# Account Credit - Can any Custodian create any kind of Instrument Holdings freely?

**URL:** <https://forum.canton.network/t/account-credit-can-any-custodian-create-any-kind-of-instrument-holdings-freely/5827>\
**Category:** App Development\
**Tags:** daml-finance\
**Created:** [December 15, 2022, 11:05am UTC](https://forum.canton.network/t/account-credit-can-any-custodian-create-any-kind-of-instrument-holdings-freely/5827 "2022-12-15T11:05:26Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![jvelasco.intellecteu](https://yyz2.discourse-cdn.com/flex034/user_avatar/forum.canton.network/jvelasco.intellecteu/32/7305_2.png) [@jvelasco.intellecteu](https://forum.canton.network/u/jvelasco.intellecteu)\
**Post date:** [December 15, 2022, 11:05am UTC](https://forum.canton.network/t/account-credit-can-any-custodian-create-any-kind-of-instrument-holdings-freely/5827/1 "2022-12-15T11:05:26Z")

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Hi,  
I’ve been digging into the crediting flow of Holdings and as far as I can see any Custodian of an Account (along with the owner authorization) might create Holdings of an Instrument without the Issuer authorization. Am I missing something?

Disclaimer: I’m not familiar with processes for creation of Instrument Holdings.

Thanks!

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**Author:** ![Matteo\_Limberto](https://yyz2.discourse-cdn.com/flex034/user_avatar/forum.canton.network/matteo_limberto/32/2823_2.png) [@Matteo\_Limberto](https://forum.canton.network/u/Matteo_Limberto)\
**Post date:** [December 16, 2022, 8:17am UTC](https://forum.canton.network/t/account-credit-can-any-custodian-create-any-kind-of-instrument-holdings-freely/5827/2 "2022-12-16T08:17:22Z")

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Hi @jvelasco.intellecteu,

What you state is correct: an (unlocked) holding has two signatories, namely the `custodian` and the `owner`.

Holdings represent financial obligations between a `custodian` and an `owner`. The instrument referenced by a holding determines what these obligations are (e.g., currency tokens, shares, bonds, …). The authorisation of the instrument `issuer` is generally not required.

An analogy to a real-world example is the following:

- we can write on a piece of paper that I owe you `100 USD` (we are creating a holding where I am the `custodian` and you the `owner`)
- the authorisation of the Federal Reserve (the issuer of the USD instrument) is not required for this

I hope that clarifies your question.

Matteo