When securities are maintained by computerized records; settlement system which effects the transfer of securities and/or cash proceeds between two accounts (usually at a depository or central bank) rather than by physical delivery see also: Street name
A system of tracking securities ownership where no certificate is issued Instead, the security issuer keeps records, usually electronically, of who holds outstanding securities 223
A system of security ownership in which the ownership is held as a computer entry on the records of a central company for its owner The bond owner gets a computer printout as proof of ownership