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:
“He had a whole heaven and horizon to himself, and the sun seemed to be journeying over his clearing only the livelong day.”
—Henry David Thoreau (1817–1862)
“Before I get through with you, you will have a clear case for divorce and so will my wife. Now, the first thing to do is arrange for a settlement. You take the children, your husband takes the house, Junior burns down the house, you take the insurance and I take you!”
—S.J. Perelman, U.S. screenwriter, Arthur Sheekman, Will Johnstone, and Norman Z. McLeod. Groucho Marx, Monkey Business, terms for a divorce settlement proposed while trying to woo Lucille Briggs (Thelma Todd)