Home > Term: collective custody
collective custody
The safekeeping of fungible securities by category in a bank or a central depository. A record is kept of how many securities belong to the individual banks or customers, but no numbers are allocated. In Switzerland, the banks use SIS SegaInterSettle AG for collective custody. Opposite: individual custody.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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