Securities Safekeeping

The Securities Safekeeping and Settlement Program is designed to provide a safe and economical way to settle and store your securities. MCCU can safely keep any security that has a maturity date.

• All settlements are handled on the Delivery vs. Payment method (DVP). DVP is a security delivery method where payment for the purchase of a security is not made until the security is received. When a security is sold, the security is not released until payment is received.
• A Bailment For Hire Agreement must be on file with Missouri Corporate prior to participation in the program. This protects the credit union.
• Interest payments on securities are credited to your Overnight Share Account.
• Current par values for mortgage-backed securities and market values on all securities can be received monthly.
• Securities can be re-registered as needed; negotiability documents are available upon request.
  Your Corporate Statement will confirm all security activity.
  

Securities Safekeeping is provided by Alaska USA. Please contact Missouri Corporate’s Julie Chapin at jchapin@mocorpcu.coop for more details.