securities intermediary
USA
Defined in the UCC as:
• A clearing corporation.
• A person, including a bank or broker, that in the ordinary course of its business maintains securities accounts for others and is acting in that capacity.
(UCC §8-102(14).)
See also

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • securities account control agreement — USA The agreement in which a debtor (known as the entitlement holder), secured party and securities intermediary maintaining the securities account have agreed that the securities intermediary will comply with instructions (known as entitlement… …   Law dictionary

  • securities firm — noun a stock broker s business; charges a fee to act as intermediary between buyer and seller • Syn: ↑brokerage, ↑brokerage firm • Derivationally related forms: ↑broker (for: ↑brokerage) • Hypernyms: ↑ …   Useful english dictionary

  • Investment Securities — Securities that are purchased in order to be held for investment. This is in contrast to securities that are purchased by a broker dealer or other intermediary for resale. Banks often purchase marketable securities to hold in their portfolios.… …   Investment dictionary

  • Hague Securities Convention — The Hague Securities Convention is an international multilateral treaty intended to remove, globally, legal uncertainties for cross border securities transactions. [http://hcch.e vision.nl/index en.php?act=conventions.text cid=72] The Convention… …   Wikipedia

  • Place of the Relevant Intermediary Approach — The Place of the Relevant Intermediary Approach, or PRIMA, is a conflict of laws rule applied to the proprietary aspects of security transactions, especially collateral transactions. It is an alternative approach to the historically important… …   Wikipedia

  • Muscat Securities Market — Type Stock Exchange Location Muscat, Oman, Sultanate of Oman Founded …   Wikipedia

  • China Securities Regulatory Commission — CSRC redirects here. For other uses, see CSRC (disambiguation). China Securities Regulatory Commission 中国证券监督管理委员会 Agency overview Formed 1992 Jurisdiction People s Republic of China Headquarters …   Wikipedia

  • Interest in securities — An interest in securities is the asset of a client for whom an intermediary holds securities on an unallocated basis, commingled with the interests in securities of other clients. The distinction between securities and interests in securities is… …   Wikipedia

  • Advice of securities proceeds —   An ISO term. ISO Securities Message Types term. An advice sent by a financial intermediary acting as a collection agent and in response to a presentation of coupons, bonds, or other securities due for payment …   International financial encyclopaedia

  • Euroclear Settlement of Euronext-zone Securities — ( ESES) Euroclear Clearing and Settlement glossary Euroclear Settlement of Euronext zone Securities ( ESES) is an important intermediary step towards the Single Platform. ESES will provide the Euronext zone market CSDs ( Euroclear Belgium,… …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.