Financial and business terms. 2012.
CREST Member — A CREST participant holding dematerialised stock (see dematerialised holdings) in stock accounts. A member is the legal owner of the securities and will appear in the company register. Typical Crest members include market makers, broker dealers,… … Financial and business terms
escrow account — In takeover situations this is a CREST facility which permits dematerialised stock ( dematerialised holdings) to be transferred on behalf of accepting shareholders into this special account. The stock remains in the name of the holder, but under… … Financial and business terms
stock deposit — This is a transaction to deposit stock currently in paper form ( i.e. held outside CREST) into dematerialised form within a CREST Member account ( CREST Member Accounts). See dematerialised holdings. Dresdner Kleinwort Wasserstein financial… … Financial and business terms
stock withdrawal — This is a transaction to withdraw stock held within CREST in dematerialised form ( dematerialised holdings) for holding outside CREST in paper form. Dresdner Kleinwort Wasserstein financial glossary … Financial and business terms
Register Update Request — ( RUR) This is a CREST instruction sent to a company registrar requesting that the register is amended to reflect a trade conducted. The registrar must register or reject within two hours of receiving this request. The registrar must be able to… … Financial and business terms
CREST — is CrestCo s real time settlement system for UK and Irish shares and other corporate securities. CrestCo has provided settlement systems for government bonds and money market instruments in the UK since 1990. Bloomberg Financial Dictionary The… … Financial and business terms
Demat account — The term Demat, in India, refers to a dematerialised account for individual Indian citizens to trade in listed stocks or debentures, required for investors by The Securities Exchange Board of India (SEBI). In a demat account, shares and… … Wikipedia
