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In countries that aren't the US, things tend to be somewhat closer to this situation... Here in Australia, for example we've basically completely abolished stoc
by ajdlinux 10y ago
In countries that aren't the US, things tend to be somewhat closer to this situation... Here in Australia, for example we've basically completely abolished stock certificates for publicly traded companies, and we don't have any equivalent of DTC as far as I am aware. Nominee holdings still exist, but it's significantly less common than in the US, and it's significantly more common for shareholders to be directly registered.
http://www.computershare.com/News/TransparencyofShareOwnershipShareholderCommunicationsandVotinginglobalcapitalmarkets_12032014.pdf http://www.computershare.com/News/TransparencyofShareOwnersh... is an interesting read.
- kasey_junk 10y agoWhen reading that, it's important to recognize it was compiled by Computershare, a transfer agent, who in some ways compete with DTC. Computershare has virtual monopolies in that business globally. I don't think they are wrong, but they aren't a disinterested party.