Issues of the Use of Intermediated Securities in Cross-Border Transactions
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14220%2F23%3A00132241" target="_blank" >RIV/00216224:14220/23:00132241 - isvavai.cz</a>
Result on the web
<a href="https://journals.muni.cz/cpvp/article/view/33157/28770" target="_blank" >https://journals.muni.cz/cpvp/article/view/33157/28770</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.5817/CPVP2023-1-3" target="_blank" >10.5817/CPVP2023-1-3</a>
Alternative languages
Result language
angličtina
Original language name
Issues of the Use of Intermediated Securities in Cross-Border Transactions
Original language description
This paper explores issues arising from international transactions using securities either in sale and purchase contracts or as collateral. Once paper securities were transferred to registered ones and book-keeping took virtual form, the complexity of the financial international system further increased. At the same time it facilitated trades across the globe that previously would not take place due to high transaction cost and legal uncertainty.Logical step in this evolution was, therefore, the introduction of intermediated securities holding systems where one or more securities intermediaries can hold securities for their clients across various jurisdictions and perform book-keeping and corporate proxy roles for a plethora of customers. Nevertheless, the system is still not harmonized as various legal regimes implement holdings of securities differently.This paper analyzes the structure of these systems and discusses the legal issues they pose on the transacting parties. The analytical part discusses possible solutions and provides alternatives to the current academic literature proposals by implementing private sector participants where the public and international community struggles to succeed.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50501 - Law
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Časopis pro pravní vědu a praxi
ISSN
1210-9126
e-ISSN
1805-2789
Volume of the periodical
31
Issue of the periodical within the volume
1
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
19
Pages from-to
93-111
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85159378741