What does the Custodian Action List (CAL) report document?

The Custodian Action List (CAL) report is specifically designed to document accountable transactions for a customer's account on a given business day. This means it provides detailed records of all actions taken regarding the financial status or transactions associated with a specific account, ensuring accurate accountability and transparency.

By maintaining a clear record of these transactions, organizations can effectively track financial activities, manage accounts, and ensure that all actions align with the organization's policies and regulations. This report plays a vital role in financial oversight and is integral for audits and compliance purposes, making it essential for custodians to accurately record and monitor these transactions on a daily basis.