Custodial Agreements Template is a practical base for drafting an agreement between a client and a custodian for safekeeping and management of assets. It’s ideal for banks, asset managers, family offices, and corporates needing clear custody terms and robust governance.
What's inside
Parties and effective date
Scope of custody and asset types
Duties and responsibilities for both client and custodian
Fees, expenses, and invoicing terms
Safekeeping procedures and insurance
Recordkeeping, reporting, and audit rights
Attachment A: Asset Schedule
Termination, transfer of assets, and data transfer
Signatures and governing law
How to use this template
Fill in [Client Name], [Custodian Name], and [YYYY-MM-DD] as the effective date.
Customize the Asset Schedule in Attachment A with your actual assets and locations.
Specify the fee schedule and payment terms in the Fees section.
Review compliance requirements for your jurisdiction and internal policies.
Have authorized signatories review, approve, and sign the final agreement.
Why it works
Is this contract legally binding for both parties?
Yes. This template provides standard sections that you tailor to your jurisdiction and internal policies; have it reviewed by counsel before signing.
How should I adapt the asset schedule?
List each asset type, a brief description, an account/ID, and its custody location. Attach supporting schedules as needed.
Can I add more asset types or special instructions?
Absolutely. Add appendices for any asset-specific instructions, insurance requirements, or special handling rules.