Singapore legislation
Section 17
Section 17
Interpretation of this Part
In this Part, unless the context otherwise requires —“depositary institution” means a financial institution approved by the Authority which regularly —
accepts in the course of its business book‑entry Government securities by way of a custodial service for its customers; and
maintains accounts in the names of its customers reflecting ownership or interest in such book‑entry Government securities;“depositor” means any person in whose name an account is established and maintained on the records of the Authority;“pledge” includes a pledge of, or any security interest in, book‑entry Government securities —
as collateral for loans or advances; or (b)to secure deposits of public moneys or the performance of an obligation;“security interest” means an interest, not being an interest arising from a trust, in property which secures the payment of a debt or performance of an obligation.
Definition
“depositary institution” means a financial institution approved by the Authority which regularly —
accepts in the course of its business book‑entry Government securities by way of a custodial service for its customers; and
maintains accounts in the names of its customers reflecting ownership or interest in such book‑entry Government securities;
Definition
“depositor” means any person in whose name an account is established and maintained on the records of the Authority;
Definition
“pledge” includes a pledge of, or any security interest in, book‑entry Government securities —
as collateral for loans or advances; or (b)to secure deposits of public moneys or the performance of an obligation;
Definition
“security interest” means an interest, not being an interest arising from a trust, in property which secures the payment of a debt or performance of an obligation.