Safekeeping

We offer the safekeeping of securities at BNY Mellon in a segregated account. This service includes:

  • Issuance of safekeeping receipts
  • Timely principal and interest payments
  • Credit Advices issued in advance of payment on principal, interest, maturities, etc. giving you a description of security, amount, due date of payment and disposition of funds.
  • Access to Federated’s Government Obligation Fund and Treasury Obligation Fund for the investment of temporary cash balances
  • Monthly statements showing holdings, activity, and balances