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:
“A fact is a proposition of which the verification by an appeal to the primary sources of our knowledge or to experience is direct and simple. A theory, on the other hand, if true, has all the characteristics of a fact except that its verification is possible only by indirect, remote, and difficult means.”
—Chauncey Wright (1830–1875)
“As for your friend, my prospective reader, I hope he ignores Fort Sumter, and “Old Abe,” and all that; for that is just the most fatal, and, indeed, the only fatal weapon you can direct against evil ever; for, as long as you know of it, you are particeps criminis. What business have you, if you are an “angel of light,” to be pondering over the deeds of darkness, reading the New York Herald, and the like.”
—Henry David Thoreau (1817–1862)
“... so long as the serpent continues to crawl on the ground, the primary influence of woman will be indirect ...”
—Ellen Glasgow (1873–1945)
“To me heaven would be a big bull ring with me holding two barrera seats and a trout stream outside that no one else was allowed to fish in and two lovely houses in the town; one where I would have my wife and children and be monogamous and love them truly and well and the other where I would have my nine beautiful mistresses on nine different floors.”
—Ernest Hemingway (1899–1961)
“People stress the violence. That’s the smallest part of it. Football is brutal only from a distance. In the middle of it there’s a calm, a tranquility. The players accept pain. There’s a sense of order even at the end of a running play with bodies stewn everywhere. When the systems interlock, there’s a satisfaction to the game that can’t be duplicated. There’s a harmony.”
—Don Delillo (b. 1926)