

Q: What's wrong with paper certificates?
They're expensive to issue, store, ship and insure. And every year more than 1.2 million are reported lost, stolen or counterfeit, costing investors as much as $50 million to get replacements issued.
Q: What's the cost every year for the paper stock certificates issued to investors?
$250 million or more. Paid for by investors, brokers, banks, custodians.
Q: Don't all securities have paper certificates?
No. Many securities now, including corporate and municipal bonds, U.S. government securities, futures and options, money market instruments and mutual funds are issued electronically — entirely without paper! Even U.S. Savings Bonds now come in paperless form.

| April 15, 2008 | Industry Joins Forces to Meet a Dematerialization Deadline ... |
| February 15, 2008 | Jasdec Leads Education Effort on Dematerialization... |
| July 15, 2007 | 'Going Paperless in the Securities Industry'... |
| June 24, 2007 | Sidebar: The Case for Paperless... |
| November 15, 2006 | DTCC Breaks the Speed Barrier To Strengthen Business Continu... |
| November 15, 2006 | Going Paperless: Depository Drives Down Certificate Inventor... |
| August 15, 2005 | Intel Among First to go Paperless Following Delaware Law Cha... |
| July 15, 2005 | No-More-Paper Web Campaign Wastes No More Paper... |
| May 15, 2005 | No-More-Paper Campaign Kicks Off, Talks About Savings Millio... |
| May 5, 2008 | The Direct Registration System: Getting Rid of Paper and Ris... |
| August 20, 2007 | (pdf) SIFMA calls for elminiation of paper certificates... |
| June, 2007 | (pdf) The Society of Corporate Secretaries and Governance Pr... |
| February 15, 2007 | (pdf) Community Banker: "The Future Is Now for Paperless Sec... |
| November 1, 2006 | (pdf) SSA Supports Paperless Legal Transfer Program... |
Information for Public CompaniesGoing Paperless (pdf)
"Going Paperless in the Securities Industry: Benefiting Issuers and Investors", By Joseph Trezza
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