The
e-Dividend service is the service where the dividend / interest
payment is made to a bank account to facilitate the securities
holders in receiving dividend / interest from securities
issuers. Formerly, the dividend / interest payments are
made to securities holders by cheques. With the e-Dividend
service, this could facilitate securities holders to have
more convenience.
Benefits of the e-Dividend
Service to Securities Holders
- Receive the dividend/ interest payments on the due
date via the money transfer
- No need to worry about delayed or lost cheques during
the handling
- Receive dividend/ interest payment via bank accounts
even in case of relocation without notifying to a registrar.
Customers have no difficulty or do not have to wait for
a returned mail to be reforwarded
- No need to spend time at a bank to cash cheques
- Securities holders located in provinces can save bank
fees on bill for collections and they will receive the
dividend/ interest payments immediately on the paid date,
while in case of cheques it will take 5-7 days.
- Securities holders continue receiving the letter regarding
the dividend/ interest payments to bank accounts, including
the withholding tax documents by mail
The e-Dividend Application
Process
Securities holders can submit
request
forms for dividend/ interest payments to bank accounts,
and specified supplement documents to the TSD. In case of
the scripless holding, securities holders can submit via
securities companies from which they receive services. A
registrar will deposit dividend/ interest into bank accounts
after a securities issuer requests to make dividend/ interest
payments to bank accounts of securities holders or securities
owners.
|
