debênture escritural book-entry debenture

Creator:	Claudia Costa
Language pair:	Portuguese to English
Discipline:	-
Definition / notes:	by Socrates: "Actually not the same thing. 'On the books' just means a position recorded in accounts - the whole point about escritural is that you have paperless shares, i.e. the shares/bonds only exist as an entry in a register - the book entry transfer system became popular on many securities exchanges because it allowed for instant transfer of securities positions unlike in the old days where the seller had to sign his/her paper certificates and physically transfer them to the buyer. The Brazilian exchanges were very quick to introduce this because of the huge uncertainties that a long settlement period entailed in an era of high/hyperinflation." http://www.lse.co.uk/financeglossary.asp?searchTerm=book&iArticleID=423&definition=book_entry_transfer
URL:	-