无纸化证券的内涵与法律地位——兼谈证券的基本属性

Connotation and the Legal Status of Dematerialised Securities——also in view of the inherence of securities

证券无纸化对证券市场的发展起了重大的推动作用,各国在金融法律制度中开始确立无纸化证券的法律地位。无纸化证券具有三个基本要素:证券登记、账户存管和电子信息;蕴含着一个以证券账户为载体的新的证券权利结构。无纸化证券仍然具有证券的基本属性,证券账户也并未改变无记名证券的性质,只是借用了记名证券的交易技术。

status of securities structure securities securities Dematerialised securities have played the significant push role to the development of securities market. The legal dematerialised securities is beginning to be established in finance legal system in every country. Dematerialised have three basic elements： registration, depository account and electronic information, containing a new right taking securities account as carrier. Dematerialised securities still has the basic attributes of the securities and accounts did not change the nature of the bearer securities just using the exchange technology of the registered securities.