What's New for EDS?

EDS Cut-Off Time

New functionality has been added to the EDS instruction window, allowing for intra-day cut-offs. These additional cut-off times maximize participants' instruction election period.

Supporting this change, a cut-off time has been added to various PBS/PTS pages/screens.

DRP Global And CUSIP Level Standing Instructions

Participants can now add global and CUSIP level standing instructions for dividend reinvestment. CUSIP level standing instructions override global standing instructions, if they exist, for a specific CUSIP.

Please refer to the Dividend Reinvestment Standing Instructions Procedures.

FCP Global And CUSIP Level Standing Instructions

Participant can now set up standing instructions to receive all or part of a dividend/interest payment in the currency of the foreign country in which the issue is dominated. Participants can set up CUSIP level standing instructions, which override the global standing instructions, if they exist, for a specific CUSIP.

Please refer to the Foreign Currency Standing Instructions Procedures.

The EDS Approval Process

The Elective Dividend Service (EDS) offers an automated election instruction approval process accessible through Participant Browser Service (PBS). The Approval Process may be used for the following EDS services:

• Cash-in Lieu/Round Up

• Dividend Reinvestment Program

• Foreign Currency Payments

• Optional Dividend Distribution

• TaxRelief