The elimination of physical certificates or documents of title that represent ownership of securities so that securities exist only as accounting records. – See stock exchange, electronic, custodian, immobilization, debt-belly claims, central securities depository.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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