Non-equity securities are ... Types of non-equity securities

The existence of man at all times was associated with the invention of new spheres of activity. This helped people evolve and reach certain heights in their development. To date, man is not just a being that is adapted for physical work, but a person whose inner world is meaningful and morally conditioned. Together, these factors have spawned many different branches of modern science and technology. It is also worth noting the exceptional importance of the financial sphere of activity. Work with money has become one of the main attributes for people.

If you pay attention to the state of modern markets, you can see that they are at the peak of their development. Operations with currency allow people to create huge capitals. However, financial value is not only money, but also securities. This terrible name, at first glance, characterizes the weighty share of the modern market. However, in the context of this article, we will talk about a specific type of securities - non-issue documents. They have many interesting characteristics, and are also valuable in their own way.

The concept of securities

Turnover of financially significant documents is carried out on the stock market. Securities, "walking" on it, have many features. They are documents created within the established framework and having all the requisites provided by the current legislation, on the basis of which the actual transfer of property rights from one person to another takes place. The existence, circulation, issue of securities and other moments of activity with them are fixed in the provisions of various regulations of our state. At the same time, this category is so significant and extensive that it can be divided into several types, one of which are non-issue securities. This allows for a more detailed study of the category and highlight its key points.

Normative regulation of securities

As it was mentioned before, there are certain legislative acts that fix the main provisions on securities. In this case, we are talking about the whole legislative system that regulates the presented question. The structure of such normative acts includes:

• The Constitution of the Russian Federation.
• The Civil Code of the Russian Federation.
• Federal laws: "On the securities market", "On joint-stock companies".

It is in the provisions of these acts that you can find all the statements about the documents presented in the article and their main features.

The concept of non-equity securities

Documents for the transfer of property rights are divided into several main types. One of them is non-issue securities. These are documents, the release of which occurs in a limited number and is not related to the procedure for their state registration. In other words, non-issue securities are not created for the broad masses, but for the purpose of achieving any financial results. It is much easier to work with similar documents, because they do not need to be legalized in the manner prescribed by law. However, this fact does not exclude the spread of common for securities features on the non-emission type.

Properties of non-equity securities

Legally significant documents are always characterized by certain functional properties. As for securities, they are also endowed with certain characteristics that need to be known. Thus, non-issue documents have the following properties, namely:

• Appealability and accessibility for all citizens without exception;
• Serial and documentary;
• Liquidity and market significance;
• Implementation risks, and so on.

They are characterized by a specific issue (non-issue securities are created chaotically, without observing any procedures).

An important point is the very fact of state regulation of non-issue securities. It shows the existence of an exceptional form and requirements for documents that can not be violated.

What securities are non-issue securities?

To date, the presented type of legally significant documents remains a mystery for many people, including economists. Nevertheless, there is absolutely nothing complicated in non-issue securities. The main thing is to understand the types of documents that are non-issue ones, and also to know their most specific features. This will allow you to fully explore the category and all its main points. It follows that it is necessary to consider the following types of non-equity securities, namely:

• Bills of exchange;
• Checks;
• Bills of lading;
• Depositary certificates of the depositor.

Non-equity securities, the list of which is presented above, are endowed with many interesting moments. Therefore, each document must be considered separately from others.

Features of bills

The very essence of a security is of great importance. The main example is a bill. Turnover of this object is carried out by using the norms of special legislation. Thus, promissory notes, as non-issue securities, are documents that certify a financial obligation. In other words, a bill is a specific form of a monetary contract. Today, in the Russian Federation, these securities are very popular in the financial sector.

It is worth noting that there are several varieties of bills, namely: simple and transferable. In the first case, we are talking about the existence of an unconditional obligation, when a certain amount must be paid within the allotted time. The bill of exchange has a completely different purpose. It only fixes a proposal for payment addressed to the debtor. Promissory notes are often characterized as non-equity securities of the bank, because in the sphere of activity of precisely such organizations they are found most often.

The concept of a check

Another important document that is directly related to the bank is a check. This security has nothing to do with bills of exchange and other similar securities. A check is a written order for the issuance of money. And the executor is, as a rule, a banking organization. This type of non-issue security is a fairly convenient way of calculating and receiving money. However, recently its popularity has started to fall more and more. This is due to the development of the information sphere and the efficiency of electronic payment cards. In simple terms, money can be obtained much faster on the card than with a security.

What is a bill of lading?

Issue of non-issue securities occurs, as a rule, in the course of daily activities of certain enterprises, organizations and structures of a different nature. An excellent example of this thesis is a bill of lading. This security is a formatted document that has a standard form. It is interesting that the bills of lading were born out of the rich international practice in the field of transportation. The bill of lading secures the exclusive right to load, unload and transport cargo from one point to another.

Statement on deposit savings certificate

Deposit certificates today are characterized as non-issue securities. This is a document that confirms the depositor's rights for the future receipt of interest on the invested amount. In other words, the deposit certificate allows the bank's client to earn money by organizing a preliminary investment of his own funds.

The market of non-equity securities

The scope of activities with documents presented in the article type is limited, as a rule, to work in a certain field. The absence of a centralized issue does not allow trading in non-issue securities. Nevertheless, on the Internet to date, you can find a lot of records about the "securities market of non-emission type." As we understand, its existence is impossible, since non-issue documents are not the object of buying and selling and bargaining.

Conclusion

So, in the article we considered the main non-issue securities. Of course, other categories are assigned to this type of documents, but the most popular in the Russian Federation are the four described species. The activity with securities is quite simple and efficient. Let's hope that the legislator will not change these advantages in the near future.