Direct Registration
Lets investors own eligible securities directly on company records, without paper certificates or street-name holdings.
Direct Registration System
Own Securities Directly, Without Paper Certificates
The Direct Registration System (DRS) gives investors a simple way to hold eligible securities electronically in their own names on an issuer’s records, without receiving a physical certificate. The issuer or its transfer agent maintains the official ownership record, while the investor receives an account statement confirming the position.
Because registered owners appear directly on the issuer’s books, companies or transfer agents can send shareholder communications, proxy materials, annual reports and other information to investors without routing them through an intermediary. By replacing paper certificates with electronic records and standardized transfers, DRS can simplify administration, improve transaction visibility, reduce handling costs and lower the risk of certificates being lost, stolen, damaged or delayed.
Key Features & Benefits
Electronic Transfers
Moves shares electronically between transfer agents and broker/dealers using DTC’s connection with FAST transfer agents.
Less Paper Certificate Risk
Reduces the risks of paper certificates, such as delays, lost mail, theft, fraud and counterfeit certificates.
Lower Processing Costs
Helps reduce costs for transfer agents, investors, brokers, and issuers by cutting down on paper certificate handling and related work.
User Documentation
Access key documents, guides, forms and reference materials that support your use of this product and help you navigate important service requirements.
Resources
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Announcements & Reports
Each month, DTCC measures sigma levels for a variety of transaction processes, including those for underwriting, redemptions, dividend and interest payments, and reorganization announcements.
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Asset Services Performance Metrics
Monitor the accuracy and timeliness of principal and interest (P&I) payment allocations through DTC's Performance Metrics reporting.
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DTCC Learning
DTCC Learning provides access to training materials, educational resources and documentation designed to help users understand DTCC products, services and operational processes.
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Reference Documentation
Explore important notices, regulatory rule filings, bylaws, risk management information and operational requirements from DTCC and its clearing agencies.