Dematerialised securities: Difference between revisions
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{{g}}“[[Dematerialised securities|Dematerialised]]” [[securities]] or [[Financial instrument|financial instruments]] are those which have swallowed the blue pill, jacked themselves into the Matrix, and gone digital, no longer having earthly existence as a security printed, paper “[[Res extensa|thing]]”. | {{g}}“[[Dematerialised securities|Dematerialised]]” [[securities]] or [[Financial instrument|financial instruments]] — AKA [[book-entry securities]], because they only exist as entries in the [[books and records]] of a depositary organisation and don’t have other corporeal form as “[[res extensa]]” — are those which have swallowed the blue pill, jacked themselves into the Matrix, and gone digital, no longer having earthly existence as a security printed, paper “[[Res extensa|thing]]”. | ||
That is, in this day and age, pretty much all of them. | That is, in this day and age, pretty much all of them. | ||
Revision as of 04:29, 30 December 2019
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“Dematerialised” securities or financial instruments — AKA book-entry securities, because they only exist as entries in the books and records of a depositary organisation and don’t have other corporeal form as “res extensa” — are those which have swallowed the blue pill, jacked themselves into the Matrix, and gone digital, no longer having earthly existence as a security printed, paper “thing”.
That is, in this day and age, pretty much all of them.