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.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter I. The evolution of securities

Collection:: Economics Books

26 THE WORK OF THE STOCK EXCHANGE due. In Continental countries where the people do not ordi- narily maintain checking accounts at the banks, registered cer- tificates usually provide coupons for the collection of interest or dividends; in other cases, registered certificates are stamped at the banks for such payments. Tob ttoeRovvina, Lol dim only m——————— je ; oe m— —— Ue) A Capital Sock petsesentiats: | Ho oiblin' Gnd ate andor hnelios nen Dade Ap aml afofhoont — __ 2 tn fans Ho saad stork om Ho DipehS of Holfon mamen Compar-uunis itl power oudhiasiin in Mospriomisns LL of (Pug. 2___ 1929 rtf / lesbois ¥ Co, ho az : — 1.4 ~ 2 2 3 3 2 15] gr | SF Ea g dd i E u 7} " : r E : a a r Lm =» = K I as HE = 8 © 3 B= so ER oa Figure 1. Assigment Form Methods of transferring registered securities vary greatly between different countries, and are often slow, expensive, and beset with formalities. In England, registered certificates are transferred by deed, like real estate. In America, very superior methods of transfer have evolved. On the back of Ameri- can registered certificates a blank assignment form is provided (Figure 1), which the seller whose name appears on the face of the certificate can sign. Once this signature is endorsed by a bank or a Stock Exchange firm, the certificate can be delivered in the market almost as freely as if it were in bearer form.

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