities accounting, securities lending. Depending on the provider, additional services such as electronic access to account and custody information are also offered.