Taiwan Depository & Clearing Corporation

Rising to the challenge to reach global net-zero emissions by 2050, the Taiwan Depository & Clearing Corporation (TDCC) is gradually expanding its digital shareholder services—including eVoting, eMeeting, and eNotice—to drive the implementation of the competent authority’s strategic direction towards an innovative, resilient, and sustainable market. The platform-based services help shape a more digitalized and diversified ecosystem of shareholder services.

To protect the interests of shareholders, issuing companies need to send notices to their shareholders, but as the number of shareholders increases annually, so does the cost of mailing the notices. That is why it is of the utmost importance for companies to develop a more efficient and cost-effective way to notify shareholders. Under the purview of the competent authority, TDCC has been facilitating the digitalization of shareholder services. After several rounds of cross-industry discussions with representatives from academia, government, the Taiwan Stock Affairs Association (TWSAA), issuing companies, shareholder service units, and custodians, TDCC proposed a solution called eNotice—developing an electronic notification service for dividend payments as part of the eNotice platform will be the priority. The plan to build the platform was approved by the competent authority a few days ago and is expected to launch in June 2023.

Once eNotice is live, investors can receive electronic notifications of their dividends on the ePASSBOOK application or via email if issuing companies of their stocks granted TDCC permission to send notifications. Users can also easily find comprehensive dividend-related information like dividend distribution dates and absolute amounts on the eNotice platform. With this, investors can not only be freed from stacks of printed dividend notices, but they can also help conserve energy, reduce carbon emissions, and support sustainable policies.

According to TDCC Chairman Han-Chiang Chu, they are committed to providing a better experience for companies and investors through their digitalized services. They will stay proactive in thoroughly understanding the needs of issuing companies and investors, and continue to innovate and optimize their services on TDCC’s digital platforms. The goal is to promote the application of FinTech and sustainable policies in the local securities market.