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A direct holding system is an arrangement for registering ownership of securities (or similar interests) whereby every final investor in the security is registered with a single entity (for example, the issuer itself, a CSD, or a registry). In some countries, the use of a direct holding system is required by law. The Direct Registration System ...
Cede and Company (also known as Cede and Co. or Cede & Co.) is a specialist United States financial institution that processes transfers of stock certificates on behalf of Depository Trust Company, the central securities depository used by the United States National Market System, which includes the New York Stock Exchange, and Nasdaq. [1]
There are three principal ways of holding securities: Stock certificate Before the use of electronic technology, all shares were held in certificated form, either . as registered shares, where the company maintained a register of owners of shares as well as issuing share certificates, and changes of ownership were registered, or
The indirect holding system (also multi-tiered holding system) is a system of securities clearance, settlement and ownership system where ownership information is held electronically as a book entry. It consists of one or more tiers of intermediaries between issuer and investor.
A bank holding company is faced with the costs of meeting the accounting, record-keeping and reporting requirements imposed by the Board of Governors of the Federal Reserve. Other regulatory costs
A subsidiary, subsidiary company, or daughter company [1] [2] [3] is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company.
Technically, a holding pattern is a defined area of airspace in which an aircraft enters a circular or racetrack-shaped route that it repeats for a certain period to delay its descent toward the ...
The Convention is largely a response to the move in recent times in most nations from a purely direct holding system to a mixed direct and indirect holding system.The reforms, though largely beneficial, have created an alarming level of uncertainty as to the question of "what law applies" in cross-border securities transactions.