Clasps straps securing magazine (3,5)

I believe the answer is:

tie clips

'clasps' is the definition.

'straps securing magazine' is the wordplay.
'straps' becomes 'ties'.
'securing' indicates putting letters inside.
'magazine' becomes 'clip' ('clip' can be a synonym of 'magazine').
'ties' enclosing 'clip' is 'TIE-CLIPS'.

I've seen this clue in The Guardian.

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