Please forward this error screen to man. Please forward this error financial periodicals to host. Thank you very much for letting me hear what my eyes cannot see. We are one of more than fifty such services nationwide, but the only one in New York City.
Helen Keller Services in Brooklyn, NY. We also find and create special content specifically to help listeners live a full life with vision loss. Please forward this error screen to man. Also found in: Dictionary, Thesaurus, Legal, Idioms. The keeping of assets, including securities, by a financial institution.
Safekeeping occurs when a broker-dealer holds securities that are registered in a client’s name for the client. The advantage from the client’s perspective is that the securities are safe and the broker-dealer has them available to sell at the client’s instruction. The disadvantage from the broker-dealer’s perspective is that securities held in a client’s name are not fully negotiable or fungible, so they can’t be used to settle trades, for example. Thus, it’s a service for which many firms charge a fee. Instead of being registered in their own names, clients’ securities may be registered in the broker-dealer’s name or in the name of a depository.