Stock Depositories and their participants form one of the largest custodians of public assets. Where stocks are traded in demat form, the account reporting by the depositories / participants to the account holders is a major activity in itself.

While practices vary from country to country, in most environments statements have to be sent to the holders both periodically and on an event-driven basis. As trading activity increases, this volume can climb up to millions of statements making management at either end very time-consuming.

Electronic statements, without authentication can lead to a significant amount of claims, counter-claims and helpdesk activity in this environment. AltaSigna helps in automating this activity and authenticating the account statements with a digital signature.

As trading cycles move towards T+1 and thereon to same day settlement models, this would become an essential tool to keep all ends of the transaction well-coordinated.

Custodians like MAN financials and Centurion Bank of Punjab have already future-proofed this activity by using AltaSigna to create, sign and deliver demat statements.