- securities account
- An account opened by a Client through a Party with a Euroclear Group (I)CSD to which are credited securities held by the Client with that (I)CSD.
Euroclear glossary. 2008.
securities account
Look at other dictionaries:
securities account — USA An account to which a financial asset is or may be credited in accordance with an agreement whereby the financial institution maintaining the account undertakes to treat the person for whom the account is maintained as entitled to exercise… … Law dictionary
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 account holder — A Client who is the holder of a securities account. Euroclear Clearing and Settlement glossary … Financial and business terms
securities account holder — A Client who is the holder of a securities account … Euroclear glossary
securities account — An account opened by a Client through a Party with a Euroclear Group ( I)CSD to which are credited securities held by the Client with that ( I)CSD. Euroclear Clearing and Settlement glossary … Financial and business terms
operational securities account — (OSA) Euroclear Clearing and Settlement glossary In either the Domestic Service or the Full Service, a facility enabling a Party to manage a number of Securities Accounts on a consolidated basis. In the Domestic Service, a Party will be able… … Financial and business terms
operational securities account — (OSA) In either the Domestic Service or the Full Service, a facility enabling a Party to manage a number of Securities Accounts on a consolidated basis. In the Domestic Service, a Party will be able through an OSA to manage a number of Securities … Euroclear glossary
legal securities account — See operational securities account ( OSA). Euroclear Clearing and Settlement glossary … Financial and business terms
legal securities account — See operational securities account (OSA) … Euroclear glossary
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).) … Law dictionary
