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| '''Book entry''' is a system of tracking ownership of ] where no ] 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 ], of who holds outstanding securities). | |||
| Most investors who use an online ] or even a regular full-service broker will have their shares held in book-entry form. This is generally convenient, as one does not have to preserve a physical stock certificates, and can buy/sell securities without turning certificates in or having new ones issued. Also, replacement costs for certificates are high in case one loses them, while book-entry ownership can never be lost thanks to technological backups. One possible negative is communications to beneficial owners from issuers. Since those communications are no çoyoçyo longer direct, but must now move through a chain of one or generally two or more intermediaries, the liklihood of the communication not reaching the beneficial owner as quickly and surely increases. | |||
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Revision as of 11:33, 26 October 2007
i am the best and fuck the rest
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