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Clearing, Settlement and Custody
book

Clearing, Settlement and Custody

by David Loader
September 2002
Intermediate to advanced
256 pages
6h 37m
English
Butterworth-Heinemann
Content preview from Clearing, Settlement and Custody
One serious reason for the suspension of the shares is if the company
is experiencing financial difficulties such that it is to be placed into
administration and possibly declared bankrupt or in liquidation. An
investor in a company that goes into liquidation will be in the
situation where the security is not only worthless but also un-
negotiable. The security will be suspended in the relevant stock
exchange(s) until such time as the liquidator is able to repay amounts
due to the various classes of creditor. Once there is no more cash that
can be retrieved for the creditors, the company is wound up and the
certificates cancelled.
This process can take ...
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Publisher Resources

ISBN: 9780750654845