CREST

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

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The CREST settlement system was launched in July 1996 to replace TALISMAN, the settlement system operated by the Stock Exchange which ceased to operate in April 1997. CREST is owned by CrestCo Limited, an independent service company owned by a consortium of market participants. CREST is an RCH (see Recognised Clearing House). CREST currently permits certificated and uncertificated settlement (see dematerialised holdings), of UK and Irish equities and corporate loan stocks. CREST's benefits are more apparent as a paperless system facilitating faster settlement including T + 0. Dresdner Kleinwort Wasserstein financial glossary

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CREST is Euroclear UK & Ireland's real-time settlement system for UK and Irish shares and other corporate securities. Euroclear Clearing and Settlement glossary

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The paperless share settlement system through which trades executed on the Exchange's markets (and elsewhere) can be settled. CREST is operated by CRESTCo, and was introduced in 1996.

See settlement. London Stock Exchange Glossary

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CREST CREST [krest] noun

FINANCE in Britain and Ireland, an electronic system of making payments when trading shares etc

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Crest UK US /krest/ trademark (also CREST)

► FINANCE, STOCK MARKET the electronic system through which the London Stock Exchange manages the buying and selling of stocks and shares