Nominee - GMSLA Provision: Difference between revisions
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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. | 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]] | *A specific custody [[nominee]] | ||
*[[CASS Anatomy]] | *[[CASS Anatomy]] | ||
Revision as of 11:19, 18 January 2020
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GMSLA Anatomy™
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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 assets entrusted to it for custody, thereby keeping them utterly segregated from the broker’s own assets.
See also
- A specific custody nominee
- CASS Anatomy