Encyclopedia
Depository account
Custody account — custody accounts for mortgage-backed securities are maintained by depositories — professional market participants in securities, which have been issued a corresponding license in accordance with the procedure established by Federal Law No. 39-FZ of April 22, 1996 "On the Securities Market"1.
Federal Law No. 264-FZ dated December 22, 2008, "On Amending Federal Law "On Mortgage (Real Estate Pledge)" and Certain Legislative Acts of the Russian Federation" dated December 22, 2008, as amended on December 22, 2008, Article 1, subpara. d // RSZ RF. 2008. No. 52. Art. 6219. ↩