Launch of New Facility for Holding Shares Electronically. This will improve the overall liquidity of the Irish equities market and, after the launch the Exchange's electronic dealing system last year, it represents a further step in enhancing the efficiency of trading in the equities market. The new settlement period will apply to all transactions conducted on the Irish Stock Exchange's orderbook, ISE Xetra, and will also be the normal settlement period for non-orderbook transactions. A similar settlement period will operate for UK securities from the same date. The benefits of electronic shareholding compared with paper certificates are similar to the benefits of e-mail over the conventional postal system.
Transactions can be processes faster and more easily.
Clients will have less paper to worry about and will not have the inconvenience and expense of replacing lost transfer forms or certificates.