Choosing how to hold your online investments dummies. Registered holders have their names and addresses recorded in the companys share registry, which is usually. A direct registration system drs is a method of recording shares of stock in bookentry form. Notes on direct registration and share certificates. The term plan shares is commonly used when referring to dsps, drips and esops. The direct registration system drs of depository trust company allows eligible stock to be sent to the transfer agent and held there electronically in the owners name. Direct registration the security is registered in your name on the issuers books, and either the company or its transfer agent holds the security for you in book entry form. Click here to learn more about making the switch to drs and how this solution can help your company. Holding your shares via direct registration relieves you from the worry and responsibility of monitoring your valuable stock certificates. Shareowners holding shares in bookentry form, have all of the traditional rights and privileges afforded to registered shareholders, without the risk of losing or damaging certificates. The direct registration system drs is a service offering by the depository trust company dtc which provides registered shareholders of the issuer with the option of holding their assets shares on the books and records of the transfer agent in bookentry form instead of a physical stock certificate. The direct registration system drs allows registered securities to be held in electronic form without having a physical security certificate issued as evidence of ownership. Computershare is mge energys stock transfer agent and dividend reinvestment and direct stock purchase plan administrator.
This concept would allow any retail investor who wants his or her securities to be registered directly on the books of the issuer, but does not necessarily want to receive a certificate, to register those securities in bookentry form. Direct registration automatically lists shares with the appropriate transfer agent. Historically, this evidence has been a paper stock certificate issued in the name of the investor, showing the number of shares he owns. Book entry share ownership through a direct registration. The plan allows you to set up a recurring investment or to make a onetime investment.
Learn about the direct registration system drs for stocks. A system, sometimes referred to as drs, that allows electronic direct registration of securities in an investors name on the books for the transfer agent or issuer, and allows shares to be. When you transfer or sell drs shares, the transaction takes place electronically without the movement of stock certificates. You retain full ownership of your shares, without having to hold a stock certi.
Important notice regarding issuance of paper stock. As an investor, you can have your securities held in bookentry form in your direct registration, direct purchase or dividend reinvestment account, moved electronically between eq shareowner services, your corporations transfer agent, and your brokerdealer. As major corporations move further and further away from paper transactions by embracing electronic book entry form, one type of security registration method called the direct registration system drs has become popular for bluechip stocks. Change of share registrar and direct registration service. Paper certificates have become an outdated and inefficient way to reflect share ownership. Direct registration is a securities industry initiative that provides for share ownership without the necessity of holding physical certificates. Drs is share ownership without paper stock certificates. Shares can be easily moved to and from a brokerage account electronically. Overview of the direct registration system youtube.
Enroll in a direct stock purchase plan today to build your investment portfolio. On august 8, 2006, the sec approved a rule changed by nasdaq, nyse and amex requiring all listed securities except certain debt securities to be eligible for a direct registration system drs as of march 31, 2008. You dont have to worry about keeping the certificates safe. Drs provides investors with a different way of holding their securities in. Instead of being represented by a physical share certificate, your schlumberger shares are held in your name and recorded electronically in bookentry in our records, which are maintained by computershare. Ordinary and preference shareholders may access their account online via the bp share centre at. What are book entry stock shares when an investor buys a security, he must receive evidence of ownership as there are no material assets to account for the purchase. About the direct registration system computershare. Instead, shares will be uncertificated, meaning that they will be recorded in book entry on the records of morgan stanley s transfer agent and registrar through the. This allows investors to move bookentry shares electronically from street name to the registered owners name on the books of the corporation, or from the registered owners name to street name.
Direct registration is a method of recording your shares in coremark in electronic book form. The direct registration system also known as drs allows investors to transfer securities held this way. As the companys transfer agent, computershare keeps a record of your shares on the companys register of owners. Purchase and sell shares at your convenience, view account balances, and reinvest your dividends. Frequently asked questions bookentry share ownership.
The transfer agent keeps a record of your shares of brighthouse financial, inc. The direct registration system drs is a service offering by the depository. Drs offers investors and shareholders an alternative to receiving a physical certificate, by allowing the shares to be record, held and transferred electronically on the books of the company or its transfer agent. D all whole, bookentry shares, liquidate any fractional share, and keep the transfer agent account open. Direct registration system a system, sometimes referred to as drs, that allows electronic direct registration of securities in an investors name on the books for the transfer agent or issuer, and allows shares to be transferred between a transfer agent and broker electronically. Change of share registrar and direct registration service by published. This type of ownership eliminates the loss of certificates, and subsequent shareholder cost of replacement, as well as simplifying the transfer or sale of shares. Drs offers investors and shareholders an alternative to receiving a physical certificate, by allowing the shares to be record, held and transferred electronically on the.
