Direct registration system

Direct registration system,

Definition of Direct registration system:

  1. A system which provides for the electronic registration of securities on the books of the issuer. The system allows the securities to be transferred electronically so the investor does not need a certificate in order to take ownership over the investment. Instead of a certificate, the investor will be given a statement from the issuer or transfer agent evidencing his ownership.

Meaning of Direct registration system & Direct registration system Definition