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However, if a Reserve Bank operated a book-entry system strictly as a fiscal agent, it might have to continue to safekeep, in definitive form, unpledged securities owned by member banks and others in order to avoid conflict between its fiscal agency obligations and its custodial responsibilities to the beneficial owners of the safekept securities.
Another prominent species of regulatory compliance trust arising in response to state law is the trust account that a law firm operates in order to discharge its duty to safekeep clients' funds.
Liquidity DIRECT enables institutional clients to access a wide range of money market funds, invest directly in individual money market securities, and safekeep margin balances in counterparty transactions, all through a single investment portal at liquditydirect.
Our fundamental philosophy is simple--first, we safekeep our customers' deposits," he explained.