Government Securities (Debt Market and Investment) Act 1992 · 2020 Revised Edition · Part 5 · Book‑Entry Government Securities and Treasury Bills
17. Interpretation of this Part
Feedback & supportIn this Part, unless the context otherwise requires —“depositary institution” means a financial institution approved by the Authority which regularly —
financial institution
“financial institution” means any person licensed, approved, registered or regulated by the Authority, or exempted from such licensing, approval, registration or regulation, under any written law administered by the Authority;
accepts in the course of its business book‑entry Government securities by way of a custodial service for its customers; and
book‑entry Government securities
“book‑entry Government securities” means any stock or bond issued in Singapore under Part 5 in the form of an entry on the records of the Authority;
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.
“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.