Wednesday, October 22, 2014

DEFINITION OF 'SAFEKEEPING CERTIFICATE'

DEFINITION OF 'SAFEKEEPING CERTIFICATE'

A document that represents ownership of a security or certificate of deposit. Safekeeping certificates are the investor's claim against the institution that is holding his or her financial instruments. These documents are most commonly used to facilitate international securities trading and foreign investment; they benefit both the companies and investors who use them.

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