Safekeeping definition
Safekeeping means protecting property, assets, or persons through a physical presence to detect and deter illegal actions, inappropriate actions, violations of the property’s or premise’s rules or code of conduct, or unsafe conditions; including but not limited to theft, damage, harm, or risk of injury to such persons or property, as applicable.
Safekeeping means the preservation of records.
Safekeeping is covered by LPML. This means the lease of safe boxes or deposit boxes for the purpose of keeping money, securities, valuables and other movable property for clients. At the time of the evaluation visit, only 9 banks performed safekeeping activities.
Examples of Safekeeping in a sentence
Safekeeping and administration of the Financial Instruments for the Client’s Trading Account, including custodianship and related services such as cash/collateral management.
Registered Securities issued under the New Safekeeping Structure shall be deposited with a Common Safekeeper for Euroclear and Clearstream, Luxembourg All Registered Securities of the same Series shall have the same Denomination.
Share draft Safekeeping is automatic on Your Account and Your cancelled share drafts will not be returned to You.
In addition, on and after the date hereof, the Certificate Administrator may establish any number of subaccounts to the Retained Interest Safekeeping Account for each Retaining Party.
Bank Negara Malaysia, Scripless Securities Trading and Safekeeping System Mauritius Central Depository and Settlement Co. Ltd.
More Definitions of Safekeeping
Safekeeping means an ARD shall ensure that no damage or loss of property occurs to a customer’s vehicle while in the ARD’s possession.
Safekeeping. The Collateral Agent agrees to (i) maintain the Collateral (other than Spread Account Permitted Investments) received by it and all records and documents relating thereto at the office of the Collateral Agent specified in Section 8.06 hereof or such other address within the State of Illinois (unless all filings have been made to continue the perfection of the security interest in the Collateral to the extent such security interest can be perfected by filing a financing statement, as evidenced by an Opinion of Counsel delivered by the Transferor to the Controlling Party), as may be approved by the Controlling Party and (ii) take Delivery of and maintain the Spread Account Permitted Investments and all records and documents relating thereto at its offices within the State of New York. The Collateral Agent shall keep all Collateral and related documentation in its possession separate and apart from all other property that it is holding in its possession and from its own general assets and shall maintain accurate records pertaining to the Spread Account Permitted Investments and Spread Accounts included in the Collateral in such a manner as shall enable the Collateral Agent and the Secured Parties to verify the accuracy of such record-keeping. The Collateral Agent's books and records shall at all times show that the Collateral is held by the Collateral Agent as agent of the Secured Parties and is not the property of the Collateral Agent. The Collateral Agent will promptly report to each Secured Party and the Transferor any failure on its part to hold the Collateral as provided in this Section 2.06(a) and will promptly take appropriate action to remedy any such failure.
Safekeeping. The Customer must ensure that during the Hire Period the Plant is stored safely and securely and is protected from theft, seizure or damage.
Safekeeping means a service to customers rendered by banks for a fee whereby securities and valuables of all types and descriptions are held in the bank's vaults for protection.
Safekeeping means storage of an asset or item of value by a
Safekeeping means keeping your school or early childhood education center safe from environmental hazards.
Safekeeping. Any vehicle towed at the request of the Police Department where person(s) entitled to possession is either not present or incapacitated and unable to make arrangements for its security. Vehicle towed for “safekeeping” will be stored to prevent loss of property and in some cases inaccessible unless authorized by the Police Department. Response time is 30 minutes.