Direct and Indirect Holding Systems
In a direct holding system, participants hold the underlying securities directly. The settlement system does not stand in the chain of ownership, but merely serves as a conduit for communications of participants to issuers.
Read more about this topic: Settlement (finance)
Famous quotes containing the words direct and, direct, indirect, holding and/or systems:
“In Europe life is histrionic and dramatized, and ... in America, except when it is trying to be European, it is direct and sincere.”
—William Dean Howells (1837–1920)
“I should say that the most prominent scientific men of our country, and perhaps of this age, are either serving the arts and not pure science, or are performing faithful but quite subordinate labors in particular departments. They make no steady and systematic approaches to the central fact.... There is wanting constant and accurate observation with enough of theory to direct and discipline it. But, above all, there is wanting genius.”
—Henry David Thoreau (1817–1862)
“God knows, my son,
By what by-paths and indirect crooked ways
I met this crown.”
—William Shakespeare (1564–1616)
“The child hand raised to reach the holding hand. Hold the old holding hand. Hold and be held.”
—Samuel Beckett (1906–1989)
“The only people who treasure systems are those whom the whole truth evades, who want to catch it by the tail. A system is just like truth’s tail, but the truth is like a lizard. It will leave the tail in your hand and escape; it knows that it will soon grow another tail.”
—Ivan Sergeevich Turgenev (1818–1883)