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Central Securities Depository

Book Entry System

The Book Entry System is the electronic system managed by CAVALI. that represent securities by using book entries. It registers the issuances of national and foreign institutions. All securities are "dematerialized" because the physical security is made unable previously to the book entry.
Every security entered in the book complies with the principle of being registered for a) Security,   b) beneficial owner and   c) participant;   as it is shown in the graphic: