Glossary

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Security

A security is a certificate that evidences an inalienable right that cannot be asserted or transferred to others without presentation of the certificate. For example, unless the shares are presented, a shareholder may not attend the company’s annual general meeting, whereby today the physical presentation is no longer necessary. A confirmation from the company that the securities are owned and held in custody suffices.

Examples of securities are:
  • shares
  • units
  • bonds and other fixed income instruments
  • derivatives
  • certificates
  • cheques
Not defined as securities are banknotes, coupons, etc.
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