Nuchal crest financial definition of nuchal crest
Crest (redirected from nuchal crest)
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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 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.