Template:Csa Representations summ: Difference between revisions

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(Created page with "====Clearing system liens=== In these modern, dematerialised times, the securities in a clearing system — that is, pretty much ''all'' securities — exist only as entries in a ledger maintained by the clearing system. The individual securities are no longer — have not for decades been — security-printed, physical things. (See common depositary for more about this: it is a topic that thrills a certain type and drives others to dis...")
 
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====Clearing system liens===
====Clearing system liens====
In these modern, [[Dematerialised|dematerialised]] times, the [[securities]] in a [[clearing system]] — that is, pretty much ''all'' securities — exist only as entries in a ledger maintained by the [[clearing system]]. The individual securities are no longer — have not for decades been — security-printed, physical things. (See [[common depositary]] for more about this: it is a topic that thrills a certain type and drives others to distraction.)
In these modern, [[Dematerialised|dematerialised]] times, the [[securities]] in a [[clearing system]] — that is, pretty much ''all'' securities — exist only as entries in a ledger maintained by the [[clearing system]]. The individual securities are no longer — have not for decades been — security-printed, physical things. (See [[common depositary]] for more about this: it is a topic that thrills a certain type and drives others to distraction.)


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