Statement of Accounts
SDSC provides monthly statements of accounts to all holders of active securities accounts. SDSC mails these statements of accounts directly to securities account holders at the addresses recorded in the CDS system.
Investors receive regular statements detailing their electronic holdings and, as these statements are not negotiable instruments, investors need not fear the loss or duplication of such statements.
These statements take the place of share certificates. This is in direct contrast to the paper settlement environment where risks of lost forged or stolen documents abound.
Naturally, the costs associated with the replacement of such documents are also eliminated under SDSC.
SDSC provides update dividend information for investors to all active securities accounts.
The issuance of dividend reports will depend on the time dividend information is released by the share issuer.