what is dematerealization
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Dematerialization means substitution of paper form
Explanation:
dematerialization refers to the substitution of paper-form securities by book-entry securities. This is a form of indirect holding system where an intermediary, such as a broker or central securities depository, or the issuer itself (e.g., French system) holds a record of the ownership of shares usually in electronic format.
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Answer:
Dematerialization (DEMAT) is the move from physical certificates to electronic bookkeeping. Actual stock certificates are then removed and retired from circulation in exchange for electronic recording.
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