Why did Teradata distribute shares in book-entry form and not issue certificates?
Teradata shares were distributed in book-entry form for several reasons: • Book-entry through Direct Registration has become the new standard in share ownership. • It supports the U.S. Securities Industry’s overall direction towards statement-based share ownership. • It eliminates the risk and expense associated with the safe-keeping or replacement of a physical stock certificate. • It provided considerable savings in distribution costs to Teradata and NCR. • It allows for convenient electronic share transactions, such as ownership transfer and sales, through Teradata’s transfer agent and your bank or broker.
Related Questions
- I have purchased some shares in paper form. Can I directly give the share certificates to my Depository Participant for dematting them in my favour?
- What is book-entry form and how do I convert my certificates into book-entry form?
- Why did Teradata distribute shares in book-entry form and not issue certificates?
