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A share certificate is a legal document which can be used as proof of ownership of a shareholding. But with 30,000 plus share transactions a day going through the London stockmarket in the early 1990's, a lot of paper was being generated.
A more efficient way of handling share settlements is to do it electronically. Indeed, that is the case in London nowadays with the advent of the CREST system.
In summary share certificates are not quite extinct, but they almost certainly will be one day.
Did you know you can buy and sell shares through Moneyextra? Please click here to find out more
Last Updated: November 2007 © Moneyextra.com
MoneyExtra.com recommends you should consider taking independent financial advice before acting on any article. Please contact us for help with your individual circumstances if any assistance is required.