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Glossary entry

Italian term or phrase:

Regime di circolazione dei Titoli

English translation:

Custody and settlement of securities

Added to glossary by James (Jim) Davis
Apr 21, 2011 10:14
13 yrs ago
13 viewers *
Italian term

Regime di circolazione dei Titoli

Italian to English Bus/Financial Finance (general)
Regime di circolazione dei Titoli

Le Obbligazioni Subordinate a Tasso Fisso con rimborso anticipato, rappresentate da titoli al portatore, saranno interamente ed esclusivamente ammesse al sistema di gestione ed amministrazione accentrata gestito da Monte Titoli S.p.A. (Via Mantegna, 6 - 20154 Milano), in regime di dematerializzazione ai sensi del Decreto Legislativo 24 giugno 1998 n. 213 e successive modifiche ed integrazioni. Conseguentemente, il trasferimento delle Obbligazioni Subordinate a Tasso Fisso con rimborso anticipato e l’esercizio dei relativi diritti potrà avvenire esclusivamente per il tramite degli intermediari aderenti al sistema di gestione accentrata presso Monte Titoli S.p.A.

Having problems finding a suitable translation for 'circolazione' here so any suggestions much appreciated.
Change log

Apr 25, 2011 16:03: James (Jim) Davis Created KOG entry

Proposed translations

53 mins
Selected

Custody and settlement of securities

Monte Titoli do "custody and settlement" post trading services
You could add "clearing custody and settlement" to complete the circle of the "circulation" but the title is just to give the idea.

http://www.google.com/search?source=ig&hl=en&rlz=&=&q="custo...

http://www.google.it/search?source=ig&hl=it&rlz=&=&q="Monte ...

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Note added at 4 days (2011-04-25 16:02:38 GMT) Post-grading
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Your welcome Ivana. Down deep in the assets section of the notes to the accounts I'm afraid. Nice day off yesterday :)
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4 KudoZ points awarded for this answer. Comment: "Thanks very much Jim. Hope you're having a nice Easter Monday!"
2 mins

Arrangements governing the transfer of stocks

The last sentence refers to transfer: "Conseguentemente, il trasferimento delle.."

Arrangments applicable to electronic shares ("e-shares"?), which can only be transferred by registered intermediaries.
Peer comment(s):

neutral James (Jim) Davis : No stocks in this context.
51 mins
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