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CREST
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A certificateless settlement system in the United Kingdom to replace the Institutional Net Settlement (INS) and Transfer Accounting Lodgment for Investor Stock MANagement for principals (TALISMAN) systems used to match and settle transactions on the London Stock Exchange. CREST is scheduled for implementation in July 1996. See Institutional Net Settlement (INS) System, Transfer Accounting Lodgment for Investor Stock MANagement for principals (TALISMAN).
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