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effectendepot

12:36 Nov 1, 2009

This question was closed without grading. Reason: No acceptable answer

Dutch to English translations [PRO]
Finance (general)

Dutch term or phrase: effectendepot

"De aandelen worden afgeschreven van jouw effectendepot en de opbrengst bijgeschreven op jouw effectenrekening."

In a text about employee share purchase plans. I'm translating "effectenrekening" as "securities account" but don't know what to do with "effectendepot." This would be, as I understand it, a bank account where the employee's contributions are deposited. What would be the financial term for this?

Suzan Hamer KudoZ activity Questions: 53 (none open) (7 closed without grading) Answers: 199 Netherlands
Local time: 16:11

Summary of answers provided

central securities depository

Kitty Brussaard

Answers

8 hrs confidence:

central securities depository

Explanation:
I'm not absolutely sure, but this could refer to what is commonly known as a 'central securities depository'.
See the links below and the previous Kudoz question on 'depository name'.

If a shareholder does not elect to receive dividend from one of the above, a default procedure will apply based primarily on the domicile of the shareholder (for registered shares) or of the Central Securities Depository with which the shareholders’ bank has deposited the shares (in the case of shares held in securities account), with Belgian residents receiving solely Belgian dividends and Dutch residents receiving solely Dutch dividends.
http://reports.fortis.com/2007/ar/financialstatements/genera...

Indien aandelen op naam behoren tot een verzameldepot of een girodepot in de zin van de Wet giraal effectenverkeer, geldt het in de vorige zin bepaalde voor de betrokken aangesloten instelling, respectievelijk het centraal instituut.

Where registered shares belong to a collective securities deposit or a dematerialised securities deposit within the meaning of the Securities Giro Act, the provisions of the preceding sentence shall apply to the relevant affiliated institution or the central securities depository respectively.
http://shareholder.api.edgar-online.com/efx.../edgarpro.dll?...

Reference: http://nl.wikipedia.org/wiki/Central_Securities_Depository
Reference: http://www.proz.com/kudoz/english_to_dutch/business_commerce...

Kitty Brussaard
Netherlands
Local time: 16:11
Works in field
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