Shares held in electronic form at the transfer agent instead of paper form. The direct registration system, commonly referred to as drs, is a registration type, created by the depository trust company dtc, that allows shareholders of public companies to hold their shares directly on the books of the companys transfer agent in bookentry form without issuing physical stock certificates. Bookentry simply means that you do not receive a certificate. Mge energy shareholder services co computershare trust company, n. The stated goal is to foil theft or misuse of shares and to protect stock ownership in case a clearing corporation goes bust or the entire economic structure collapses. Dtc direct registration drs services colonial stock. You may instruct the company to sell the shares, but your request is generally put into a pool and executed later in the day, week, or. Owning shares in bookentry or direct registration also known as drs has become the preferred form of stock ownership. Bookentry means that your shares are registered in your name on the stock records of coremark holding company, inc. Direct registration is a method of recording shares of stock in bookentry form. Instead of being represented by a physical share certificate, your idexx shares. Through dtcs drs service, assets can be electronically transferred to and from the transfer agent and brokerdealer to easily move shares in and out of drs. Investor services direct registration the security and. To transfer full shares from your dominion direct bookentry account to your brokerage account, contact your broker to request the transfer using the direct registration system.
The direct registration system drs enables investors to elect to hold their assets. The following pages more fully describe drs direct registration. The direct registration system new investors are more likely to invest in stocks through a brokerage account. A dsp is a direct stock plan, drips are dividend reinvestment plans and. Registration registration is only required when all 1s or 9s are entered in the tax id fieldincomplete. Drs allows transfer agents to provide shareholders with the ability to hold their shares in bookentry form with the transfer agent instead of a physical stock certificate.
Bookentry ownership is a service offered under the direct registration system drs that allows shares to be issued in a statementbased form of ownership without. Also referred to as direct registration or drs, bookentry allows dowduponts transfer agent, computershare, to maintain your shares on the books of the company electronically. The direct registration system drs enables investors to elect to hold their assets in book entry form directly with the issuer by leveraging dtcs connectivity with fast transfer agents. Once you enroll in our dividend reinvestment program, you can directly purchase or sell shares of comcast common stock.
Bookentry registration is an easy and safe alternative to paper certificates. This new system was a type of bookentry direct registration system drs operated by stock transfer agent. You will be notified if this information is required. A direct registration system drs is a method of recording shares of stock in book entry form. The transfer agent issued any whole number of shares electronically to you by way of direct registration in bookentry form under the direct registration system drs. Direct registration system financial definition of direct. When you place a trade order and the purchased stock appears in your account, your shares of stock are registered in a street name. The direct registration system drs allows registered securities to be held in. Direct registration system shares are held by the transfer agent rather than by the shareholder. For more information on the plan, sign up for online access to your shareholder account or log in now.
It can take up to five business days for a transfer agent to deliver the requested shares. Shareholders who hold their shares directly with a company. Also referred to as direct registration or drs, bookentry allows dows transfer agent, computershare, to maintain your shares on the books of the company electronically. Direct registration is an industry program that allows share ownership without paper stock certificates.
Notes on direct registration and share certificates jim. The depository trust company dtc offers a service to transfer agents known as the direct registration system drs. Drs is an entirely electronic bookentry style system that does not involve physical stock certificates. Direct registration the new standard in stock ownership the direct registration system drs is a service within the securities industry that allows your shares in a company to be held in your name and tracked electronically. Direct registration system drs transfer formtda 0420. The direct registration system drs is a service offering by the depository trust company dtc which provides registered shareholders of the issuer with the option of holding their assets shares on the books and records of the transfer agent in book entry form instead of a physical stock certificate. The direct registration system also known as drs is a system for book entry ownership. Direct registration system drs for stocks the balance. Compare and choose from more than 140 investment plans. Additional documentation may be required for some overthecounterbulletin board otcbb securities before a request is submitted.
By choosing direct registration, your shares would be held in your name and recorded electronically on marathon oils books and records via its transfer agent, computershare. You can sell shares without mailing certificates to your broker. Direct registration system drs dtcc securities processing. Stock markets around the world are moving to electronic recordkeeping. Direct registration the security is registered in your name on the issuers. To register a paper certificate, shares must be moved from street name registration into direct registration. Certificate shares reinvesting the dividends and shares held in the dividend reinvestment plan received additional plan shares which appeared on a special statement dated november 19, 2007. The direct registration system also known as drs is a system for bookentry ownership. What is the transfer agent direct registration system drs. When transferring shares to open a new dominion direct account the new account can only be opened with a transfer of five 5 shares or more. Value of transaction exceeds profile surety coverage.
1496 1559 598 1329 376 141 399 1024 1295 878 675 486 1097 1211 931 43 520 1041 202 1259 1059 516 329 128 525 296 666 527 774 1275 685 1365 1201 1239 741 1474 1333 1314 929 1054 1231 1444 854 293 279 1328 916 1046 1067 842