What does Direct Registration System mean? Read on to discover the definition & meaning of the term Direct Registration System - to help you better understand the language used in insurance policies.
Direct Registration System
A direct registration system (DRS) is a form of securities management that uses an electronic platform instead of paper-based transaction. With this system, owned securities do not have to go through a brokerage firm, and business can instead be done with a transfer agent.
We hope the you have a better understanding of the meaning of Direct Registration System.