The electronically recorded securities that contain the creditor’s name, tax identification number and the amount are called book-entry securities.
Points to remember:
No paper certificates are issued for the proof of ownership. Since the records are maintained digitally, they are easy to maintain, move around and transfer ownership for.
They are also known as uncertified securities or paperless securities.
In the Indian context, book-entry refers to dematerialized or “demat” mode of storing securities.