JBA released the “Q&A on Stock Collateral Relating to Dematerialization of Stock Certificates” on October 24. JBA released this publication as a stock collateral handling reference for those who will utilize e-stocks as collateral, which will be implemented from January 2009.
The Q&A describes necessary procedures to be followed in shifting to e-stock collateral along with fundamental knowledge for continuing stock collateral transactions after shifting to e-stocks. Specifically, it is composed of 14 questions and answers and 4 cases on subjects including “What is the meaning of stock certificate dematerialization?” “What will become of stock certificates that banks presently have as collateral after dematerialization?” and “What procedures must be observed when dematerializing stock certificates used as collateral?”