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Your Parent Account has already been created.
FalconFalcon123
Custodian
This indicates who is the custodian of your child account. This can be almost anything, but is usually a private bank (i.e. Credit-Suisse), Private Equities, PE/VC Funds, Real Estate the list really does go on. This is an important to split and analyse your date. A parent account can have many custodians (How many is dependent on your tier).
Large custodians such as large private wealth banks are usually split in to separate custodians by the location of the branch. i.e. If I had a Private Bank called "Private Bank A" (PBA) and it had a two branches, a Singapore and a Hong Kong branch, you would create each branch as a separate custodian; "PBASG" and "PBAHK". Many custodians already exist in Canopy but custom ones can be created by yourself to suit your needs. Though we do suggest you carefully check the ones available to you before creating a new custodian.
FalconFalcon123-PBASG
Child Account
A Child account represents an account relationship with a particular custodian these are to be your portfolios or bank accounts. One Account Code is to be created for one portfolio/ account number, some portfolios can have multiple accounts so should have multiple child accounts.
Many child accounts can be created for each custodian, when creating the account we recommend using a form of identifier (i.e. the last 3 numbers of the account, 01-565-989) to make sure you can keep track of which child account is which bank account or portfolio.
FalconFalcon123-PBASG-989
Currency (CCY) Account
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A Child account can have multiple CCY accounts in multiple currencies.
FalconFalcon123-PBASG-989-USD-a01
FalconFalcon123-PBASG-989-USD-z36
Amount
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