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Article List
Jan 04, 2004 - Phil. Star
Dec. 30, 2003 - Mla. Bulletin
Nov. 26, 2003 - Mla. Bulletin

Security shareholders get better ownerhip registration in EDR
- Philippine Star -

The marvels of technology which provide access to faster and paperless communication has presented security shareholders a better alternative scheme to the prevailing systems of ownership of securities in the country.
Known as electronic direct registration or EDR, the system is an electronic platform connecting databases of all Philippine Stock transfer agents participating in direct registration of security shareholders in the country. This facility enables stock transfer agents to register stock transfers directly and electronically since they are virtually unified through the EDR. Access can be made anytime and results in swifter information retrieval by
all players in the markets, thereby setting the stage for the country to
participate in global trading.
Main exponent of this system is the Philippine Association of Stock Transfer and Registry Agencies (PASTRA), an association engaged in the stock tranfer services and Computer Data Vision, Inc. (CDVI), a software developer and system integrator focusing on the financial service sector. The CDVI boasts of 12 years of experience in core banking systems, electronic fund transfer, back-end integration and other technological innovations, serving such clients as Smart Telecoms, Citibank, Metrobank, Bahrain Islamic Bank and PTmV Indonesia.


Electronic direct registration for security shareholders bared
- Manila Bulletin -

The marvels of technology which provide access to faster and paperless communication has presented security shareholders a better alternative scheme to the prevailing systems of ownership of securities in the country.
Known as electronic direct registration or EDR, the system is an electronic platform connecting databases of all Philippine Stock transfer agents participating in direct registration of security shareholders in the country. This facility enables stock transfer agents to register stock transfers directly and electronically since they are virtually unified through the EDR. Access can be made anytime and results in swifter information retrieval by
all players in the markets, thereby setting the stage for the country to participate in global trading.
Main exponent of this system is the Philippine Association of Stock Transfer and Registry Agencies (PASTRA), an association engaged in the stock tranfer services and Computer Data Vision, Inc. (CDVI), a software developer and system integrator focusing on the financial service sector. The CDVI boasts of 12 years of experience in core banking systems, electronic fund transfer, back-end integration and other technological innovations, serving such clients as Smart Telecoms, Citibank, Metrobank, Bahrain Islamic Bank and PTmV Indonesia.
Through EDR, issuing corporatins can reatain direct communication with shareholders while providing them the ease and convenience fo full
ownership without having to hold certificates.
With EDR, issuing corporations can save millions of pesos in certificate printing, and at the same time, preserving their direct relationship with individual investors.
The shareholders, on the other hand, can have full share ownership without having to hold certificates and having these certificates lost, stolen, or damaged.
With EDR in place, global trading is even more encouraged. Investors can trade through EDR and they can instruct their brokers to trde on their behalf through the EDR.
Investors can now view their accounts online 24 hours a day, seven days a week, since EDR can be accessed either through the Internet or mobile phones, hence, making it very convenient for small investors to trade.
The scheme has been presented to issuers and it has gained their support.
A prototype was presented Dec. 10 to the Securities and Exchange Commission and well received by the attending officials and members of the Philippines association of Publicly-held Corporations, Inc. (PAPCI), Philippine Stocks Exchange (PSE), SCCP, and brokers and custodian banks.
During the presentation, the SEC committed to review the scheme based on the endorsement of the SEC Market Regulation Department headed by lawyer Jose Aquino.


New facility readies Philippines for global trading
- Manila Bulletin -

The marvels of technology which provide access to faster and paperless communication has presented security shareholders a better alternative scheme to the prevailing systems of ownership of securities in the country.
Known as electronic direct registration or EDR, the system is an electronic platform connecting databases of all Philippine Stock transfer agents participating in direct registration of security shareholders in the country. This facility enables stock transfer agents to register stock transfers directly and electronically since they are virtually unified through the EDR. Access can be made anytime and results in swifter information retrieval by
all players in the markets, thereby setting the stage for the country to participate in global trading.
Main exponent of this system is the Philippine Association of Stock Transfer and Registry Agencies (PASTRA), an association engaged in the stock tranfer services and Computer Data Vision, Inc. (CDVI), a software developer and system integrator focusing on the financial service sector. The CDVI boasts of 12 years of experience in core banking systems, electronic fund transfer, back-end integration and other technological innovations, serving such clients as Smart Telecoms, Citibank, Metrobank, Bahrain Islamic Bank and PTmV Indonesia.
Through EDR, issuing corporatins can reatain direct communication with shareholders while providing them the ease and convenience fo full
ownership without having to hold certificates.
With EDR, issuing corporations can save millions of pesos in certificate printing, and at the same time, preserving their direct relationship with individual investors.
The shareholders, on the other hand, can have full share ownership without having to hold certificates and having these certificates lost, stolen, or damaged.
With EDR in place, global trading is even more encouraged. Investors can trade through EDR and they can instruct their brokers to trde on their behalf through the EDR.
Investors can now view their accounts online 24 hours a day, seven days a week, since EDR can be accessed either through the Internet or mobile phones, hence, making it very convenient for small investors to trade.
The scheme has been presented to issuers and it has gained their support.
A prototype was presented Dec. 10 to the Securities and Exchange Commission and well received by the attending officials and members of the Philippines association of Publicly-held Corporations, Inc. (PAPCI), Philippine Stocks Exchange (PSE), SCCP, and brokers and custodian banks.
During the presentation, the SEC committed to review the scheme based on the endorsement of the SEC Market Regulation Department headed by lawyer Jose Aquino.


2004 Pastra. All rights reserved.
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