Nominee - GMSLA Provision: Difference between revisions

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Clause Nominee in a Nutshell™

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Full text of Clause Nominee

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-Not quite the same as a [[custody]] [[nominee]] — this is more a lazy reference to the general case of an [[agent]] or [[custodian]] who handles assets and payments on your behalf. Usually a “[[nominee]]” is a more technical term for the entity a custodian or [[broker/dealer]] uses to hold [[client asset]]s entrusted to it for [[custody]], thereby keeping them utterly segregated from the [[broker]]’s own assets.
-{{sa}}
-*A specific custody [[nominee]]
-*[[CASS Anatomy]]