Direct Registration System


Also found in: Acronyms.

Direct Registration System

A system, sometimes referred to as DRS, that allows electronic direct registration of securities in an investor's name on the books for the transfer agent or issuer, and allows shares to be transferred between a transfer agent and broker electronically. DRS provides investors with a different way of holding their securities in certificate or street form. Under DRS, investors can elect to have their securities registered directly on the issuer?s records in book-entry form. An investor electing to hold a security in a DRS book-entry position will receive a statement from the issuer or its transfer agent verifying ownership of the security. The investor can subsequently transfer electronically the DRS book-entry position to their bank or broker/dealer.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Direct Registration System

An electronic system allowing a person or corporation to own shares without being issued stock certificates. In a direct registration system, the shareholder's information is maintained on a computer system. Transfer of shares maintained on a direct registration system may take place either through a transfer agent or the shareholder's ordinary broker.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Further, the issued shares in the stock dividend will be entered by Direct Registration System on the records of the company's transfer agent, Computershare and statements reflecting the issuance will be mailed on or about 15 December 2014, the company said and added that no fractional shares will be issued and shareholders will receive cash in lieu of such fractions, as per the market value of the stock on the record date.
Also, shares issued as a result of the stock dividend will be entered by Direct Registration System on the records of the company's transfer agent, Computershare and statements reflecting the issue will be mailed on 29 November 2013.
Also, the Aggregate Redemption Price for preferred stock held through Direct Registration System on the records of the Paying Agent Computershare Shareowner Services will be paid directly to the registered holders by the same, on the redemption date.