Security trustee

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Security trustee
/sɪˈkjʊərɪti/ /trʌsˈtiː/ (n.)
One who holds the security in a repackaging programme for the benefit of itself and the other secured parties. Security trustees are inert bodies at the best of times, but are especially so when it comes to repackagings. They are like Vogons. They would not, as Douglas Adams once put it (about Vogons)

“... even lift a finger to save their own grandmothers from the Ravenous Bugblatter Beast of Traal without orders signed in triplicate, sent in, sent back, queried, lost, found, subjected to public inquiry, lost again, and finally buried in soft peat for three months and recycled as firelighters.”