Download or read book The Law of Global Custody written by Joanna Benjamin and published by Lexis Law Publishing (Va). This book was released on 1996 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global custody has quickly developed into an area driven by technology and the law has had trouble keeping up with the pace of these advances resulting in a legal black-hole. This book offers a lucid legal analysis of the domestic and cross-border aspects of the global custody industry. It helps the reader to cut through the legal ambiguities raised by the electronic and cross-border nature of the securities markets. It addresses legal risk through reducing legal uncertainty, and indicates how legal exposures can be contained by appropriate drafting and account arrangements. The book's comprehensive analysis and discussion includes: the duties and liabilities of the custodian; depositary receipts; conflicts of law (for the securities markets generally, and in relation to negotiability, taking security and custodian insolvency). It also examines the use of securities as collateral and securities settlement (general principles of legal settlement risk, together with chapters on the major UK settlement systems).