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The Employee Nominee Facility (Streamliner) complements our share plan administration services by streamlining share settlement, delivery and ownership through a corporate nominee structure
Streamliner enables individuals to open a nominee share account with RBC cees so that when the shares vest they are automatically transferred into the account. This facility appeals to employees who don't have or don't want to go to the trouble of opening their own broker account. An employee can keep their shares in the facility and sell them at any time.
Benefits
- Simplifies the ongoing electronic holding of company shares
- 'One shareholder' on the registrar’s record
- Integrates and provides a single point of contact
- Streamlines vesting and exercise process
- ‘One stop’ service for all company shares:
- Purchases and sales
- Transfers in and out, electronically or in certified format
- Payment of dividends, either in cash or re-invested
- Lodging of voting preferences
- Overseas employees can allow dividends to roll-up within the Streamliner service until they request that their funds be transferred into their local currency and distributed electronically
- Online communication
Click here for the product specific legal for RBC cees.
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