12:23 Jul 23, 2011 |
Spanish to English translations [PRO] Bus/Financial - Law (general) / Articles of association | |||||
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5 | maintaining the Accounting/Book Entry Records (SEE BELOW) |
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3 | the keeping of the Accounting Record |
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the keeping of the Accounting Record Explanation: There are many ways to express this. By "llevanza" I assume what is meant is the keeping or recording of this record or registry. Mike |
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maintaining the Accounting/Book Entry Records (SEE BELOW) Explanation: I prefer Book Entry Records to Accounting Records. These people (IBERCLEAR) were clients of mine for many years. Las acciones estarán representadas por medio de anotaciones en cuenta, rigiéndose por la normativa del mercado de valores. La llevanza del Registro Contable corresponderá a la Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A. (Iberclear) y a sus entidades participantes Shares shall be represented by book enty, governed by securities market legislation, and Soc...S.A. and its member entities shall be responsible for maintaining Accounting/Book Entry Records. -------------------------------------------------- Note added at 1 hr (2011-07-23 14:03:50 GMT) -------------------------------------------------- that should be book entry -------------------------------------------------- Note added at 4 hrs (2011-07-23 16:26:28 GMT) -------------------------------------------------- The Treasury and federal agencies are moving to a book-entry system in which securities are not represented by engraved pieces of paper but are maintained in computerized records at the Fed in the names of member banks, which in turn keep records of the securities they own as well as those they are holding for customers. In the case of other securities where a book-entry has developed, engraved securities do exist somewhere in quite a few cases. These securities do not move from holder to holder but are usually kept in a central clearinghouse or by another agent. http://www.insuranceage.co.uk/professional-broking/analysis/... |
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