The work of the Stock Exchange

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Monograph

Identifikator:: 1831284952

URN:: urn:nbn:de:zbw-retromon-225876

Document type:: Monograph

Author:: Meeker, James Edward http://d-nb.info/gnd/126597340

Title:: The work of the Stock Exchange

Edition:: Revised edition

Place of publication:: New York

Publisher:: The Ronald Press Company

Year of publication:: [1930]

Scope:: XVI, 720 Seiten; Illustrationen, Diagramme

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XIII. Security delivieries, loans, and transfers

Collection:: Economics Books

356 THE WORK OF THE STOCK EXCHANGE the Stock Clearing Corporation accepts no responsibility for the form of securities delivered through its Central Delivery Department. The third form of the credit list thus constitutes a receipt for the deliverer’s messenger, for the delivery of the securities to the Central Delivery Department. Its first form is retained for the files of that Department, while the second form is sent to the Day Branch cage of the delivering member in order that the money value of the security deliveries upon it may be entered as a credit in his account there.® Central Delivery Department.— The inside office of the Central Delivery Department is provided with tables for sort- ing securities, and racks of boxes for temporarily filing securi- ties in process of being sent to Stock Exchange firms. When the security certificates come in at the receiving windows and have been counted and receipted for, they are sorted out on the tables according to the different firms to whom they are going. The security certificates composing a given delivery, together with the accompanying charge ticket, are placed in the box of the firm which is due to receive them. After the delivering member’s messenger has delivered the securities from his firm to the receiving windows of the Central Delivery Department as above described, he then goes to its delivering windows in order to obtain there the securities which all other Stock Exchange farms are delivering through the De- partment to his firm as a receiving member. These securities are already assembled in his firm's box in the inner office. At the delivering window allocated to his firm, the. messenger’s identity must first be established; this is done by means of the special card which he must carry. The messenger then receives the security certificates through the window, and after counting them signs the second form of the triplicate charge ticket attached to the security certificates composing each security delivery which he is receiving. The third forms of these charge tickets, attached to the security certificates themselves, the mes- 5 See Chapter XIV. pn. 392.

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