The possibility of loss of assets placed in custody due to adverse circumstances at the custodian, such as insolvency, carelessness, misuse, fraud, poor administration or inadequate record-keeping (the risk of a loss being incurred on assets in custody as a result of the custodian’s insolvency, carelessness, misuse, fraud, poor administration or inadequate record-keeping). – See depeculation, custodial misappropriation, outsourcing risks, pasion trap, risk, misappropriation.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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