Street Name and Customer Order Custody (street name)

A share purchased by the brokerage firm or bank for a customer, but held in the name of the institution (a share that is held in the name of a brokerage firm or bank, instead of the actual purchaser of the share). This is often done when the customer is domiciled in another country and self-administration is too much of a hassle or other inconvenience for the customer. – Institutions take care to ensure that this service is not abused to engage in prohibited activities and, in particular, to conceal insider transactions. – See custody account, custodian, custody business, Custody Act, euro general collateral pooling, nominee, omnibus account, street name, straw man, depository, ancillary securities services, intermediate custody.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/