Clearing and Settlement
The Central Registry of Securities for all members of the Central Registry takes on fulfillment of monetary liabilities and fulfillment of obligation to transfer securities arising from transactions concluded on the Stock Exchange or other regulated public market.
The Registry performs the following activities:
- registration and maintenance of securities, i.e. information on securities, security ownership and all transactions transferring the ownership or other changes in the status of securities, both material and non material form
- registration and maintenance of information defining the ownership or other rights incorporated, both in material and non material securities
- record-keeping of the issuer accounts, i.e. accounts of security owners, and issuing of certificates on status and changes in those accounts
- transfers, depositing, settlement and clearing activities arising from transactions with securities!
The Central Registry is a unique database on all securities that are traded on the securities market, and especially the database of those data pertaining to the registration of ownership and changes of ownership of the securities. This database has to include all securities. Transactions concluded on the BLSE are settled on T+3.
Read more about this topic: Banja Luka Stock Exchange
Famous quotes containing the words clearing and/or settlement:
“Usually the scenery about them is drear and savage enough; and the logger’s camp is as completely in the woods as a fungus at the foot of a pine in a swamp; no outlook but to the sky overhead; no more clearing than is made by cutting down the trees of which it is built, and those which are necessary for fuel.”
—Henry David Thoreau (1817–1862)
“A Settlement is above all a place for enthusiasms, a spot to which those who have a passion for the equalization of human joys and opportunities are early attracted.”
—Jane Addams (1860–1935)