Nominee - GMSLA Provision
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2010 Global Master Securities Lending Agreement
Clause Nominee in a Nutshell™ Use at your own risk, campers!
Full text of Clause Nominee
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Summary
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