أثر التسوية بين المراكز القانونية في سوق الأوراق المالية

Abstract EN

Transactions in the securities market between the central depository and the financial intermediaries of the client parties aim to achieve a certain objective behind this transfer of ownership of the securities from the selling party to the party to the buyer party.

In return, the second party undertakes to pay the corresponding price.

The effect does not occur unless the legal positions are settled between the parties.

In accordance with the general rules in the transfer of ownership civil law, this effect occurs immediately after the contract and without laxity regardless of the nature of the thing sold, whether movables or real estate and that the immediate impact of the transfer of ownership went through many stages of development until it reached the present.It should be mentioned that this immediate effect of the transfer of ownership has encountered difficulties and has raised many problems when applied in the transfer of ownership of securities in the stock market because the transfer of ownership of these securities is not immediately after the contract, but after the completion of the process of settling the legal centers of dealers in the stock market The immediate effect of the transfer of ownership in the area of transactions in the stock market was called off.