CDSC provides monthly statements of accounts to all holders of active securities accounts. CDSC mails these statements of accounts directly to securities account holders at the addresses recorded in the CDS system.
Investors receive regular statements detailing their electronic holdings and, as these statements are not negotiable instruments, investors need not fear the loss or duplication of such statements.
These statements take the place of share certificates. This is in direct contrast to the paper settlement environment where risks of lost forged or stolen documents abound.
Naturally, the costs associated with the replacement of such documents are also eliminated under CDSC.