Services of holding securities and other assets of trusts and funds and similar financial entities

cpc code 71702 covers the services provided by entities that hold securities, assets, and other financial instruments on behalf of trusts, funds, and similar financial organizations. These entities play a crucial role in the broader financial ecosystem, offering specialized custodial and administrative services that enable the efficient management and safekeeping of diverse investment portfolios. Their activities are essential for the proper functioning of various investment vehicles, from mutual funds to pension plans, contributing to the overall stability and growth of the financial markets.

The main production techniques employed by entities covered under cpc code 71702 involve the secure custody and administration of financial assets. This includes the safekeeping of securities, such as stocks, bonds, and other investment instruments, as well as the management of cash holdings, dividends, and other related transactions. These entities utilize advanced technology, robust security protocols, and specialized expertise to ensure the integrity and accessibility of the assets under their care.

The primary inputs required for the services described under cpc code 71702 include a skilled workforce with expertise in financial services, custody operations, and regulatory compliance. Additionally, these entities rely on sophisticated information technology systems, secure data storage facilities, and robust risk management frameworks to support their operations. The availability of a well-developed financial infrastructure, including reliable banking and settlement systems, is also a crucial input for the effective delivery of these services.

The main outputs of the industry covered by cpc code 71702 are the custodial and administrative services provided to trusts, funds, and other financial entities. These services enable the efficient management and safekeeping of a wide range of financial assets, including 71100 Securities and equity market services, 71200 Derivative and commodity market services, and 71300 Portfolio management, trust, and custody services. The outputs of this industry contribute to the overall stability and growth of the financial markets by facilitating the effective management of investment portfolios and the protection of client assets.