Full text: The work of the Stock Exchange

352 THE WORK OF THE STOCK EXCHANGE 
Accordingly in 1929, a Central Delivery Department was 
established in the Stock Clearing Corporation headquarters in 
the ground floor of the Stock Exchange building, beside the 
older Day Branch offices there. The functions of this Central 
Delivery Department in general resemble those of the Night 
Branch Distributing Department, except that the Central De- 
livery Department handles actual security certificates and the 
[~~ 
CHARGE TICKET 
Delivery Between Members, Through Central Delivery Department 
- and Clearing Number of Delivering Member 
STOCK CLEARING CORPORATION 
(DAY BRANCH) LH 9 
New York 
/N 
NAME OF RECEIVING MEMBER 
| Shores 1 
Dende 
9rd 
Securit 
Valve 
dt Co. [300 % 
2.00608 coe. 1501 45lo0d] 
On Stock Clearing Corporation Security Balance Order 
Delivered subject to the Rules of the Stock Clearing Corporation 
Total Delivery 
Delivered—— 
Bal. to Deliver 
Charge to the Account of Receiving Member 
— 
Figure 35a. Charge Ticket—foPm sent to receiver’s cage in Day Branch, 
S.C. C. 
tickets pertaining to them, instead of merely exchange and 
comparison tickets and sales memoranda. 
When a clearing member delivers securities through the 
Central Delivery Department, he attaches to each security de- 
livery (which may of course consist of more than one security 
certificate) a special “charge ticket” for delivery between mem- 
bers through that Department (Figure 35). This ticket is 
inscribed with the name and clearing number of the delivering 
member, the date, the name of the receiving member, the 
amount and identity of the securities delivered, their price. and
	        
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