Crest

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CREST

CREST is CrestCo's real-time settlement system for UK and Irish shares and other corporate securities. CrestCo has provided settlement systems for government bonds and money market instruments in the UK since 1990.

CREST

The central securities depository for many British and Irish securities. In particular, it is used to settle gilts in the United Kingdom. Using CREST carries tax advantages for U.K. investors. It allows shares to be traded between investors without the physical certificates needing to change hands. Euroclear has owned it since 2002.

Crest

a paperless settlement system which was introduced in 1996 to cut the costs and speed up the completion of dealings on the UK STOCK MARKET. Under Crest, STOCK and SHARE transactions are recorded electronically, in contrast to the existing parallel system (TALISMAN) which involves the issue of settlement papers and share certificates. However, as with Talisman, investors will still receive a contract note from their broker to confirm their purchase or sale.

Crest

see SHARE PURCHASE/SALE.
References in periodicals archive ?
This open space land, much of which could have been developed, is a substantial acquisition for the residents of Gunnison County and especially the towns of Gunnison, Crested Butte, and Mt.
Trotter said the waste water treatment plant, which will become operational in Crested Butte in August will not only treat 100,000 gallons of waste water daily but will also function as a laboratory facility for testing water quality.
Consummation of the merger is subject to execution of definitive documents; USE delivering to the Crested minority shareholders a proxy statement/prospectus (following declaration of effectiveness by the SEC of a Form S-4 to be filed by USE with the SEC) for a special meeting of the Crested shareholders; approval of the merger by the holders of a majority of the minority Crested shares; and satisfaction of customary representations and warranties to be contained in the definitive documents.
Crested Butte: From Coal Camp To Ski Town by western historian and author Duane A.