Primary navigation:

QFINANCE Quick Links
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of safe custody

Definition of

safe custody

Stockholding & Investments

holding by financial institutions of customers' valuable documents the holding of stock certificates, deeds, wills, or a locked deed box on behalf of customers by a financial institution. Securities are often held under the customer's name in a locked cabinet in the vault so that if the customer wishes to sell, the bank can forward the relevant certificate to the broker. A will is also usually held in this way so that it may be handed to the executor on the customer's death. Deed boxes are always described as "contents unknown to the bank." Most institutions charge a fee for this service.

Related definitions of "safe custody"

safe custody - Related Articles
  • An Auditor’s Approach to Risk-Based Auditing: What to Audit and When

    Best Practice

    Interest rate futures, interest rate swaps, credit swaps, etc. Other. Fee-Based Customer Services Check processing. Trust service (corporate and personal). Discount brokerage. Home banking. Lockbox services. Safekeeping, safe deposit, custodial. Mortgage servicing. Money transfer/wire transfer. Other
    By Paul J. Sanchez

  • How the Settlement Infrastructure Is Surviving the Financial Meltdown

    Best Practice

    Today, as the world’s largest international central securities depository (ICSD), Euroclear Bank provides settlement and custody services, as well as value-added services such as collateral management, to clients from all corners of the globe. In 2008, Euroclear Bank processed securities
    By Yves Poullet


Definitions of ’safe custody’ and meaning of ’safe custody’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’safe custody’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top

Related Dictionary Terms

Related Dictionary Terms

Related Blog Posts

More related Blog results