Business Process Outsourcing (BPO) or Fully Disclosed Solution
We offer a choice of a Business Process Outsourcing (BPO) or a fully disclosed solution. With a BPO solution, Pershing is not disclosed to your client and you use your own name and balance sheet to support transactions, with associated capital and liquidity requirements. The fully disclosed model is an investor custody solution. Pershing is disclosed to your client as the custodian of their assets. Under a fully disclosed solution, trade and settlement risk, related regulatory obligations, capital and asset liquidity requirements and custody, transfer from you to Pershing. Pershing also takes responsibility for custody operations (such as dividend entitlement and corporate event notification) and regulatory reporting.