Home > Term: trust-vault clerk
trust-vault clerk
A professional who compiles security transaction records and receives and delivers securities to and from trust vault. Responsibilities include:
- Opens combinations on cabinets in vault.
- Examines securities deposited for safekeeping, verifies descriptions and signatures, and files securities according to customer names and account number.
- Records securities transactions including purchases, exchanges, and stock splits to maintain control of customer accounts.
- Releases securities from vault upon authorized request.
- Acts as agent for bank by observing bank auditors auditing securities in vault.
- May examine collateral to ensure conformity with loan specifications.
- Sõnaliik: noun
- Valdkond/domeen: Professional careers
- Category: Occupational titles
- Company: U.S. DOL
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Looja
- Jason F
- 100% positive feedback
(United States of America)