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ONBOOK VS. OFFBOOK

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

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ONBOOK VS. OFFBOOK

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  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

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