Comparative law notes
a single certificate, sometimes referred to as a "jumbo certificate," representing an entire maturity of an issue of securities. Such certificates are often used in book-entry systems. The issuer issues a global certificate that is then lodged in the facilities of a depository or other book-entry agent for safekeeping by the agent until maturity or redemption. The securities are available to beneficial owners only in book-entry form, and no physical certificates can be obtained.