Omnibus Customer Securities Accounts
id:
omnibus-customer-securities-accounts-293-2131009
title:
Omnibus Customer Securities Accounts
text:
An Omnibus Customer Securities Account is a securities account used by a brokerage firm or its affiliated clearing firm in order to maintain appropriate custody of underlying securities for the purpose of satisfying the custody obligations of the broker-dealer towards its customers. Article 8 of the Uniform Commercial Code provides for a standard settlement procedure for securities transfers to be effected by book entry when the underlying securities are registered in the name of the designated
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Omnibus_Customer_Securities_Accounts
date created:
date modified:
2023-12-02T21:37:07Z
main entity:
{"identifier":"Q18385457","url":"https://www.wikidata.org/entity/Q18385457"}
image:
fields total:
13
integrity:
13