depositary
[/dɪˈpɑːzɪteri/]
nounpl: depositaries
depositário
1. A person or entity with whom something is deposited for safekeeping
The bank acts as a depositary for valuable documents.
O banco funciona como depositário de documentos valiosos.
2. In legal context, a person entrusted with the custody of another's property
The depositary is responsible for maintaining the security of the funds.
O depositário é responsável pela segurança dos fundos.
3. An institution authorized to hold and manage financial assets on behalf of investors
The depositary bank ensures compliance with regulatory requirements.
O banco depositário garante conformidade com requisitos regulatórios.
In Brazil, the term 'depositário' is primarily used in legal and financial contexts. It is especially common in banking terminology, where depositaries hold securities, ADRs (American Depositary Receipts), and other financial instruments on behalf of clients. The role is heavily regulated by financial authorities like the Central Bank and CVM (Comissão de Valores Mobiliários).
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