The direct holding system is a traditional system of securities clearance, settlement and ownership in which owners of securities had a direct relationship with the issuer. Investors would either be recorded on the issuer's register or be in physical possession of bearer securities certificates.
Read more about Direct Holding System: Disadvantages, Indirect Holding System, New Direct Holding System
Famous quotes containing the words direct, holding and/or system:
“At the utmost, the active-minded young man should ask of his teacher only mastery of his tools. The young man himself, the subject of education, is a certain form of energy; the object to be gained is economy of his force; the training is partly the clearing away of obstacles, partly the direct application of effort. Once acquired, the tools and models may be thrown away.”
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“What a large volume of adventures may be grasped within this little span of life by him who interests his heart in every thing, and who, having eyes to see, what time and chance are perpetually holding out to him as he journeyeth on his way, misses nothing he can fairly lay his hands on.”
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—Socrates (469–399 B.C.)