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Book-Entry Securities

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Book-Entry Securities
Securities that are recorded in electronic records called book entries rather than as paper certificates.

Also referred to as "book-entry receipt."

Notes:
Ownership of U.S. government book-entry securities is transferred over fedwire.


Book-entry securities
Securities which are not represented by paper certificates but are maintained in computerized records at the Fed in the names of member banks, which in turn keep computer records of the securities they own as well as those they are holding for customers. In the case of other securities where a book-entry has developed, certificates reside in a central clearinghouse or are held by another agent. These securities do not move from holder to holder.

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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.
The Company is entitled, regardless of whether the options have been offered to the Company or not, to have such options annulled on the basis of a resolution to such effect by the Board of Directors of the Company or to seek for transferral of such options from the subscriber's book-entry account to a book-entry securities account designated by the Company according to a decision or authorisation of the shareholders meeting of the Company.
The average value of government securities transfer activity peaks when the book-entry securities system opens at 8:30 a.
 
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