The Transfer of Securities Pursuant to Article 8 UCC
20 Pages Posted: 10 Mar 2008
Date Written: 2007
This German text discusses the rules under Article 8 Uniform Commercial Code for transferring certificated and uncertificated securities as well as security entitlements to securities held by intermediaries. The paper presents the operation of securities settlement in the DTCC system, including the Direct Registration System, for which all shares listed on the NYSE and the Nasdaq Stock Market had to be eligible as from January 2008.
Note: Downloadable document is in German.
Keywords: Commercial Law, Securities Transfers, Market Structure
JEL Classification: K12, K22
Suggested Citation: Suggested Citation