Electronic Securities System(or securities dematerialization system) can be defined as a system by which the rights and the holder of rights can be administered by book entry, or registration, without involving physical certificates.
The entity that is in charge of keeping the book ,or register, can generally be referred to as Central Registration Center.(Central Securities Depository)
Above all, Current trends of rapid globalization has motivated each market to focus their energy on developing more effective ways of securities administration and settlement system.
In this point of view, The Electronic Securities system is viewed one of the most important methods to evaluate the development of securities system with STP or DVP.
Recognizing above issues, KSD has been working on preparing for this new securities system.
As a part of the effort to clear off the obstacles in moving toward dematerialization, KSD has achieved considerable level of collective deposit and immobilization so far.
Securities Certificate Non-bearing system which is based on Korean Commercial Code(1984) has been fully enforced through KSD system.
Moreover, Public and corporate bond Registration system, which was introduced by the Public & corporate bond Registration Act in 1993, is another method to complete Electronic Securities System.
To complete an ideal system, We have formed the Electronic Securities Planning & Development Team in 1998. The Electronic Securities Planning & Development Team concentrates on designing ideal electronic securities system corresponding to Korean securities market circumstance
