Home > Term: trustee security status
trustee security status
Legally required security for investments of the assets of individuals under guardianship. In Switzerland, the Civil Code sections 401 and 402 provide that such funds must be placed in low-risk, interest-bearing investments. Savings deposits and public sector bonds are permitted. Investments in equities, participation certificates and derivatives, on the other hand, are prohibited.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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