Omnibus account

Roles that need it

• Custody Operations Analyst
• Depositary Oversight Analyst
• Reconciliations Analyst
• Legal Counsel

Skills it belongs to

• Custody and asset servicing
• Legal research and regulatory interpretation

Related concepts

• CustodianA custodian is a financial institution, usually a bank, that holds securities and cash on behalf of clients, settles their trades and services the assets through corporate actions, income collection, tax relief and reporting. A global custodian covers many markets through its own branches or a network of sub-custodians.
• CSD (Central securities depository)A central securities depository (CSD) is an entity that operates a securities settlement system and provides the initial recording of securities in book-entry form (notary service) or central maintenance of securities accounts at the top tier. In the EU CSDs are authorised under the Central Securities Depositories Regulation (CSDR).
• Sub-custodianA sub-custodian, also called a local agent, is a custodian in a given market that holds securities and settles trades there on behalf of a global custodian or another intermediary. It connects to the local CSD, processes local corporate actions and tax, and reports to the custodian above it in the holding chain.
• ReconciliationReconciliation is the regular comparison of two sets of records that should agree, such as a firm's securities positions and the custodian's statement, cash ledgers and bank statements, or trade details with a counterparty, followed by investigation of differences (breaks). It is a key control in operations and finance.

Sources

• Regulation (EU) No 909/2014 (CSDR), EUR-Lex (external site) accessed 31 Oct 2026
• Commission Delegated Regulation (EU) 2016/438 (UCITS depositaries), EUR-Lex (external site) accessed 31 Oct 2026

Updated 31 Oct 2026.