not always - Zero nominees is an internal fund owned by Euroz, not clients - HSBC custody nominees is wholly owned by HSBC and forms part of their level 2 Capital adequacy disclosure, eg their assets.
What I was trying to show was that all of the big brokers are on to this, before only Euroz and Mac were following in any meaningful way.
not always - Zero nominees is an internal fund owned by Euroz,...
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