1 / 1

Understanding Onbook vs. Offbook in Cash Transactions: Key Differences and Management

This article explains the key differences between onbook and offbook accounts in cash transactions related to securities markets. Learn how State Street manages cash balances, records, and transactions for clients. Discover the roles of subcustodians in maintaining detailed financial information.

zeus-robertson
Download Presentation

Understanding Onbook vs. Offbook in Cash Transactions: Key Differences and Management

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Onbook One account is open at the sub for all funds for cash transactions related to securities in that market Detailed recordes of the client’s foreign cash transactions are kept on the books of State Street One account (omni) is kept at the sub Cash balances are managed by State Street’s Global Trading and Research (GTR) Offbook Individual accounts are open at the sub for each fund for cash transactions related to securities in that market Detailed records of the client’s foreign cash transactions are kept off the books of State Street (kept by the subcustodian) Many accounts are kept at the subcustodian Cash balances are managed by the subcustodian ONBOOK VS. OFFBOOK

More Related