Direct Registration System. The term "Direct Registration System" means the system for the uncertificated registration of ownership of securities established by The Depository Trust Company ("DTC") and utilized by the Depositary pursuant to which the Depositary may record the ownership of Receipts without the issuance of a certificate, which ownership shall be evidenced by periodic statements issued by the Depositary to the Owners entitled thereto. For purposes hereof, the Direct Registration System shall include access to the Profile Modification System maintained by DTC which provides for automated transfer of ownership between DTC and the Depositary.
Appears in 3 contracts
Samples: Deposit Agreement (Open Joint Stock Co Long Distance & Internat Comm Rostelecom), Deposit Agreement (Cable & Wireless Public Limited Co), Deposit Agreement (Korea Electric Power Corp)
Direct Registration System. The term "Direct Registration System" means the system for the uncertificated registration of ownership of securities established by The Depository Trust Company & Clearing Corporation ("DTCDTCC") and utilized by the Depositary pursuant to which the Depositary may record the ownership of Receipts GDRs without the issuance of a certificate, which ownership shall be evidenced by periodic statements issued by the Depositary to the Owners Holders entitled thereto. For purposes hereof, the Direct Registration System shall include access to the Profile Modification System maintained by DTC DTCC which provides for automated transfer of ownership between DTC DTCC and the Depositary.
Appears in 1 contract
Samples: Deposit Agreement (Philippine Long Distance Telephone Co)
