Welcome aboard the fast-moving vessel of the electronic share settlement system known as CREST! Intrigued by how this system made paperwork dance right out of the window and brought instant gratification to the shareholders? Stick around as we unravel the mysteries of CREST, with humor and charts included—for good measure!
The Genesis of CREST: Paperwork’s Swan Song
It all began back in the groovy era of 1996 when the Bank of England decided to make the stock market more like an espresso shot—quick and efficient! Enter CREST, the electronic share settlement system that lets you skip the line at the metaphorical Starbucks of share trading. With CREST, shares are registered electronically and pop into your account faster than your favorite cat video can go viral.
The Perks: Why CREST is Like Your Fairy Godmother
Quick as a Flash: Instant Settlements 📸
Forget the nail-biting three-day waiting period! With CREST, your purchases and sales settle faster than you can say “expired printer toner.”
Paper-free Zone: Save the Trees, Hug a Forest 🌳
Paper certificates? That’s so last century. CREST made them obsolete for members. Who needs the clutter when you’ve got everything online?
Show me the Money: Dividends, Straight to Your Bank 💸
Gone are the days of waiting for that check in the mail. With CREST, dividends are paid directly to your bank account—like the fairy godmother of finances.
Time to Get Technical: How CREST Works
Let’s break it down for the tech-savvy (and the
