STICODEVAM works as a real central bank for securities. It is currently handling admission and custody of all the securities that are quoted (or not) on stock exchange and government bonds. STICODEVAM accounting system guarantees the complete equivalence between the amount of securities issued and the total assets of the financial intermediaries holding securities accounts in its books at all times.

STICODEVAM accounting consists of two parts or levels which are linked to each other: the financial intermediaries holding securities accounts and the amount of securities issued by STICODEVAM .

• STICODEVAM controls daily that the amount of securities issued in the accounting system is equal to the total assets  of the financial intermediaries holding securities accounts in its books.

  The bookkeepers, can check daily in their accounting system, that their account at STICODEVAM is equal to the sum of their customer securities position. All these controls have just one aim: perfect equality between the amount of securities issued and the total assets of the bookkeeper on its books..

Thus by managing the account of issue that represents the total number of securities, STICODEVAM guarantees the perfect equality between the total number of shares issued and the number of shares hold by the bookkeepers

An account at STICODEVAM is identified by:

• ISIN (Identification Securities International Number) code of the security,
   
• Member code,
   
• Account type code( ordinary securities, securities with opposition,…),
   
• Book category: STICODEVAM is presently applying book segregation.

STICODEVAM manage 4 groups :

• Domestic Client books,
   
• Foreign Client books,
   
• Appropriate books,
   
• Mutual Fund books.

This list is not restrictive and can be extended.