Credit institution that holds custody of securities, values, and generally the assets of collective investment institutions, such as funds, variable capital investment companies (SICAVs), or pension plans. These companies are responsible for their custody, administration, and surveillance; they function as the great safe of the stock markets and also are responsible for collecting contributions, receiving dividends, paying benefits, and fulfilling orders to buy and sell securities, among other functions, for which they charge a commission.
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