Share settlement: mind over matter
Article Abstract:
Crest is the UK electronic share settlement system scheduled for launch in Jul 1996. Trades are to be settled using Crest for the first time in Au 1996. Talisman is the previous system which cannot be used after shares have been settled using Crest. The Bank of England will start using the system however prepared firms may be to use it. Companies such as Cazenove are tackling software problems that have arisen from trials using Crest, though they state that they will be ready by the agreed date.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Hot under the City collar
Article Abstract:
The Bank of England was responsible for Crest, the UK share settlement system, following the failure of Taurus, developed by the London Stock Exchange. There is rivalry between the bank and the stock exchange and it is not clear how far they can co-operate together. Share settlement will be transferred from the exchange to Crest in summer 1996. Crest will be run by CrestCo, an independent concern, and the exchange will lose access to data needed to monitor markets.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Read the small print - and stay cynical
Article Abstract:
There are 160 companies trading on UK Alternative Investment Market (Aim). These companies include Lancashire Enterprises, a venture capital company which has a 19% stake held by Lancashire County Council. Optical care (Bermuda) aims to sell spectacles in eastern Europe. Four directors of this company have been board members of firms that have exited from business. Other Aim companies include Firecrest, Mountcashel and Financial Publications.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
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