SIG Terminology Review

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Across
  1. 2. Segregated Classes setup at the Company-level on SCRIP to house shares issued to shareholders, outside of the standard Common Class, that have certain holding requirements.
  2. 4. This is the job run by SCRIP NA overnight that generates all electronic files and other types of outputs as a result of data input for the previous day.
  3. 5. Grants employees the right to buy stock from the company when certain terms are met, also known as vesting.
  4. 10. The daily report generated by the SCRIP NA system that reports any changes in issued capital resulting from online transactions processed the previous day.
  5. 12. Deposit/Withdrawal at Custodian. A method of electronically transferring shares to or from the Depository Trust Company (DTC), which acts as a clearinghouse for settling trades in corporate and municipal securities.
  6. 14. Another term for a Broker or Clearing Agent. Brokers that are setup to send/receive electronic shares via the FAST system have a Participant Number. This is a 2, 3 or 4 digit numerical range that identifies the Participant and is coded through DTC’s platform to link the Number with the Firm for appropriate delivery.
  7. 15. This is any instruction that performs a change in the SCRIP NA database.
  8. 16. : The Keyboard shortcut F7 allows you to access the Holder Enquiry System directly from any part of SCRIP NA except when already in Enquiry.
  9. 17. The date on which an employee stock award is exercised and some or all of the shares of stock underlying the stock award are purchased by the optionee.
  10. 19. a specialized process used when clients request distributions, cancellations or share issuances involving 25 or more holders/transactions.
  11. 20. CEDE & Co is the nominee name represented on the transfer agents records for Depository Trust Company (DTC).
  12. 22. Some employee plans require a participant to hold employer contributions for a certain period before they can be sold or withdrawn. This is known as the vesting period. At the end of the period, the shares are vested.
  13. 23. Stock that is issued and held by a company, but not considered outstanding shares. These are shares that do not pay dividends, have no voting rights, and should not be included in the calculation of outstanding shares.
  14. 24. A company may provide for shares of different classes that have special rights or restrictions. Each class in SCRIP NA is represented by a class code.
  15. 26. Meant in terms of Capital Control ___ – this is a function on SCRIP that allows processing to and from Company-controlled Reserves and Unallocated records (“R” and “U” Accounts on SCRIP).
  16. 30. Fast Automated Securities Transfer. A system introduced by DTC enabling participants to provide electronic custody, transfer, deposit and withdrawal services to beneficial holders more quickly and efficiently.
  17. 32. an automated securities exchange company that manages automated share or book entry share transfers.
  18. 35. This is a reconciliation function performed in Operations/Service Delivery that ensures that the issued and outstanding Capital of an the issued capital as recorded in SCRIP NA are always in balance.
  19. 38. Bogus book shares are common stock book entry shares which bear a restrictive legend applied in order to segregate the clean book shares from the restricted shares.
  20. 39. The Date upon which an employee award is formally extended to an individual and becomes effective.
  21. 40. An abbreviation used for Relationship Manager. This is the person who is the liaison with and deals directly with the Stock Transfer Client.
Down
  1. 1. Generated by DTC, identified by a 15 digit number, listing 1-30 lines of securities presented for processing. Listing includes the line numbers, participant number, share amount and dollar value
  2. 3. Attached within SCRIP NA to the shareholder’s certificate(s) as a way of recording legend and legal information about the certificate
  3. 6. The maximum number of shares a Corporation may issue under their Letters Patent or Articles of Incorporation.
  4. 7. The maximum number of shares that a corporation may issue under its Articles of Incorporation, By-Laws or Memorandum or Association.
  5. 8. Code This is a code (usually 3 or 4 letters) that identifies the company on the SCRIP NA database.
  6. 9. The number of shares issued to the investing public, which cannot exceed the authorized capital. The issuance of shares is issued by resolution and is, as a rule, fully paid.
  7. 11. allows issuers and authorized signors to facilitate the distribution of shares securely online.
  8. 13. The total number of securities of a specific class that have been issued and are in the hands of the Issuer’s security holders. This includes both restricted shares and freely tradable shares.
  9. 18. The amount of time elapsed between the acquisition of shares and the disposal (i.e. sale) of the same shares.
  10. 21. Fast Reject and Confirmation. A method of electronically transferring shares to or from the Depository Trust Company (DTC) using an SCL.
  11. 25. The specific date to which a Relationship Manager and/or Client would like a transaction reflected on SCRIP as of.
  12. 27. Date a trade settles and the funds/shares are moved to cover the sale or purchase, usually trade +3 days.
  13. 28. One or more persons that have been delegated by the Issuer, to provide written direction to be accepted and acted upon by Computershare as the Issuer’s Transfer Agent.
  14. 29. Point of reconciliation in SCRIP NA . Usually generated at the end of each working day. Identified by a unique ‘run’ number.
  15. 31. The date that a purchase or sale was executed with the broker.
  16. 33. Otherwise known as Bogus Book; shares that are issued in common stock book entry which bear a restricted legend applied in order to segregate the clean book shares from the restricted shares.
  17. 34. To give or grant a position to any one or more shareowners. _______ tend to be issued under specific conditions, and are commonly used as a form of employee compensation. _____ can be converted to shares of common stock under certain conditions, such as vesting requirements.
  18. 36. The unique number created for a Run generated at the end of each working day.
  19. 37. Also known as Cost Basis Reporting Service. A unique string of numbers (generically 26 digits in length) that allows industry participants (e.g., securities brokers, transfer agents, custodian banks, etc.) to communicate Cost Basis information by sending and receiving transfer statements in a secure, automated and standardized manner.