GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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10:59 Apr 13, 2005 |
Italian to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: Jonathan Morris | ||||||
Grading comment
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Summary of answers provided | ||||
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4 +1 | centralised book entry management system |
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centralised book entry management system Explanation: just means centralised custody system for securities http://www.montetitoli.it/index.php?dir=prodotti-sergest&pag... -------------------------------------------------- Note added at 13 mins (2005-04-13 11:13:16 GMT) -------------------------------------------------- the dematerializzazione refers to the fact that securities are issued in paperless form (i.e. no physical record of ownership as there was when paper certificates were issued and had to change hands for shares to be traded). This paperless form of custody is usually called a \'book entry\' or \'electronic book entry\' system. |
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