Monetary Authority of Singapore Act 1970 · 2020 Revised Edition · Part 5A · Book-Entry Securities Issued by Authority
133. Interpretation of this Part
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In this Part, unless the context otherwise requires —“book-entry MAS securities” means any securities issued by the Authority under this Part in the form of an entry in the records of the Authority;“depositary institution” means a financial institution approved by the Authority which regularly —
accepts in the course of its business book‑entry MAS 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 MAS 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 MAS securities —
as collateral for loans or advances; or
to secure 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.
“book-entry MAS securities” means any securities issued by the Authority under this Part in the form of an entry in the records of the Authority;
“depositary institution” means a financial institution approved by the Authority which regularly —
accepts in the course of its business book‑entry MAS 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 MAS 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 MAS securities —
as collateral for loans or advances; or
to secure 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.