Multiple choice general knowledge

An agreement to compensate for damage or loss. (Custodians sometimes offer it to lending customers in a variety of forms.)

  1. Indemnification

  2. Immobilisation,

  3. Imprinter

  4. Integrity

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Indemnification is a contractual agreement where one party agrees to compensate another for any losses or damages that may occur. In banking, custodians often provide indemnification to lending customers to protect against potential losses from securities lending activities. The other options refer to different concepts: immobilisation relates to immobilizing securities, imprinter is a device, and integrity refers to data accuracy.