Security services is a specialized offering, typically available only to the financial institution clients of a corporate bank. Security services provide access to local financial markets, enabling financial institutions to offer services related to investments listed on exchanges such as the New York Stock Exchange and the London Stock Exchange. The services offered within security services at a corporate bank range from custody services, which involves the safeguarding and administration, such as dividend collection and record keeping of client assets, to prime brokerage, which provide services to hedge funds to allow them to enter into short positions or leverage long positions. This can be provided on an execution only basis, where the bank simply carries out trades requested by the hedge fund or as a managed service where the bank manages the entire process.