Book-Entry

Book-Entry

Registered ownership of stock without the issuance of a corresponding stock certificate, as is the case with dividend reinvestment and direct purchase plans, employee plans and Direct Registration System issuances. Periodic statements of ownership are issued instead of certificates.

Book-Entry

1. A certificate of ownership in a security that is maintained electronically. Rather than printing paper certificates, issuers of securities sometimes rely upon book-entries to reduce the risk of theft or destruction of the certificate.

2. Describing a security that has book-entries rather than paper certificates.
References in periodicals archive ?
At SEC securities immobilization workshops held in 1985, participants concluded that the immobilization of corporate debt, rather than equity, was a next logical step in the introduction of global book-entry following the success in the municipal debt market.
In 1968, the Treasury first offered investors the option of holding their Treasury securities in book-entry form.
This reverse share split will be carried out by redeeming without compensation, in deviation from the proportional shareholdings of shareholders as set out in the Chapter 15, Section 9 of the Companies Act, from every shareholder of Citycon a number of shares corresponding to the result of multiplying the number of shares on each book-entry account on the reverse split date by a coefficient of 4/5, implying that for each existing five shares, four shares will be redeemed.
Upon the closing, the subscription agent will distribute, by way of direct registration in book-entry form or through the facilities of DTCC, as applicable, shares of Series 5 Convertible Preferred Stock and warrants to purchase common stock to holders of rights who have validly exercised their rights and paid the subscription price in full.
According to the company, "Holders of shares of InSite common stock that did not tender their shares into the tender offer will receive by mail written instructions for surrendering their share certificates or transferring their book-entry shares, including a letter of transmittal, and information regarding the exercise of appraisal rights under the Delaware law."
In addition, the company's board has proposed that the reverse share split be carried out by redeeming without compensation, in deviation from the proportional shareholdings of shareholders as set out in the Chapter 15, Section 9 of the Companies Act, from every shareholder a number of shares corresponding to the result of multiplying the number of shares on each book-entry account on the reverse split date by a coefficient of 4/5, i.e for each existing five shares, four shares will be redeemed.
In accordance with the terms and conditions of the Offering, the subscriptions made without subscription rights (secondary subscription) will be allocated per book-entry account in proportion to the number of subscription rights used as well as the number of Offer Shares subscribed for, and will be recorded on the subscriber s book-entry account directly as ordinary shares on or about 25 September 2014.
Simultaneously, the Reserve Banks, still acting as fiscal agents of the United States, create "book-entry securities"--computer records of the securities--rather than issue paper certificates.
The largest shareholders were determined on the basis of the shareholdings registered in the Finnish and Swedish book-entry systems on 31 August 2018.
From August 21, 2014, the start of the NBC Bank OJSC ordinary registered book-entry shares placement at Baku Stock Exchange CJSC (BSE) is planned to be held.
These arrangements involve two types of specialized financial intermediaries, collectively termed clearing organizations: (1) clearinghouses, which perform multilateral netting of purchase and sales contracts and in many cases provide trade comparison services, and (2) depositories, which immobilize or dematerialize securities and in many cases integrate a book-entry securities transfer system with a money transfer system.