Book-Entry Securities

Definition: Securities not represented by a certificate. Definition: [crh] Securities which are not represented by paper certificates but are maintained in computerized records at the FedDefinition: in the names of member banks, which in turn keep computer records of the securities they own as well as those they are holding for custDefinition: omers. In the case of other securities where a book-entry has developed, certificates reside in a central clearinghouse or are held by aDefinition: nother agent. These securities do not move from holder to holder.

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