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Build a custody review around the assets, legal entity, access controls, records and exit process your institution needs. Agio can discuss its proposed custody scope with you. Request evidence for the actual arrangement and record open questions before deciding whether it meets your procurement requirements.
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List the intended assets and networks, expected transaction activity, reporting needs and operating jurisdictions. Confirm each proposed asset-network combination with the provider. Describe any trading or payment use separately, because the controls and service terms for moving assets need to be understood alongside safekeeping.
Record the full contracting entity, service description and permission evidence supplied for that service. Match names and dates against authoritative records where available. Keep the DARE registration question separate from the custody-specific arrangements you are procuring, and ask for clarification wherever the supporting scope is unclear.
Verify entity and service scope →Ask who can request, approve and release a movement; how recipients are approved; and how staff changes affect access. Request a walkthrough of a normal transfer and an exception. Record how approvals are evidenced and how an institution can review the permissions associated with its arrangement.
Ask how your institution's holdings are identified, reconciled and reported. Clarify the custody model, relevant third parties and contractual treatment of client assets. Request a sample report and ask how it maps to underlying records. Refer legal treatment and enforceability questions to your advisers.
If insurance is offered for the proposed arrangement, request the relevant coverage evidence, covered events, exclusions, limits and claims procedure. Ask which entity is insured and whether your contemplated assets and custody model fall within scope. A headline coverage figure cannot answer those questions.
Discuss unavailable approvers, incidents, reporting interruptions and termination. Record notification contacts, escalation ownership, access changes and the steps to transfer assets and records to an accepted destination. Confirm applicable charges and conditions in the agreement rather than assuming every exit follows the same process.
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