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certificate shares vs. book entry shares

Dutch translation: [ zie uitleg ]

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12:09 Mar 13, 2004
English to Dutch translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: certificate shares vs. book entry shares
Prompts voor een telefoonsysteem in het kader van een Employee Stock Purchase Plan.

Your dividend payment election is to receive cash on your certificate shares and your book entry shares will be reinvested.
Hans Hereijgers
Local time: 20:29
Dutch translation:[ zie uitleg ]
Explanation:
'Certificate shares' are shares for which certificates have been issued, so a long-winded translation would be 'aandelen waarvoor aandeelbewijzen zijn uitgegeven'. If there is a pithier translation than this, I don't know what it is. (Perhaps also worth mentioning here that 'share certificates' should not be confused with 'certificaten van aandeel', which are depositary receipts.)

'Book entry shares', on the other hand, are shares whose ownership is only recorded in a register held by the company. These are 'registeraandelen'.

-> "Registeraandelen Aandelen die in een centraal register staan ingeschreven. Registeraandelen zijn altijd aandelen op naam."
http://www.optiemonitor.com/tutorial/begrippenlijst/begrippe...

-> "Direct registration is a process that provides registered shareholders the ability to hold shares of stock in book-entry form. In Direct Registration, book-entry shares are registered in the shareholder’s name on the company’s books. Physical stock certificates are not issued unless requested by the shareholder."
http://www.nationalcity.com/corporate/StockTransfer/Sharehol...
Selected response from:

Chris Hopley
Netherlands
Local time: 20:29
Grading comment
Hartelijk bedankt Chris!
4 KudoZ points were awarded for this answer



Summary of answers provided
4[ zie uitleg ]
Chris Hopley


  

Answers


1 day22 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
[ zie uitleg ]


Explanation:
'Certificate shares' are shares for which certificates have been issued, so a long-winded translation would be 'aandelen waarvoor aandeelbewijzen zijn uitgegeven'. If there is a pithier translation than this, I don't know what it is. (Perhaps also worth mentioning here that 'share certificates' should not be confused with 'certificaten van aandeel', which are depositary receipts.)

'Book entry shares', on the other hand, are shares whose ownership is only recorded in a register held by the company. These are 'registeraandelen'.

-> "Registeraandelen Aandelen die in een centraal register staan ingeschreven. Registeraandelen zijn altijd aandelen op naam."
http://www.optiemonitor.com/tutorial/begrippenlijst/begrippe...

-> "Direct registration is a process that provides registered shareholders the ability to hold shares of stock in book-entry form. In Direct Registration, book-entry shares are registered in the shareholder’s name on the company’s books. Physical stock certificates are not issued unless requested by the shareholder."
http://www.nationalcity.com/corporate/StockTransfer/Sharehol...

Chris Hopley
Netherlands
Local time: 20:29
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 41
Grading comment
Hartelijk bedankt Chris!
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