With respect to securities included in the new system, a member bank could deposit Treasury securities (in bearer or registered form) to its book-entry accounts, withdraw securities (in bearer or registered form) from its accounts, order a transfer of book-entry securities
to a book-entry account of another member bank at the same Federal Reserve Bank, or order a Commissioner of Public Debt transfer of securities held in book-entry form.
In this connection the SECP has recently approved a project of "Automation of Securities Settlement" which has jointly been implemented by NCCPL and CDC to facilitate the market participants to automate the mechanism for settlement of book-entry securities
by eliminating the need for any manual intervention.
The Federal Reserve and the Treasury explored ways to reduce the amount of time and paperwork associated with these transactions, and in January 1968 the Banks introduced book-entry securities
safekeeping and transfer.
Stock option certificates shall, upon request, be delivered to the stock option owner at the start of the relevant share subscription period unless the stock options have been transferred to the book-entry securities
Prices across all electronic payment services will decline 5 percent in 2002, reflecting lower prices for Fedwire funds and book-entry securities
When the proper securities are identified, the securities are purchased as book-entry securities
From 1994 to 1996, she served as a senior consultant in Legal Risk Management for the Participants Trust Company (PTC), analyzing legal risk concerns and constructing a program for clearing, custody, financing and settlement of Federal Reserve book-entry securities
held at PTC, as well as conducting an analysis of payment systems risk submitted to the Federal Reserve Bank of New York.
The CDC will automate the mechanism for settlement of book-entry securities
at the CDC through straight-through processing solution while eliminating the need for any manual intervention.
In addition, the Board has decided to retain the $50 million limit on the value of book-entry securities
The software applications that were modified by the Reserve Banks to meet the needs of local customers are being replaced by a single application for funds transfers and a single application for book-entry securities
If mortgages designate the clearinghouse as the mortgagee of record in the manner that book-entry securities
are listed in the name of a primary bank having a book-entry account with a Federal Reserve Bank on behalf of the true investor, the clearinghouse will receive important notifications affecting the mortgage lien; for example, notices of foreclosure of junior liens, notices of federal asset forfeiture actions, bankruptcy notices and notices of environmental actions affecting the underlying property.
Finally, also as previously announced, the United States Treasury book-entry securities
representing stripped-interest coupons held by The Bank of New York Trust Company, N.