Introduced in 1996, this is a computerised system to settle up share purchases. No more bits of paper passing hands any more.
The CREST settlement system was launched in July 1996 to replace TALISMAN, the settlement system operated by the Stock Exchange which ceased to operate in April 1997. CREST is owned by CrestCo Limited, an independent service company owned by a consortium of market participants. CREST is an RCH (see Recognised Clearing House). CREST currently permits certificated and uncertificated settlement (see Dematerialised Holdings), of UK and Irish equities and corporate loan stocks. CREST’s benefits are more apparent as a paperless system facilitating faster settlement including T + 0.
The electronic system whereby UK listed shares are registered on a computer. This means that no certificates are issued to shareholders and purchases and sales are effected instantaneously on the computer without paper. It also means that share registers are constantly updated.
The London Stock Exchange's computerised share trading system.
The UK computerised settlement system operated by CRESTCo Limited which facilitates the transfer of title to shares in uncertificated form.
A settlement system that allows you to hold share certificates in an electronic form.
The U.K. clearing and settlement organization. Allied with SIS. Web address: http://www.crestco.co.uk
The electronic system for settling share transactions, introduced in July 1997 by the London Stock Exchange, under which paper share certificates are no longer needed.
The system introduced in July 1996 by the securities industry through which transactions in securities are 'settled' (i.e. :concluded) by the payment of cash or by the delivery of securities against payment.
The UK system for the paperless settlement of trades in securities. It avoids the need for investors to hold share certificates, which when sold delay settlement.
Crest is the electronic share settlement system. With a Crest Personal Account your name stays on Companies' share registers, but the share are held electronically to your broker's order. In consequence, you do not deliver certificates and signtransfers when you sell shares as your borker will automatically deliver them to the market.
The system introduced in July 1996 for the electronic transfer of shares and cash to settle a transaction. CREST is now part of Euroclear PLC
CRESTCo, London, is the central securities depository for the UK market and Irish equities. It provides realtime settlement for a wide range of corporate and government securities, including those traded on the London and Irish Stock Exchanges and virt-x. CRESTCo and SIS SegaInterSettle ag have formed a strategic cooperation: TSN â€“ The Settlement Network. CREST, operational since 1996, is the realtime settlement system for British, Irish and international equities and government bonds.
A computerised system that enables the automated dealing of shares.
The settlement system for UK shares. The shares are traded in electronic form.
A system designed by the Bank of England for settlement of market transactions among broker-dealers and market-makers in corporate securities involving the minimum of paper flow
The centralised and paperless share settlement system by which trades executed can be settled
The London Stock Exchange's paperless share settlement system.
The electronic settlement system used by stockbroking firms since July 1996 and run by CRESTCo. It allows the transfer of shares for CREST eligible securities between CREST members and the ability to deliver payments against the movement of shares on the day of settlement. The register is then automatically updated accordingly.
Electronic stock clearing and settlement system in the UK.
CREST is an electronic system for settling the sale and purchase of shares. Membership is voluntary and is typically used by institutions and by individual investors who have a large portfolio or who buy and sell shares frequently. It enables shareholders to hold and transfer their shareholdings in electronic form rather than on paper. Because CREST is voluntary, shareholders who wish to retain their certificates can do so. There are costs associated with holding shares through CREST. For further information on the basic principles of CREST please write to: CRESTCo Limited Trinity Tower 9 Thomas More Street London E1 9YN England
The paperless share settlement system through which trades executed on the Exchange's markets can be settled. CREST is operated by CRESTCo, and was introduced in 1996. See Settlement.
An electronic settlement system for UK and Irish securities.
The new 'paperless' electronic system for settling share transactions, introduced in July 1996.
CRESTCo's The share dealing settlement system which can settle in dematerialised or certificated form. Introduced in July 1996.
Is a new electronic near-paperless settlement system. It has been introduced to speed up the time it takes to settle purchases and sales of shares. Under the old settlement system, cheques must be paid or received five working days after the trade takes place. Once CREST is fully operational it is proposed that this process will shorten to three days and bring the UK more in line with the other world stockmarkets.
The UK electronic settlement system that was introduced by CRESTCo in July 1996.
An electronic system which records share transactions. CREST provides details of who owns shares without the need for a share certificate (which is particularly useful for those people who deal often in large numbers of shares). CREST replaced the Talisman system in 1997.
The new paperless share settlement system, introduced by CRESTCo in 1996.
The UK settlement system for shares, Gilts, money market securities, ADRs and mutual funds. Institutions may be sponsored members of CREST or settle using broker nominee accounts.
Crest is a brand of toothpaste made by Procter & Gamble which is now on the market in many countries, such as the United States, Canada, the United Kingdom, and France; in other countries, such as Germany, it is sold as Blend-A-Med. It was first introduced in 1955, as the first toothpaste to use fluoride as an active ingredient. At first it used stannous fluoride, marketed as "Fluoristan," although this was changed in the early 1980s to sodium monofluorophosphate, or "Fluoristat."
CREST (although written as an acronym it does not stand for anything) is the Central Securities Depository for the U.K., Republic of Ireland, Isle of Man and Jersey equities and UK gilts. It operates a settlement system, allowing trades that have been agreed to be settled.