The deposit of securities serves Kreditinstitut for the Verwahrung and administration own as well as the securities and funds deposited by the customers (investor or investor). Also the posting of precious metals takes place on depots.

Within the range of the Verwahrung of funds one speaks also of an asset account.

Likewise as depot or portfolio and/or Portfolio the whole of all plants of an investor is designated.

Organizational

Kreditinstitut books purchases and sales of securities on the depot. (At least annually) the depot owner keeps a deposit statement of the number of items and value of all plants regular shows.

Dividend of shares or interest of loans as well as is booked on a clearing account.

The bank leads own depots ("“Nostro depot"”) to technical and accounting purposes. One differentiates:

• Depot A for the self-trade of the bank
• Depot B for commission business, i.e. activities of customers
• Nonvaleurs for writing worthless papers off

For the supply of a deposit of securities the bank raises usually These are usually graduated according to height and kind of the existence. In particular the Verwahrung of giro-collect-kept papers is more favorable, than such in other kinds of safe-keeping.

Some direct banks as well as fund companies offer also free depot guidance.

Depot transfer

Existence of securities and funds can be transferred by means of a depot transfer by a depot to another. Here also a transmission of individual securities is possible apart from the transmission of the entire depot. For the depot transfer the bank may not require own fees.

Legal

Legal basis for the guidance of depots is the law on deposits of securities. To depots the legal rules for accounts apply similar. Like that an authentication examination is necessary in accordance with "§ 154 AO e.g. for the opening of depots. Also deposits of securities are announced in the context of the account call procedure.

See also: Depot right to vote, Depotbank

Articles in category "Deposit of securities"

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Related Websites

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• 00-132 Deposit of Securities Application
  TO DEPOSIT SECURITIES:. Fax one signed copy to the Comptroller at (512)463-5900. IF BY MAIL, mail three copies of this application to the Comptroller of ...


• Exhibit 5B Escrow Agreement for Deposit of Securities in Lieu of ...
  (1) Contractor has the option to deposit securities with Escrow Agent as a substitute for ... At all times, Contractor shall have on deposit securities the ...


• Exhibit 5B Escrow Agreement for Deposit of Securities in Lieu of ...
  Provides a means for the contractor to elect to deposit securities ... (1) Contractor has the option to deposit securities with Escrow Agent as a substitute ...