Securities registration
The benefit of holding securities in book-entry form at a central securities depository is the legal confirmation of ownership and rights. Book-entry registration simplifies the work of company management, and investors can view their holdings and transactions in online banking and their year-end position with the tax authority.
The process for registration with the central securities depository:
- The company’s Board resolves to register securities with VBM.
- An issuance agreement and issue description are concluded with VBM.
- The issuer provides VBM with a shareholder list showing each shareholder's holdings.
- Choose when the registration should take effect.
- VBM handles communications with the commercial bank in connection with the registration.
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