Belgian Association for Scripophily
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-> Definitions, conventions and miscellaneous
What to find in this section ?

This section explains some definitions and the international system of evaluating the conservation quality of a certificate. It also lists some abbreviations and the conventions used when encoding a certificate. Some other scripophily points of interest can also be found here : the dematerialisation of shares in Belgium, the russian revolution and the nationalisation of all values, ...

Some definitions will allow to review the types of certificates that can commonly be found on the market : shares, bonds, warrants, ... You will discover what they are and what they were used for.

An international system of evaluation of a certificate quality will allow you to qualify the conservation state of your bonds and shares.

An abbreviation list will allow you to familiarize yourself with the one regularly used in the scripophily domain.

Bonds and shares in our database respect encoding rules. This, in order to speed up and facilitate searches and to keep all different lists coherents. Imagine for example having to search for companies with a registered office in Antwerp. Having hundreds of companies listed as "Société Anonyme (nouvelle) de(s) ..." will not allow you to alphabetically efficently look for the one searched.
Also all other data like date of issue, issued capital, number of issued shares, ... correspond to specific information that can be found on the certificate itself. All this can be found back in 'Encoding rules'

In this section we will also give more information on the Gutt law, law that was taken after WWII in order to regulate the circulation of bonds and shares in Belgium.

More information is also given on Russian bonds and shares. In 1917, the new Russian government did not recognize neither take over the debt contracted by the old government. All foreign capital was nationalized and so all bonds issued, before 1917, by the Russian Government or cities became worthless. This was the case also for all shares issued to finance the industrialisation of Russia. Associations have been successfully fighting around the world to have the actual Russian government recognize its debts. Belgium, the last country that has not yet been reimbursed, is still fighting to see its rights recognized. More info on what has and is being done can be found on the site of the association defending Belgian bonds and shareholders of old Russia :