A method of registering and transferring ownership of securities electronically which eliminates the need for physical certificates.
In lieu of receiving the Registered Bond Certificate, securities are frequently available in Book Entry Form. The certificate is held by a central securities depository, and the investor receives only a receipt as evidence of ownership instead of an engraved certificate. The bond will be held in the account at the financial institution. See Bond Form.
A method of registering and transferring ownership of a bond electronically that eliminates the need for the physical transfer of securities CALL/CALLDATE/CALL PRICE/CALL PREMIUM A call is the action taken by the issuer to pay the principal amount of the bond outstanding on a date prior to the stated maturity; this can only occur on the call date(s) as fully stated in the official statement that describes all pertinent features of the security. This redemption occurs at the call price of par or at a stated premium to par.
a record or ownership that identifies the owner of an interest in an obligation
The most common way in which municipal bonds are now issued. A single "global" certificate is created for each issue and ownership is electronically entered on the bond depository's records. Ownership is verified by confirmation and periodic account statements.
Most bonds are issued in book entry form, which means that there is no physical bond certificate. Bond ownership is evidenced by a trade confirmation issued by the broker/dealer, and by the monthly statements that the brokerage firm provides.
Is the process or the name given to securities whose ownership and transfer occurs on a computer system. For treasuries and agencies this system is maintained by the Federal Reserve.
An electronic issuance and transfer system for securities transactions, such as that maintained by the Federal Reserve System. Unless otherwise stated in the prospectus supplement, Fannie Mae REMICs are issued in book-entry form.
A security transaction that is completed by a credit and debit to the seller's and buyer's books, correspondingly, for the security and is reversed for money transfer. The actual security may exist as a piece of paper in a centralized clearing house, or its existence may be limited to an entry on the computer of the Treasury.
Securities registered by the issuer usually in computerised form and for which there are no physical issues. This method reduces paperwork expenses and simplifies transfer of ownership. EUROCLEAR and CEDEL, originally set up as clearing systems for Eurobonds, currently clear government bonds of several European countries in book entry form.
electronic entries to change ownership
A method of recording and transferring ownership of securities electronically, eliminating the need for physical certificates.
Electronic record of ownership of Treasury and agency securities as opposed to receipt of a security’s certificate.
An electronic record of ownership of Treasury or other securities.
Today, most stocks and bonds are issued only in book entry form; that is, no physical certificate is delivered, even if the owner requests one. Instead, ownership is evidenced by a trade confirmation issued by the brokerage firm through which the stock or bond was purchased, and by the monthly statements the brokerage firm provides.
A system of security ownership in which the ownership is held as a computer entry on the records of a central company for its owner. The bond owner gets a computer printout as proof of ownership.
An electronic system of keeping records of ownership of shares and bonds so that all records are computerised. In the UK, the major examples of book entry systems are the CGO gilts register and CREST.
Book entry is a system of tracking ownership of securities where no certificate is given to investors. In the case of book-entry-only (BEO) issues, while investors do not receive certificates, a custodian holds one or more global certificates. Dematerialized securities, in contrast are ones in which no certificates exist (instead, the security issuer or its agent keeps records, usually electronically, of who holds outstanding securities).